Capital Gains: Samsung's $2B Share Buyback, YikYak Gets Paid and More

Here’s some funding and market news from this week:

• Amid declining profits and shareholder pressure, Samsung announced it would be buying back $2 billion worth of publicly-held shares in the company. This will be the second-largest share buyback in company history.
• The college-focused anonymous social news app YikYak raised $62 million in a funding round led by Sequoia Capital. Less than six months ago the Atlanta-based company raised $10 million in a separate round.
• The freelancer work marketplace Elance-oDesk announced it raised $30 million in a round led by existing investor Benchmark Capital, with participation from T. Rowe Price, FirstMark, Sigma West, NEA and the Stripes Group. The company is now preparing for an IPO.
• Narrative Science, which makes an automated writing software, raised $10 million in a recent funding round. The round gives Narrative Science a total of $32 million in funding since 2010.

This article originally appeared on Recode.net.

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