PandoDaily » News Items

Samsung buys 10% of Pantech, Korea’s #3 handset maker

Michael Carney — Wed, 22 May 2013 15:29:06 +0000

Samsung has purchased a 10 percent stake in Pantech, the third largest Korean handset maker, for $48 million (53 billion won). To offset any regulatory concerns, Samsung will a passive investor. [Source: TNW]

Google launches Top Charts to display monthly search trends

Michael Carney — Wed, 22 May 2013 15:26:01 +0000

Google has added monthly Top Charts to its trends product to offer a visual representation of the things people are most interested in. Topics include actors, animals, Books, Cars, and TV shows among many others, with each including the ten most popular items within the category. [Source: Google]

Cloudscaling raises $10M Series B to deliver OpenStack clouds

Michael Carney — Wed, 22 May 2013 15:19:29 +0000

OpenStack cloud company Cloudscaling has raised a $10 million Series B round from new investors Juniper Networks’ Junos Innovation Fund and Seagate, as well as early investor Trinity Ventures. The company’s customers, including Korea Telecom, turn to Cloudscaling to obtain an an on-premise private or public cloud comparable to Amazon Web Services. [Source: GigaOM]

Numbrs raises $7.7 million

Erin Griffith — Wed, 22 May 2013 15:11:00 +0000

Banking app Numbrs has raised 7.5 million Swiss francs ($7.7 million) from its parent company Centralway. The app is planning to launch in Germany, the UK and Switzerland. [Source: TechCrunch]

Blue Coat Systems acquires Solera Networks

Erin Griffith — Wed, 22 May 2013 15:08:34 +0000

Blue Coat Systems, a company which sells network gear for security and WAN optimization, has acquired Solera Networks. Solera had raised $50 million in from Allegis Capital, Intel Capital, Signal Peak Ventures and Trident Capital. [Source: GigaOm]

Wanderful Media raises $9 million more

Erin Griffith — Wed, 22 May 2013 14:48:37 +0000

Wanderful Media, which bills itself as an online local discovery shopping company, raised $9 million in additional funding to a round totaling $36 million from its existing investors. This addition brings the company’s total funding to $36 million. The company’s existing investors include Advance Digital, A. H. Belo Corporation, Community Newspaper Holdings Inc., Cox Media Group, The E. W. Scripps Company, Gannett Co. Inc., GateHouse Media Inc., Hearst Corporation, Lee Enterprises, MediaNews Group, The McClatchy Company, and The Washington Post Co. [Source: Wanderful Media]

Urturn launches with $13.4 million in funding

Erin Griffith — Wed, 22 May 2013 14:43:37 +0000

London-based Urturn, an “app for self expression,” has launched today with a $13.4 million investment from Balderton Capital. Urturn was originally called Webdoc. [Source: Guardian]

Zalora raises $100 million

Erin Griffith — Wed, 22 May 2013 14:41:17 +0000

Zalora, a flash sales site in SouthEast Asia backed by Rocket Internet, has raised $100 million in new funding from Summit Partners, Investment AB Kinnevik, Verlinvest and the Tengelmann Group. The company recently raised $26 million from Tengelmann, a German retail company. [Source: VentureBurn]

Mac-in-USA will be manufactured in Texas

Cale Guthrie Weissman — Wed, 22 May 2013 13:45:01 +0000

During Tim Cook’s senate testimony yesterday, the CEO talked about Apple’s proposed Mac-in-USA computer line. According to Cook the products will be assembled in Texas and the company has already invested $100 million in the product line. [Source: AllThingsD]

Clearwire’s board of directors recommends Sprint’s revised bid

Cale Guthrie Weissman — Wed, 22 May 2013 13:37:06 +0000

After Sprint decided to revise its bid to acquire a 50% stake in Clearwire yesterday at the eleventh hour, Clearwire decided to recess until May 30 to mull it over. Now it’s being reported that Clearwire’s board of directors has approved it, and recommends that the stockholders follow suit. [Source: GlobalNewswire]