Vienna and San Francisco based Super angel fund Speedinvest, launched just over 6 months ago, has announced it’s made four investments to date. According to Founder and CEO Oliver Holle, the fund has invested more than €1 million in those four startups and doubled that sum through co-investors.
The investments made are rather diverse, ranging from VoiP to an already well-known social sharing… → Read More
Sony is making a big bet on smartphones and digital cameras: the company yesterday confirmed earlier reports that it plans to double image sensor production in the near future. Through March 2012, big S is ready to invest a whopping $1.2 billion to expand production facilities for CMOS sensors in Japan. → Read More
Bill Gates now owns 3-percent of the world’s second-largest Coke bottler and Mexico’s second-largest brewery. I say good for you, Mr. Gates. Cascade Investment LLC, the asset management firm that Gates owns, recently purchased almost 11 million shares of Monterrey, Mexico’s Femsa. Femsa has a soft drink unit (Coca-Cola Femsa), a beer subsidiary, and a retail unit that runs… → Read More
The New York Times is reporting that Sprint has said thanks but no thanks to an offer from Providence Equity Partners and South Korea’s SK Telecom which would, in effect, replace Sprint’s management team and infuse $5 billion into the company. The deal would have also allowed SK Telecom and Sprint to "significantly cut costs by jointly purchasing handsets and examining network… → Read More