Maker Studios said on Monday that a majority of shareholders approved of its purchase by Walt Disney Company. This means that the company is not for sale to Relativity Media, which made a surprising $1.1 billion bid.
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Jumei is a Beijing based online retailer that will be going public soon, according to an SEC filing. Jumei offers daily deals on cosmetics and fragrances. Jumei is expected to raise up to $400 million, but the company did not say what exchange it will be listing on. Jumei was founded in 2009 and one of its investors include Sequoia Capital.
Quintel is a multi-band antenna solutions company that has raised $10 million in funding. This round of funding was led by Trillium International. The funding will be used for accelerating growth and scaling delivery capacity to meet its 400% year-over-year growth rate.
Julep is an online cosmetics and beauty company that has raised $30 million in Series C funding from Azure Capital, Madrona Venture Group, Altimeter Capital, Andreessen Horowitz and Maveron. Julep was founded by former former Starbucks executive Jane Park.
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Storefront has raised $7.3 million in funding led by Spark Capital. Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, Box Group, SV Angel, Gary Vaynerchuk, Nas, Tom Glocer, Vikram Pandit and Troy Carter participated in this round.
Facebook Inc (NASDAQ:FB) has been expanding from being just a social network lately. The company bought a social photo app (Instagram), a group messaging app (WhatsApp), and a virtual reality headset company (Oculus). Now Facebook is reportedly going to launch a financial service that would provide electronic money and remittance services, according to The Financial Times.
Samsung Electronics Co., Ltd. (KRX:005930) has reported that it had a successful opening weekend for the Galaxy S5, but the company did not provide any specific numbers. The S5 launched globally on April 11th in over 100 countries. Samsung Electronics said that the S5 sold better than last year’s S4 opening weekend. Samsung said that there was a high demand for the S5 in countries like India, Saudi Arabia, and France. It is especially popular in the Middle East because it is resistant to sand and dust damage.