• Apple acquired Texture, an app billed as "Netflix for digital magazines."

• Auto-parts giant Magna is investing $200 million in ride-hailing company Lyft, and is partnering with Lyft to develop self-driving vehicles.

• Casa Verde Capital, a venture fund co-founded by hip-hop's Snoop Dogg, closed its debut fund at $45 million.

Here's a round-up of the most important deals in venture capital from the past week.

Exits

Apple is acquiring Next Issue Media , makers of the online magazine subscription service Texture, the companies announced Monday. Next Issue Media had raised $50 million in growth funding from KKR previously. The company was started and owned by Condé Nast, Hearst, Meredith, News Corp., Rogers Communications, and Time Inc. Apple AAPL didn't say how much it would pay for the app which gives users digital access to 200 magazines for one monthly fee. The deal could help Apple compete with Facebook and Google, who have been criticized for the way that their services present news content to users.

L'oreal is acquiring a digital beauty start-up, ModiFace. Terms of the deal were not disclosed. ModiFace technology has been used for "AR mirrors" in Sephora stores that allow customers to try on different styles before they go on to sample or buy any cosmetics. Toronto-based ModiFace had raised seed funding of C$3.8 million prior to the deal.

Start-ups

Chinese bike-sharing company Ofo raised a venture debt and equity round that amounted to $866 million in total this week. Alibaba, its affiliate Ant Financial, and Chinese venture capital firms including Haofeng Group, Tianhe Capital and Junli Capital participated in the round. An earlier Ofo investor, the ride-hailing giant Didi Chuxing, has integrated Ofo into its own bike-sharing app so that Didi users can find and rent a bike from Ofo's supply if they want. Ofo claims 200 million users globally and is operating in 250 cities in 21 countries, Reuters reported.

Lyft announced on Wednesday that it has raised $200 million in growth funding from auto-parts supplier Magna. According to a joint statement , Lyft and Magna also entered into "a multi-year collaboration in which the companies will jointly fund, develop, and manufacture self-driving systems." Lyft and Uber are in a race to make safe, driverless cars and services available to their customers.

Tencent 700-HK led a $100 million investment in a news aggregator called Qutoutiao , a name which translates to "fun headlines" in English. Earlier investors also participated in the round including: Redpoint China Ventures, Chengwei Capital and China Media Capital, according to China Money Network. The start-up competes with Toutiao, a news app made by Beijing-based ByteDance.