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BZ Bites: Acorns Scraps SPAC, Raises Valuation To $1.9B In $300M Series F
Wednesday, March 9, 2022 - 5:20pm | 188Read More...Acorns announced Wednesday a $300 million Series F that boosted its valuation to $1.9 billion. The development comes as the company scrapped its intent to go public in light of recent market volatility. “The markets got very volatile,” Acorns CEO Noah Kerner said. “The concerns we...
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Fintech Focus For February 11, 2021
Wednesday, February 10, 2021 - 8:07pm | 2014Read More...Quote To Start The Day: “Gamification is controversial; in some ways, it’s a good thing because you’re lowering the barrier to entry, and making people more motivated to participate in something that’s perceived as a game.” “But, it can be dangerous. If you...
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Yoga Chain, Pet Supply Manufacturer To Launch IPOs This Week
Monday, July 17, 2017 - 12:09pm | 372Read More...Following a number of real estate investment trusts, tech companies and pharmaceuticals, six companies are set to join the public markets this week. Calyxt, Inc. (CLXT) will issue more than 6 million shares between $15 and $18 Thursday on the Nasdaq. Through its gene-editing technology, the...
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This Circus Tent Just Got Bigger: Cirque Du Soleil Acquires Blue Man Group
Thursday, July 6, 2017 - 3:05pm | 472Read More...Cirque du Soleil will soon offer much more than a circus show. In a move meant to expand its audience pool, Cirque du Soleil acquired New York-based Blue Man Productions. The Blue Man Group show has been performed in over 20 countries and has been seen by over 35 million people since 1991. "We...
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Analyst: Etsy Could Make Sense For eBay, But Sale Over Near Term Is Unlikely
Wednesday, May 17, 2017 - 9:26am | 337Read More...Activist investors TPG and Dragoneer submitted a 13D filing indicating they collectively own 8 percent of Etsy, Inc. (NASDAQ: ETSY). Earlier this month, Black-And-White Capital LP claimed 2 percent of shares outstanding. There are indications that the investors will push the company to explore a...
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LifeLock's Stock Rallied 8% Amid Takeover Report; Canaccord Still A Buyer Of Shares
Monday, November 14, 2016 - 11:55am | 594Read More...Canaccord remains bullish on Lifelock Inc (NYSE: LOCK) not only for its rumored takeover reports, but also for the solid fundamental backdrop of the identity theft protection company. The Appeal Of Going Private Bloomberg reported that LifeLock is in talks with several parties about being taken...
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Verizon Reportedly Bids $3 Billion For Yahoo's Core Internet Assets
Tuesday, June 7, 2016 - 7:26am | 343Read More...Yahoo! Inc. (NASDAQ: YHOO) is expected to receive a bid for its internet properties from Verizon Communications Inc. (NYSE: VZ), but it may not necessarily be pleased with the offer. The Wall Street Journal, citing "a person familiar with the matter," reported late Monday evening that...
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Report: Valeant Rejected A Takeover Offer Prior To Hiring Papa As CEO
Friday, May 27, 2016 - 9:39am | 251Read More...The Wall Street Journal reported late Thursday afternoon that prior to hiring Joseph Papa as CEO, Valeant Pharmaceuticals Intl Inc (NYSE: VRX) received an acquisition proposal from Japan's Takeda Pharmaceutical and private equity firm TPG. The Wall Street Journal, citing "people familiar with the...
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Verizon, TPG, YP Holdings All Want Yahoo; Company Warns Of Search Engine Revenue Drop
Tuesday, April 19, 2016 - 9:38am | 309Read More...According to a report by Bloomberg, Yahoo! Inc. (NASDAQ: YHOO) is likely talking with just three players to sell its Internet assets. Bloomberg, citing "people familiar with the matter," stated that Verizon Communications Inc. (NYSE: VZ) is battling with the private equity firm TPG and the digital...
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Dragoneer, Other Investors Back Spotify With $1 Billion Debt Deal
Wednesday, March 30, 2016 - 7:44am | 343Read More...Spotify, the popular music-streaming site, tapped private equity firm TPG, hedge fund Dragoneer Investment Group and clients of Goldman Sachs Group to raise $1 billion, The Wall Street Journal reported after Tuesday's market close. Spotify's $1 billion in convertible debt was the...
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Leonard Green And TPG To Purchase Life Time Fitness
Monday, March 16, 2015 - 8:58am | 191Read More...Life Time Fitness, Inc. (NYSE: LTM) announced on Monday that Leonard Green & Partners LP and TPG will acquire the gym operator for approximately $4 billion. Under terms of the agreement, investors will acquire all of the outstanding shares of Lifetime Fitness common stock for $72.10 per share...
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Barron's Recap: The Tech Bust
Monday, April 14, 2014 - 6:35am | 873Read More...This weekend in Barron's online: why the tech bust should be no surprise, a special report on retirement, as well as the prospects for Caesars Entertainment, Lands' End, 3D printers and more. Cover Story "The Highfliers Are Still Too High" by Andrew Bary. Though Internet and biotech stocks are...
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Bump In J. Crew Deal? (JCG)
Monday, February 28, 2011 - 11:56am | 444Read More...Playing the merger arbitrage game with J. Crew Group Inc. (NYSE: JCG) may reap shareholders additional benefits, writes Bloomberg. The clothing company, which agreed to go private months ago at $43.50 per share in cash, is concerned shareholders may reject its $3 billion buyout. In response to...
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TPG and Leonard Green Interested In Las Vegas Palms
Thursday, January 6, 2011 - 11:34am | 50Read More...Bloomberg is reporting that TPG and Leonard Green are said to be in talks for a controlling stake in Las Vegas Palms casino. Though not a huge amount of money is at stake, TPG and Leonard Greenare are intrigued by the prestige of being involved with a notable palms casino.
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Put Position Rolled Lower in RadioShack (RSH)
Tuesday, July 20, 2010 - 10:26am | 168Read More...Shares of RadioShack Corp. (NYSE: RSH) are lower on the session by 8.80%, currently trading at $19.57. The stock is shedding its take-over premium this morning on news that the company may not receive a bid from private equity firm TPG. Options traders are rolling a put position in the name this...
