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Private Equity Firm Silver Lake Cashes In AMC Shares For A $113 Million Gain
Saturday, January 30, 2021 - 9:22am | 427Retail investors aren't the only ones seeing profits from the Reddit rally that has driven up the shares of GameStop Corp. (NYSE: GME), BlackBerry Ltd. (NYSE: BB) and Nokia Oy (NYSE: NOK). What Happened: Silver Lake cashed out its equity positions in AMC Entertainment...
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General Atlantic Can't Have Enough Of India's Reliance, To Invest Another $500M
Wednesday, September 30, 2020 - 4:21am | 498Equity firm General Atlantic on Tuesday disclosed it would invest close to $500 million (INR 36.75 billion) in Reliance Industries Ltd's retail venture. What Happened: On a fully diluted basis, General Atlantic’s investment will represent around 0.84% stake in Reliance...
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GoodRx Holdings IPO: What Investors Need To Know
Tuesday, September 22, 2020 - 4:00pm | 682Prescription pricing platform GoodRx Holdings will hit the public markets this week. The Filing: Good Rx Holdings (NASDAQ: GDRX) plans to sell 34.6 million shares in a pricing range of $24 to $28. At a pricing of $26, the company will be valued at around $10 billion based on over 384 million shares...
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Silver Lake Looks To Invest $1B In Indian Behemoth Reliance's Retail Arm: FT
Friday, September 4, 2020 - 2:25am | 302Silver Lake is looking to invest nearly $1 billion in Reliance Retail, a company owned by Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, at a valuation of $57 billion, the Financial Times reported Thursday. What Happened: The talks are taking place at a time when...
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Airbnb Gets $1B Investment From Silver Lake, Sixth Street Partners
Tuesday, April 7, 2020 - 12:05am | 426Home rental startup Airbnb announced Monday that it had raised $1 billion from private equity companies Silver Lake and Sixth Street Partners. What Happened The investment involves a combination of credit facility and equity, but the company didn't disclose further financial details...
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Thoma Bravo Expressed Interest In Buying Symantec, Cybersecurity Stocks Move Higher
Tuesday, November 6, 2018 - 2:11pm | 404Shares of American software company Symantec Corp. (NASDAQ: SYMC) were surging nearly 14 percent Tuesday on M&A talk. What Happened Private equity firm Thoma Bravo has expressed interest in acquiring Symantec, according to Reuters, which cited unnanmed sources. In September...
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Report: Buyout Firm Takes $500M Stake In Credit Karma
Wednesday, March 28, 2018 - 1:28pm | 321Credit Karma — a fintech platform that allows consumers access to check their credit scores and borrowing history and recommends financial products — has inked a deal with buyout shop Silver Lake Partners, The Wall Street Journal reported. What Happened Silver Lake will buy an...
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Symantec Purchases Security Startup That Planned To IPO Later This Year
Monday, June 13, 2016 - 3:29pm | 320Shares of Symantec Corporation (NASDAQ: SYMC) gained more than 5.8 percent on Monday trading after the company said it would acquire privately held cybersecurity company Blue Coat in a cash deal valued at $4.65 billion, as it continues its efforts to expand its enterprise security business. In...
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Symantec Surges As Activist Investor Is Building A Large Stake
Friday, February 5, 2016 - 10:46am | 264Shares of Symantec Corporation (NASDAQ: SYMC) were trading higher by nearly 10 percent ahead of Friday's opening bell after the company announced it has received a $500 million strategic investment by Silver Lake. In connection with Silver Lake's investment, the company's Board of...
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Twitter Up For Sale? Shares Spike Amid Report Marc Andreessen, Silver Lake 'Have Considered Some Sort Of Deal'
Monday, February 1, 2016 - 9:03am | 359Shares of Twitter Inc (NYSE: TWTR) were trading higher by 8 percent early Monday morning after The Information reported that it is "hard to overstate how important the next 10 days are" for the "Silicon Valley sensation turned soap opera company." According to The...
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SolarCity Receives $100 Million Investment, Shares Spike
Wednesday, November 18, 2015 - 2:54pm | 431Shares of SolarCity Corp (NASDAQ: SCTY) gained nearly 4 percent Wednesday morning after the company received a $100 million investment from the private equity firm Silver Lake Kraftwerk. However, SolarCity's stock has lost more than 50 percent over the past year. Silver Lake Kraftwerk's Managing...
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SolarWinds Gets Bought Out In A Perfect 'Home Run' Scenario
Wednesday, October 21, 2015 - 2:24pm | 337Shares of SolarWinds Inc (NYSE: SWI) surged higher by more than 15 percent on Wednesday. SolarWinds announced it has been acquired by Silver Lake Partners and Thoma Bravo for $60.10 per share. Daniel Ives of FBR commented in a note that the transaction is a "Murphy-like home run...
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A Non-Public Blackberry Would Likely Find Interesting Investors (BBRY)
Monday, August 12, 2013 - 9:16am | 507News has swirled of late that the BlackBerry (NASDAQ: BBRY)’s Board of Directors may be open to taking the public private and according to anonymous sources that spoke to Reuters, this might be the best option for the ailing company. The argument, in summation, is that although the company...
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Dell Waged a 'Get-out-the-Vote' Campaign Ahead of Wednesday's Annual Meeting
Wednesday, July 24, 2013 - 9:07am | 517Wednesday should—or might—be the day that Wall Street finally puts one of its most talked-about soap operas of 2013 to rest. At 6:00 pm EDT, Dell (NASDAQ: DELL) will hold its rescheduled annual shareholder meeting. Related: Michael Dell and Silver Lake Backtrack on Previous Remarks, Raise Bid...
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Dell Will be Taken Private by Michael Dell, Silver Lake for $13.65 per Share
Tuesday, February 5, 2013 - 10:29am | 117Computer manufacturer Dell (NASDAQ: DELL) will be taken private at $13.65 per share. Chairman, CEO and founder Michael Dell has partnered with private equity firm Silver Lake to to take the company private. Microsoft (NASDAQ: MSFT) will chip in $2 billion to complete the deal as a loan. Shares of...