:format(webp)/cdn.vox-cdn.com/uploads/chorus_image/image/63698146/capitalgains.0.1508565536.0.jpg)
Many sweaty fistfuls of cash were exchanged this week. Here’s some of what went down:
- Chinese search engine Baidu is set to invest an undisclosed amount in the ride-hailing service Uber. Earlier this month, Uber said it had just finished a funding round that valued the company at $40 billion.
- Two enterprise technology firms — New Relic and Hortonworks — made their IPOs on Wall Street this past Friday. New Relic’s stock rose 44 percent and closed at $33.02. Hortonworks’ stock increased by about 39 percent, closing at $22.24.
- After reporting better-than-expected quarterly earnings on Thursday, Adobe announced that it will be acquiring the stock photo service Fotolia for roughly $800 million in cash.
- The cloud storage company Box updated its filings for an IPO, revealing that it is on track to earn $225 million in the 2014 fiscal year. In July, Box was valued at more than $2.4 billion in a funding round led by TPG and Coatue Management.
- Kabam, the mobile gaming company, raised $40 million in a secondary offering. Earlier this year, Kabam raised $40 million in a round that valued the company at $1 billion.
- The online petition and social advocacy site Change.org raised $25 million in funding. The company was founded in 2007, and has 80 million users across 196 countries.
- The “smart” technology company Helium raised $16 million in new funding, and grabbed ex-Qualcomm executive Rob Chandhok to be its new president.
- The makers of Connect, an app that makes a social media-powered address book, has raised $10.3 million in new funding. The company has raised more than $13 million since its launch in 2012.
This article originally appeared on Recode.net.
