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Capital Gains: Yahoo Doubles Down on Ad Tech and More

Alibaba wants to raise $8 billion, Yahoo buys another thing and more.

Vjeran Pavic

Here are a bunch of the big transactions and announcements in tech from this week:

  • Chinese e-commerce giant Alibaba wants to raise up to $8 billion in a new bond offering, not satisfied with the biggest IPO in history just a couple months ago.
  • Yahoo CEO Marissa Mayer’s latest acquisition is BrightRoll, a video ad technology firm, to the tune of $640 million. The company says the already-profitable BrightRoll’s $100 million in revenue will make Yahoo’s advertising platform the largest in the U.S.
  • The parent company of the Churchill Downs racing track has acquired the casual gambling company Big Fish for $485 million in cash, with a potential $400 million in additional payouts according to the terms of the agreement.
  • The bitcoin vendor and technology company Coinbase is working on a new funding round that will put the firm’s value at $400 million. Coinbase is working on raising between $40 and $60 million this round, with most of this investment coming from the VC firm DFJ.
  • Enterprise cloud software company New Relic disclosed its plans for an IPO, with the goal of raising $100 million in new investment. Previously the company raised $215 million in funding from a number of different investors.
  • Revel Systems, the maker of a digital checkout product similar to Square’s, closed a $75 million investment, $65 million of which came from the private equity firm WCAS. Revel also has the option to take an additional $25 million from WCAS in exchange for a larger stake.
  • The mobile gaming company Scopely announced it has raised $35 million in a Series A round led by Highland Capital and Evolution Media Partners. Scopely previously raised $8.5 million in 2012, and has published a number of the highest-ranking games on Apple’s App Store.
  • Gogobot, a startup that makes a travel website and app aimed at millennials, just closed a $20 million investment from the vacation rental company HomeAway.
  • The mobile education technology company Speakaboos raised $6.5 million in a Series B funding round, giving them $12.7 million in total funding (Yahoo Finance).

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