Peter Thiel raised a $32 million fund to invest in startups in... New Zealand, reports the WSJ. The reports say he "set up" or "opened a fund", but this is not technically true. As we reported more than a year ago, Thiel has been actively investing in New Zealand for many years. His New Zealand ... Read more...
Well, that didn't take long. JP Morgan has officially raised $1.2 billion for a digital growth fund, which will invest in late-stage tech startups. That's about double the amount that the fund was previously reported to be raising. It's not clear whether the previously reported amount was wro... Read more...
News Corp has hired tech and media investment bank Allen & Company to sell off MySpace, the WSJ reports. Allen & Co will now schedule meetings with interested buyers, of whom there are about twenty, including financial firms. We think Zynga should buy MySpace (see below) but... Read more...