Media

Blippar slips toward insolvency
Kazanah Nasional is reportedly blocking emergency funding for the Qualcomm-backed AR technology developer, which has raised some $137m while trying to locate a sustainable business model.
Bytedance takes a turn at corporate venturing
The digital media company is putting together a $1.44bn fund in which it will provide 20% of the capital, targeting state-owned vehicles for the rest.
M17 makes $25m to beat IPO blues
M17 Entertainment, backed by MCN, Yahoo Japan and LeSports, has collected $25m after a failed attempt at an IPO earlier this year.
Corporate venturing deal net: 3-7 December 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Arrive tunes up $40m fund
The entertainment agency's Arrive unit, which hasalready backed Robin Hood and Ethos, has raised $20m for a investment fund with a $40m target.
Acast accepts $35m in series C round
The Bonnier Growth Media-backed podcast marketplace has taken series C funding at a $190m valuation, boosting its total funding to more than $67m.
MPL to amp up with $30m
Go-Jek is finalising a $30m investment through its Go Ventures unit that will value eSports game platform Mobile Premier League at $150m.
Corporate venturing deal net: 26-30 November 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Other News

Bustle forks out $5m to buy Mic Network
Bustle has agreed to buy Mic for $5m, marking a significant down valuation for the news publisher backed by Axel Springer, Hakuhodo, You & Mr Jones, Time Warner and WPP.
Getty Images gets $500m from Koch Industries
Koch Equity Development will invest $500m in Getty Images following the professional photography platform recently gained independence from Carlyle Group.
Mythical cashes OKCoin in $16m series A
Apart from Mythical, investors in blockchain videogame studio Mythical's series A round included corporate-backed vehicle Eos VC Fund and Javelin Venture Partners.
Corporate venturing deal net: 19-23 November 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
PlayVS hits home run with $30m
Adidas, Samsung and WndrCo have taken part in PlayVS's $30.5m series B round, five months after the high school eSports league raised $15.5m.
Jelli gets to iHeartMedia in acquisition deal
The radio ad marketplace operator has agreed to an acquisition by one of its investors, iHeartMedia, with Intel Capital and Universal Music also set to exit.

Editor's Picks

SoftBank agrees to buy into $3bn Bytedance round
Digital media company Bytedance has agreed $3bn in a round set to be led by SoftBank that will reportedly value it at $75bn.
SoftBank bids to invest in ByteDance
SoftBank is reportedly among the interested investors as digital media company ByteDance targets $3bn at a $75bn valuation.
Analysis: Tencent-backed IPOs
Since the beginning of 2017, Global Corporate Venturing (GCV) Analytics has tracked and seen a number of companies backed by China-based internet company Tencent go public in Hong Kong and the US.
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