The logo of a Target store is seen in Arvada, Colorado February 24, 2009.  REUTERS/Rick Wilking

PE HUB Second Opinion

In Second Opinion, Target has reached a reported $67 million settlement with Visa over the 2013 data breach, Reddit taps Pinterest’s founding engineer as its first CTO and police are searching for Rosie O’Donnell’s missing daughter.


peHUB Second Opinion

In Second Opinion, FIFA President Sepp Blatter will be stepping down in wake of scandal, Facebook opens a new artificial intelligence research center in Paris and Toys ‘R’ Us names IPO vet David Brandon as its next CEO.


peHUB First Read

First Read starts your morning with news of Pinterest raising $367 million in funding at a $11 billion valuation, Apple plans on launching its web TV service in the fall and at the Ellen Pao trial, Kleiner Perkins partner Mary Meeker says the firm doesn’t discriminate.


peHUB First Read

First Read starts your morning with news of high-frequency trading firm Virtu reviving IPO plans, Pinterest seeks $500 million in funding at an $11 billion valuation and Photoshop turns 25.


Lootsie snaps up $3.5 mln

Culver City, California-based Lootsie, a loyalty and rewards platform for mobile apps, has raised $3.5 million in seed funding. The investors included Tim Kendall, head of product management at Pinterest; Michael Liou, founding partner at Anvil Capital; and Brad Schwartz, founding partner at SLP Ventures.


peHUB First Read

First Read begins the post-holiday recovery with news about Xiaomi confirming $1.1 bln funding, Gawker slowly releases documents in unpaid intern lawsuit and refuses to disclose tax returns and private equity fees are getting leaner.

VC-backed virtual scrapbook site Pinterest buys Icebergs

Virtual scrapbook site Pinterest has acquired Icebergs, a visual organization startup, the latter announced on its site. No financial terms were disclosed. Icebergs, which is headquartered in Barcelona, will be joining the Pinterest team in San Francisco and discontinuing its service on September 1. Pinterest’s backers include SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners. To read the post, visit here.


peHUB Second Opinion

In Second Opinion, Amazon posts a larger Q2 loss, Barry Silbert is stepping down as SecondMarket CEO and even Comic-Con bans Google Glass. Plus Kristen Bell, as Mary Poppins, sings for a wage increase.


Pinterest racks up $200 mln at $5 bln valuation

Virtual scrapbook site Pinterest has raised $200 million in Series F financing at a valuation of $5 billion, a spokesperson from the company confirmed. Previous backers SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners participated in the round.  Pinterest co-founder and CEO Ben Silbermann said in a statement: “Pinterest has a vision of solving discovery and helping everyone find things they’ll love. This new investment gives us additional resources to realize our vision.”


peHUB First Read

To shut down your week, First Read has news that more companies are citing climate change as a significant risk to operations, a Japanese man was arrested for allegedly 3-D printing guns capable of firing and a pro-business regime looks to be headed to victory in India.


peHUB Second Opinion

In Second Opinion, RadiumOne’s abusive CEO needs to go, the bankruptcy filing from Energy Future Holdings could come as early as Monday evening, Amazon’s new smartphone will have a unique wireless data plan and Netflix is coming to cable.

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