GlaxoSmithKline (GSK.L) has invited private equity firms to consider making offers for a range of its older drugs sold in Western markets, Reuters reported, citing three people with direct knowledge of the matter.
(Reuters) Sequoia Capital, best known for its early stage investments in companies such as Google, has raised $530 million for its fourth India-focused fund, the U.S. venture capital fund said in a statement.
Irving Place Capital has put PlayCore up for sale after a more than seven year hold, three sources said.
In Second Opinion, a group led by David Geffen, and including Oprah, have bid $1.5 bln for the L.A. Clippers, SnapChat’s CEO apologizes for being very immature and stupid, plus measles cases are at an all time high.
The University of Texas Investment Management Company’s venture portfolio includes bets on recent funds from Union Square Ventures, IA Ventures, Foundry Group, True Ventures, Cendana Capital and now Techstars and Pinto Technology Ventures. A good number have started well and, through early this year, continued to make gains.
Some general partners have taken a fairly relaxed view of the recent leak of their limited partner agreements—which raises the point that what has been under lock and key for so long in this industry actually doesn’t need to be.
Apple Inc (AAPL.O) will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming.
This morning First Read brings you links to a new investment approach from family offices, ten tips for launching your first private equity fund, CPP Investment Board recruiting in New York and a directory of biotech-focused VC firms.
In Second Opinion, Apple is investing $400 mln equity into Beats Electronics, potential bidders for the L.A. Clippers must get their offers in today by 5 p.m. ET and five myths about retirement. R.I.P. Maya Angelou.
Patrick Chung said that performance of Xfund justifies a second fund.
What Readers Are Saying