Morning business news round-up for June 3, 2014

Sovereign wealth fund GIC has tied up with private equity firm Insight Venture Partners to buy iParadigms, which provides cloud-based educational technologies to prevent plagiarism, verify content, and evaluate student learning. -- PHOTO: BLOOMBERG&n
Sovereign wealth fund GIC has tied up with private equity firm Insight Venture Partners to buy iParadigms, which provides cloud-based educational technologies to prevent plagiarism, verify content, and evaluate student learning. -- PHOTO: BLOOMBERG 

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. GIC and partner buy US educational technologies provider. The sovereign wealth fund and Insight Venture Partners will pay US$752 million (S$944 million) for California-headquartered iParadigms.

2. Singapore's YuuZoo eyes listing via reverse takeover of W Corp. YuuZoo, an e-commerce firm run by the former Asia head of Finnish technology company Nokia, plans to go public through the $490.9 million reverse takeover.

3. Straits Trading sells mining firms, units in Far East Hospitality Trust. It received $42.7 million from the sale of the stake in Far East Hospitality Trust and intends to use these proceeds for other investments.