Thursday, December 1News That Matters
Shadow

Tag: venture

Op-ed: You’ve been asked to invest in a private venture. Here’s when to say ‘yes’ and when to walk away

Finance
Tetra Images | Tetra images | Getty ImagesA few years ago, I had a client tell me he invested in a fancy bowling alley — the new party hot spot in town. It's since shut down. Another client shared that he joined the board of a start-up and they're looking to raise capital. He wants to figure out the right dollar amount to invest.High-net-worth investors are approached often to put their money into a private company looking to grow. The offers come in all shapes and sizes: Small companies need capital to expand, start-ups often need several rounds of financing, and friends or family members with a "Shark Tank" type idea want to make a run at creating their dream.These investment ideas often sound exciting and exclusive and seem to hold the potential for much higher returns than a traditiona...
Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US

Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US

Finance
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3.Chris Ratcliffe | Bloomberg | Getty ImagesLISBON, Portugal — Europe's technology industry is thriving and showing signs that it can compete with the U.S., the chief of Sony's venture capital arm told CNBC."When we started the Sony Innovation Fund, we thought it would consist of mainly the U.S portfolio," Gen Tsuchikawa, head of the unit, said in an interview at the Web Summit technology conference. "But as we cultivated the European market, we found lots of different ideas in Europe."Tsuchikawa cited examples in the continent, such as innovations in Sweden's music industry and Germany's gaming scene. Sony's VC fund...
BAE Systems, Rheinmetall launch military vehicle joint venture

BAE Systems, Rheinmetall launch military vehicle joint venture

Business
July 1 (UPI) -- Defense contractors Rheinmetall of Germany and BAE Systems of Britain launched a joint venture on Monday to build combat vehicles. The companies issued a statement announcing the formation of Rheinmetall BAE Systems Land, to be headquartered in Telford, England. The new venture is expected to play a major role in the development and construction of the eight-wheeled Boxer 8x8 vehicle for the United Kingdom's Mechanized Infantry Vehicle program, as well as the rest of the British Army's vehicle fleets. The vehicles have also been purchased by several other NATO countries. BAE agreed to sell a 55 percent stake in its Global Combat Systems business, builders of armored vehicles and artillery, to Rheinmetall for $ 36.1 million. The United Kingdom's Competition and Markets Aut...
M&S and Ocado shares leap on joint venture talks

M&S and Ocado shares leap on joint venture talks

Business
By James Sillars, business reporter Shares in both Ocado and Marks and Spencer (M&S) have risen sharply following confirmation of talks on a joint venture.Both companies released statements to the City moments after the Evening Standard newspaper reported that a deal was imminent. Ocado said: "Following media speculation, Ocado Group plc confirms that it is in discussions with Marks and Spencer Group Plc regarding a joint venture in UK retail."There is no certainty that these discussions will result in any agreement or as to the timing of any such agreement." Image: Waitrose is Ocado's current delivery partner The announcement from M&S contained no further details. Its shares were initially 4% u...