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PE HUB First Read

First Read ushers in your morning with news that Anthem is close to a deal to acquire Cigna for $48 billion, Qualcomm will reportedly downsize 15 percent of its workforce and Ferrari files for an IPO on the New York Stock Exchange.

Cubic Telecom raises $20.2 mln

Audi Electronics Venture GmbH (AEV), a subsidiary of AUDI AG , and Qualcomm Inc. have invested 18 million Euros (US$20.2 million) in Cubic Telecom. Dublin-based Cubic Telecom provides a Machine to Machine (M2M) connectivity platform. Cubic’s existing investors include Sierra Wireless, ACT Venture Capital, TPS Investment Ltd and Enterprise Ireland.

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peHUB Second Opinion

In Second Opinion, Carly Fiorina and Mike Huckabee enter GOP presidential race in wake of Carson, Google acquires Timeful and the new royal baby gets a name–Charlotte Elizabeth Diana.

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peHUB Second Opinion

In Second Opinion, IBM is investing $4 billion into cloud and mobile initiatives, the FCC approves net neutrality and the New York Daily News is reportedly on the block.

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peHUB Second Opinion

In Second Opinion, an ex-Qualcomm executive pleads guilty to insider trading, Greece gets a four-month loan extension and oops, 800,000 Obamacare enrollees receive false tax information.

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peHUB Second Opinion

In Second Opinion, Qualcomm nears a $1 billion deal to resolve its China antitrust dispute, Netflix launches in Cuba and the payout to Bernie Madoff’s victims tops $7.2 billion.

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Whistle snaps up $15 mln, also acquires Tagg

San Francisco-based Whistle, a provider of pet tech products and services, has secured $15 million in Series B funding. Nokia Growth Partners led the round with participation from Qualcomm, Melo7 Tech Partners LLC and Queensbridge Venture Partners. In addition to the funding, Paul Asel, a managing partner at NGP, has been added to Whistle’s board of directors. And, Whistle has acquired pet tracker GPS system Tagg from Qualcomm. No financial terms were disclosed.

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Qualcomm to invest $40 mln in four Chinese start-ups and Chinese fund

Mobile tech powerhouse Qualcomm has committed to investing $40 million in four Chinese start-ups in addition to China Walden Venture Investments, a China-focused semiconductor fund. Among the firms Qualcomm plans to back are 7Invensun, an eye-tracking solution provider; Chukong Technologies, a mobile entertainment platform provider; and Unisound, a voice recognition and processing technology provider.

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San Francisco start-up Helium bags about $16 mln Series A

San Francisco-based Helium, an internet of things platform for smart machines, has raised about $16 million in Series A funding, the company announced in a blog post on its site. Khosla Ventures led the round with participation from other investors that included FirstMark Capital, Digital Garage, Marc Benioff and SV Angel. Also, Helium has hired Rob Chandhok as president and chief operating officer. Previously, Chandhok worked at Qualcomm. To read the post, visit here.

 

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peHUB First Read

This morning’s First Read has the Federal Reserve sending a warning to banks, former Olympian Oscar Pistorius is sentenced to five years in prison and fashion icon Oscar de la Renta passes away.

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peHUB First Read

Catch up on the midweek news as First Read has Qualcomm making a $2.5 billion dollar deal, a second health-care worker tests positive for Ebola and two tech giants offer to freeze eggs for female workers.

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Qualcomm acquires VC-backed Wilocity

Qualcomm has acquired Wilocity, a semiconductor firm based in California and Israel. No financial terms were disclosed. Its backers included Benchmark, Sequoia Capital, Jerusalem Global Ventures, Vintage Investment Partners and Tallwood Venture Capital.

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peHUB Second Opinion 9.4

In Wednesday’s Second Opinion, a Senate panel approved a military strike Syria, Samsung wants you to gear up for its smartwatch, Qualcomm prefers that you take a Toq, and you may be able to keep your shoes on the next time you get screened at the airport.

Summit Microelectronics Acquired By Qualcomm

Qualcomm Inc. said it acquired Summit Microelectronics, a developer of programmable power integrated circuits based in Sunnyvale, Calif. No terms were disclosed. The company has a long list of venture backers, including Bessemer Venture Partners, Norwest Venture Partners, CID Group, HLM Venture Partners, Nokia Growth Partners, August Capital Management and FirstMark Capital, according to data […]

ip.access Raises $15 Million

Cambridge based small cell innovator, ip.access has closed a new round of funding, raising some $15 million. The company’s existing investors Amadeus Capital Partners, Cisco, Intel Capital, Qualcomm, Rothschild & Cie Gestion, Scottish Equity Partners and TE Connectivity all participated in the funding and re-affirmed their commitment to the small cell market. PRESS RELEASE Cambridge […]

Bidders Line up for InterDigital

(Reuters) – Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for InterDigital Inc, sources familiar with the situation said. The auction of the wireless telecommunications specialist — expected to be heavily contested as giant tech companies fight to shore up patent portfolios — will be postponed from next week until […]

Cavendish Kinetics Adds $10M

San Jose, Calif.-based Cavendish Kinetics has sealed $10 million in fresh capital, and added Qualcomm Inc. to its list of investors. Tallwood Venture Capital, Wellington Partners Venture Capital and other, unnamed investors joined Qualcomm in the latest round for the fables semiconductor company. The new money will help with production of its RF Tuning products, the company said Tuesday.

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