investment

Qualcomm finally completes $120M investment in Sharp

Qualcomm's $120 million investment in Sharp has officially been completed.

Back in December, Qualcomm announced that it would invest $120 million in the ailing Sharp in return for about 3.5 percent ownership. Qualcomm dropped $60 million into Sharp when the deal was announced, but decided to keep the balance until Sharp met several conditions, including the fabrication of power-conserving screens.

In March, Sharp announced that it wouldn't meet all of the conditions, prompting Qualcomm to withhold its remaining $60 million investment until the company could get to where it needed to be.

In a statement (PDF) on … Read more

Samsung buys 10 percent stake in Pantech for $48 million

Samsung has inked a deal with fellow Korean phone maker Pantech for an equity stake in the company.

In a statement on Wednesday, Samsung confirmed an earlier report from Yonhap News, saying that it has acquired a 10 percent stake in Pantech for $48 million. The company said that the investment is designed solely to enhance the relationship between the firms.

As expected, the move has raised some eyebrows in Korea, where Samsung and Pantech are competing most heavily in the mobile device market. Elsewhere around the world, Pantech's devices are decidedly second- or third-tier and don't amount … Read more

Google drops cash into Lending Club for minority interest

Google has dropped a significant investment into loan-pairing company Lending Club, the companies announced today.

Lending Club announced today that Google has invested in its operation to take a minority stake in the company. Lending Club didn't say exactly how much Google invested, but did say that it was part of a $125 million round of financing. Google and another investor, Foundation Capital, acquired shares from existing investors.

Since its founding in 2007, Lending Club has been growing significantly. The company facilitates loan transactions between those who need cash and those who are willing to dole it out. Lending … Read more

Foursquare raises $41M in debt deal with Silver Lake, others

Foursquare has been able to raise a whopping $41 million, but the funding hasn't come in the form you might expect.

The company announced the news today, saying the cash came from a host of well-known Silicon Valley investors, including Andreessen Horowitz, Union Square Ventures, and others. However, rather than give those firms equity, Foursquare raised the $41 million through a combination of tapping into the Silver Lake Waterman growth debt fund, as well as asking for convertible debt from the aforementioned investors, among others.

The cash raised helps Foursquare fund its growth and also aids the company in … Read more

Venture capital funding for Q1 slowest since 2003

If the first quarter is any gauge for U.S. venture capital funding, there's not a lot to look forward to for the rest of the year.

The number of funds that raised money for venture capital in the first quarter of 2013 was fewer than any other quarter in the last 10 years, according to a new report by Thomson Reuters and the National Venture Capital Association (NVCA).

Thirty-five funds contributed to venture capital fundraising last quarter, which is a 14 percent decrease in the number of funds from the final quarter of 2012. The slowest quarter in … Read more

Amazon's Bezos leads $5M investment in Business Insider

Amazon Chief Executive Jeff Bezos led an investment group that pumped $5 million in news Web site Business Insider.

In a press release, the news site's co-founder, Henry Blodget, said that Bezos Expeditions, the executive's investment company, led the new round of financing that also included existing Business Insider investors Institutional Venture Partners and RRE Ventures.

"On a personal note, I will add that we are totally stoked about this," Blodget wrote.

In a note to staff, Blodget noted that the proceeds will be used to invest in editorial, technology, sales and marketing, subscriptions, and events. … Read more

'Star Trek' inspires BlackBerry founder to launch quantum fund

BlackBerry co-founder and former CEO Mike Lazaridis has veered from mobile devices and set his sights on quantum technology.

This technology is so fascinating to him that he and fellow BlackBerry co-founder Doug Fregin have launched a $100 million investment fund, called Quantum Valley Investments, to work on commercial applications for breakthroughs in quantum science, according to the Wall Street Journal.

But, what exactly are breakthroughs in quantum science?

According to Lazaridis, one need look no further than Star Trek.

"There's this buzz around the world that this quantum information science is starting to bear fruit," Lazaridis … Read more

Sharp to miss investment deadline issued by Qualcomm -- report

After failing to advance far enough toward a manufacturing process goal, Sharp says that it will miss a March 29 deadline to receive the second half of a $120 million investment from chipmaker Qualcomm.

In December, the ailing Japanese electronics maker said it reached a partnership with U.S.-based Qualcomm, which agreed to invest $120 million in a project to jointly develop display panels. However, as reported by Reuters, Qualcomm's conditions included the stipulation that Sharp meet strict deadlines to fabricate power-conserving screens, and as a result, Sharp will not yet be granted the remaining $60 million the … Read more

Samsung invests $111M in Sharp to buoy display business

Samsung has agreed to invest 10.4 billion yen, or about $111.3 million, in Sharp, helping buoy the struggling display maker.

Sharp said it will issue 35.8 million shares to give Samsung's Japanese electronics unit an approximate 3 percent stake in the company. Sharp noted in a press release that the investment "is to build up mutual trust" in the liquid crystal display business and at the same time boost Sharp's capital position.

The new partnership will ensure that Samsung receives a steady supply of large LCD panels for TVs and small and medium … Read more