Corporate venturing deal net: 18-22 February 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Pinterest proceeds to IPO stage
Rakuten is among the investors in line for an exit following Pinterest’s decision to file confidentially for an initial public offering expected to value it at more than $12bn in the next four months.
GN Audio records $125m Altia Systems acquisition
GN Audio has acquired Altia Sytems for $125m, providing an exit for Intel Capital, which had backed a $10.7m series B round for the camera maker in 2014.
Overtime clocks up $23m in series B
MSG Studios contributed to a round that led by Spark Capital that boosted the digital sports media platform's valuation to about $100m.
Catapult Capital catches JibJab
Catapult has partnered St. Cloud Capital to buy the electronic greeting card platform for an undisclosed sum, allowing Sony and Overbrook Entertainment to exit.
Analysis: Reddit gets $300m
Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation
Corporate venturing deal net: 11-15 February 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Douyu cues up $500m IPO
Tencent-backed Douyu has confidentially filed to go public in the US, following another Chinese livestreaming platform, Huya, which floated last year.

Other News

Scroll rolls up Nuzzel
Mol, DeNA and Digital Garage are exiting the social news platform through an acquisition by Scroll, which will use it to test consumers' interest in content.
Reddit reels in $300m
Tencent led a round that valued the Condé Nast-backed online social forum at $3bn post-money as it seeks to boost its advertising revenue.
Corporates help scale Himalaya with $100m
Ximalaya FM and Susquehanna International Group have taken part in a $100m round to launch podcast network Himalaya, which was spun out of Ximalaya.
Reddit readies $300m series D round
Tencent is in talks to invest $150m in Reddit, an online social platform backed by Condé Nast, as part of a series D round that could reach $300m and value it at $3bn.
Spotify spies Gimlet for $200m acquisition
The streaming platform is in advanced talks to acquire podcast producer Gimlet Media, which has raised $27m from investors including WPP and Graham Holdings, for more than $200m.
Altice catches Molotov to buy majority share
Altice has reportedly acquired a 60% share of the live TV streaming service, while existing shareholders such as Sky will retain a stake in the business.

Editor's Picks

WarnerMedia Investments closes book on deals
WarnerMedia Investments, the corporate venturing unit formerly known as Time Warner Investments, has reportedly shut while managing director Allison Goldberg has left the company.
Pinterest points to April for IPO
The Rakuten-backed social media and e-commerce company, valued at more than $12bn, will select underwriters next month and could go public as soon as April.
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.
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