×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Texas Pacific Group, Merrill, Morgan Stanley others invest $60 million in Yazam

Published on .

Texas Pacific Group, Merrill Lynch & Co., Morgan Stanley Dean Witter & Co., and seven other companies have made a $60 million investment in Yazam, a New York-based technology venture capital firm. Yazam will use the funding to expand its investment portfolio from 21 to as many as 80 companies by the end of the year. It will also open offices in San Francisco, London and Tokyo. The corporate investors include: Texas Pacific Group, Fort Worth, Texas; Merrill Lynch & Co., New York; Morgan Stanley Dean Witter & Co., New York; J.P. Morgan & Co., New York; Apax Partners, London; China Development Industrial Bank, Taipei, Taiwan; Itochu International, Tokyo; Microdent, Jerusalem; Bank Hapoalim, Jerusalem; and Carlyle Internet Partners Europe, London. High-profile individual investors, including Charles Schwab & Co. CEO and founder Charles Schwab, and former AOL UK CEO Jonathan Bulkley, also contributed to the investment.
Most Popular
In this article: