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Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report

SAN FRANCISCO - Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.

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China's Wanda, Tencent and Baidu team up for $813 million e-commerce deal-sources

BEIJING - China's privately-held Dalian Wanda Group is set to launch a 5 billion yuan ($813 million) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.

3:50am EDT

RadioShack shareholder negotiating rescue package: Bloomberg

- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

Deals 26 Aug 2014

AT&T merges wireless and business units led by de la Vega

WASHINGTON - AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company's wireless segment, a spokesman for AT&T said on Tuesday.

Media 26 Aug 2014

TiVo beats estimates on strong subscriber growth

- Digital video recorder maker TiVo Inc reported better-than-expected quarterly profit and revenue due to strong growth in subscribers through cable TV partners such as Virgin Media in the UK, ONO in Spain and Com Hem AB in Sweden.

Media 26 Aug 2014

Telecom Italia to go ahead with bid for Vivendi's GVT

MILAN - Telecom Italia will make a bid valued at roughly 7 billion euros ($9.2 billion) for Vivendi's Brazilian broadband unit GVT , which would leave Vivendi with a 15 to 20 percent stake in the Italian group, said four people familiar with the matter.

26 Aug 2014

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