China car services firm Tuhu raises $100 million from Joy Capital, Welkin

Tuhu, a Chinese online platform for automobile services and products, said on Tuesday it raised about $100 million from a group of investors including venture capital firm Joy Capital, looking to expand its distribution network and warehouses. Joy Capital, whose founders include the former head of telecommunications investments at Legend Capital, led the funding round, Tuhu Founder and Chief Executive Min Chen said. Other investors included private equity firm Welkin, leasing company Far East Horizon Ltd and existing Tuhu investors such as Legend Capital and Qiming Venture Partners.

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Airbnb hires Blackstone CFO Tosi: Bloomberg

The San Francisco-based company, one of Silicon Valley's most successful start-ups since it was founded five years ago by a trio of graduates, has so far snubbed an initial public offering in favor of ever-larger private fundraising rounds. Tosi's appointment, however, would better position the company to go public.

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Informatica to go private in $5.3 billion leveraged buyout

By Devika Krishna Kumar and Greg Roumeliotis (Reuters) – Business software maker Informatica Corp said it would be bought for about $5.3 billion by private equity firms Permira Funds and Canada Pension Plan Investment Board (CPPIB), in the biggest U.S. leveraged buyout so far this year. Informatica shareholders will get $48.75 per share in cash

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Apollo to pay more on Presidio amid reputational, credit questions

By Lisa Lee, Mike Stone and Mariana Santibanez NEW YORK (Reuters) – (This story filed on January 22, 2015 has been refiled to clarify proposed creditor terms of the Caesars bankruptcy and related quotation) The term debt financing backing Apollo Global Management LLC's [APOLO.UL] buyout of information technology services provider Presidio Inc is facing pushback from loan investors wary of an unpopular sponsor, the deal's high leverage and issues related to the credit itself. To entice investors wary of Presidio's lack of hard assets, high leverage and business model, lead arranger Credit Suisse this week made some adjustments to the credit, sources said

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Davos bosses fret over threats to Internet free trade

The issue is a hot topic at this year's World Economic Forum in Davos, and the forum is seeking to provide a platform for debate over ways to maintain an open, cross-border Web in the face of pressures for national regulation. Quite frankly, there is a temptation,” said Vittorio Colao, chief executive of mobile telecoms group Vodafone, who pointed to different regulatory regimes as an impediment to network traffic. A 2014 report by the Boston Consulting Group estimated the Internet economy will be worth $4.2 trillion in the major Group of 20 (G20) economies by 2016 and, if it were a country, it would rank among the top five in the world, ahead of Germany

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