Barely 3 months after raising $8million in venture capital from New York private equity and hedge fund Tiger Global Management, Iroko Partners, the world’s largest online distributor of Nigerian movies, has just closed on a $2 million round of funding from Swedish-based Kinnevik, an early investor in group buying site Groupon.
read »
It was a whirlwind Monday for longtime Googler Marissa Mayer. The 37-year-old resigned by phone from her post as head of Local, Maps, and Location Services for Google, was publicly named the new chief of Yahoo—starting the very next day—and announced that she is six months pregnant. It’s a boy.
read »
See photos
FORBES asked a handful of industry insiders whom they'd call first. Here are few of the more interesting options.
read »
Just hours after Marissa Mayer was named the new CEO of Yahoo, a thread appeared on Reddit calling the 37-year-old executive the “hottest CEO ever,” and the more than 1,500 responses from the web community have been mixed.
read »
The Macau government has granted Las Vegas Sands an extension to complete a new resort development called Parcel 3. The company requested this second extension because it wasn’t going to meet the April 2013 deadline, and may see yet another extension given the slowing growth of the gambling industry. The development is now scheduled to be completed by April 17, 2016.
read »
Controversy over U.S. Olympians’ uniforms that were manufactured in China hasn’t scared off Ralph Lauren’s investors, as the preppy clothing mogul saw his fortune increase by $30 million in a slow day of trading Monday.
read »