Accel Gets Share of $1.15 Billion Payout on AdMob, Playfish

Accel Gets Share of $1.15 Billion Payout on AdMob, PlayfishBloombergAccel was part of another round of $15.7 million with Menlo Park, California-based Sequoia Capital in October 2008. AdMob raised a total of $47.2 million. ...and more »

News Roundup: Morgan Stanley May Invest $300M In Asian Infra

Hindalco Starts Road Show For Rs 2,900Cr QIP - Hindalco Industries, India’s largest aluminium maker, plans to raise about Rs 2,900 crore in the next three to four weeks. They have started road shows in India for the proposed QIP. It also plans to roll out the road shows in the US, UK, Hong Kong and Singapore. In July, Hindalco had announced plans to raise Rs 2,400 crore through QIP. However, the issue could not take place due to the volatility in the stock markets. The company has a Rs 23,000-crore capital expenditure plan for the next three years.  (Business Standard) Coffee Day Holdings To Raise $100-$150M PE - Coffee Day Group, the Bangalore-based company which runs coffee retail chain Cafe Coffee Day, is set to finalise a private equity deal of $100-$150 million. The company is in talks with 4-5 large private equity funds and the deal is expected to be finalised in the next two months. It has earmarked an investment of about Rs 1,700 crore to expand its businesses over the next 3-4 years. (BS) Turner & Townsend Looks For Acquisitions - UK-based Turner and Townsend, a global project and cost management consultancy, is scouting for acquisitions in India. The company, which has been operational for the last 18 months and have a strategic alliance with a domestic firm to outsource manpower and assist in local projects, plans to acquire suitable companies to scale up operations. It also wants to partner with leading domestic companies to tap the potential in infrastructure development. (BS) Google Acquires Admob For $750M - Internet giant Google Inc is acquiring Admob, one of the largest mobile advertising networks, for $750 million. Admod has raised $47.2 million in venture capital funding from Sequoia Capital, Accel Partners, Draper Fisher Jurvetson, among others. The firms annual revenues are between at $45 million to $60 million, but Google sees mobile as one of the biggest opportunities, say analysts. (Reuters) Morgan Stanley May Invest $300M In Asian Infra -  Global investment management firm Morgan Stanley is close to investing $200-300 million in the RV Shahi-headed Asian Infrastructure Pte, that acquires and develops power assets in various countries including India. This is believed to be the second largest private equity deal in the sector after the $395 million investment in Indiabulls Power by Farallon Capital and LN Mittal India Internet Ventures. Both Morgan Stanley and Asian Infrastructure have completed the due diligence process and are likely to close the deal soon, which will see Morgan Stanley pick up equity stake in the Singapore-headquartered Asian Infrastructure. (ET) EA Acquires Playfish - In a bid to expand its presence in social gaming space, Electronic Arts Inc. has acquired two-year-old Playfish for at least $275 million. Playfish has raised $21 million in venture capital funding from Index Ventures and Accel Partners. The deal includes another $25 million in equity retention arrangements and $100 million in performance based incentives. (Reuters)  

News Digest: S-Tel, Indian Army, Aircel, GTL Infra, Tata-Quippo, Bharti Infratel, Ambika Soni

S-Tel To Roll Out New telecom operator S-Tel, which has licences in six circles -Bihar, Orissa, Jammu and Kashmir, Himachal Pradesh, Assam and the Northeast is readying for rollout, and looking to raise Rs. 2000 crore to be used over the next 2-3 years. While the promoters have brought in the equity capital of Rs 1,253 crore, the [...]

Google To Buy AdMob For $750M; The Display Play; In India

Mobile is becoming a significant play for Google, and as the Android juggernaut conquers the world, Google has put the monetization piece into play with the acquisition of mobile advertising network AdMob for $750 million; Google has been on the lookout for both big and small acquisitions, and this appears to be the first big one. The [...]

Web Designer – Prism Marketing – Dhubai, UP

Apply Experience: 2 - 5 Years Location: Dubai... web builds and cutting edge online advertising, pushing the limits of what can be done with Flash web 2.0... From Naukri.com - 10 Nov 2009 00:23:31 GMT - save job, email, more...

Sr. PHP Developer – Cakephp, Jquery, CSS, MySQL – Expert – Letsfixthis Llc – India

and communities - Web 2.0 Desired Candidate Profile... php, jquery, javascript, mysql, css, xhtml, web 2.0, applications developer, programmer Quick Apply... From Naukri.com - 10 Nov 2009 00:21:52 GMT - save job, email, more...

Web Programmer – Ubisoft Entertainment India – Pune, MH

of Web applications using Web 2.0 •Create various... Mentioned Keywords: Flash / PHP, Web applications using Web 2.0, Applications client- server Quick Apply... From Naukri.com - 09 Nov 2009 23:51:23 GMT - save job, email, more...

Website Designer – (Koramangala, Bangalore) – ClickConvert Digital Ltd – Bangalore, KA

web application development environment * Minimum 2... HTML, Web Forms, Basic Scripting, Photoshop, Corel Draw, Table less Designs, Web 2.0 CSS etc). * Able to... From Naukri.com - 09 Nov 2009 23:46:06 GMT - save job, email, more...

Solution Architect Call Gagan At 9873197162 – Infopro Corporation – Noida, UP

Technology stack : JDK 1.6, Core-Java, J2EE, Web 2.0 awareness, AJAX. MVC frameworks like Struts/Spring... 1.6, Core - Java, J2EE, Web 2.0 awareness, AJAX, MVC... From Naukri.com - 09 Nov 2009 23:42:32 GMT - save job, email, more...

Cognos Developer – HighPoints Technologies – Hyderabad, AP

Apply HighPoints Learning Inc. (HPL) is a Web 2.0 company specializing in providing web-based content and... Description: - Must have 2.5+yrs of experience in... From Naukri.com - 09 Nov 2009 17:22:39 GMT - save job, email, more...