After a tumultuous week, SoftBank will release shares of its initial public offering (IPO) at about $13.25 a share (¥1,500) and raise an estimated $23.5 billion (¥2.65tn), according to a report from Financial Times. There was some worry about whether SoftBank, a Japanese mobile company,...
SQN Investors, a longtime Yelp shareholder, is gearing up to push for new board representation as the company suffers from missteps that have hurt shares of the business review service. The Wall Street Journal, citing a letter SQN Investors plans to send to the board of Yelp, says...
Altria Group, the maker of Marlboro cigarettes for the U.S. market, announced that it is acquiring 146.2 million newly-issued shares of Canadian cannabis company Cronos Group. The transaction represents a 45 percent equity stake in Cronos, at a price of CAD $16.25 per share, for...
The SoftBank Vision Fund inched closer to its $100 billion target thanks to billions of dollars in tech investments around the world. According to reports, in 2018 the SoftBank Vision Fund made investments in more than twenty deals to the tune of $21 billion. Meanwhile, according...
Is India proving a lure, once again, for the “Oracle of Omaha?” Reuters reported that the famed value investor’s favored investment vehicle, Berkshire Hathaway, is eyeing taking a 10 percent stake in India’s Kotak Mahindra Bank. The bank, which saw its shares surge double digits intraday...
Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. A large portion of the money — $75 million — was from KKR, a global investment firm. Other...
Google, in an unusual move, has invested in Japanese AI and machine learning company ABEJA during a follow-on funding round, according to a report. The deal is a strategic one, according to ABEJA. “Going forward, ABEJA and Google will collaborate on AI and ML solutions...
Startup Alto Pharmacy has raised $50 million in venture funding, reported TechCrunch. Citing Alto Pharmacy, TechCrunch reported that Greenoaks Capital, Zola Capital, and Jackson Square Ventures invested in the Series C round of fundraising. Alto Pharmacy is among a handful of online pharmacy startups that...
China’s venture capitalists have started to take an interest in foreign startups in an attempt to find the next tech unicorn. “China’s venture capital landscape is undergoing a shuffle,” Shanghai-based Wei Zhou, founder and CEO of XNode, said in an interview with Venture Beat, “which...
