ByteDance acquires gaming studio Moonton at around $4 billion valuation
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. The deal values the gaming studio at around $4 billion, two sources told Reuters. The acquisition of the video games studio come as ByteDance, the owner […]
Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade
Canadian Pacific Railway Ltd agreed to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pick-up in trade. “This network uniquely provides a supply chain that allows our customers and our partners to actually benefit from that […]
Britain probes publisher Penguin’s $2.2 billion Simon & Schuster deal
Britain’s competition watchdog is investigating whether Penguin Random House’s $2.2 billion takeover of Simon & Schuster may hurt competition, amid concerns that the deal could disadvantage writers and damage the publishing industry. The deal is the second major move by Bertelsmann Chief Executive Thomas Rabe to expand the 185-year-old publisher after it took full control […]
Kempen European Private Equity Fund invests in French healthcare software company
The Kempen European Private Equity Fund, the private equity investment fund of Kempen Capital Management (Kempen), has acquired a direct interest in the new entity that will be created as a result of the merger between software companies Medisys and Cityzen The merger will form a major software supplier in France for the development of […]
KLAR Partners closes debut fund at EUR600m hard cap
KLAR Partners (KLAR) has held the final closing of its debut fund, KLAR Partners I (KLAR I), at its hard cap of EUR600 million The fund is one of the largest European first-time funds raised in the last 10 years and by far the largest raised during the Covid-19 pandemic. The Fund was significantly oversubscribed […]
PhoreMost closes GBP33m Series B financing
PhoreMost, a UK-based biopharmaceutical company dedicated to ‘Drugging the Undruggable’, disease targets, has completed an oversubscribed GBP33 million (USD46 million) Series B investment round The round was led by BGF, the UK’s most active growth economy investor, and included new investors XtalPi Inc, Astellas Venture Management, Trend Investment Group and o2h ventures. Existing investors Parkwalk […]
Refinitiv managers, Thomson Reuters Corp sell $1 billion in LSE voting shares
Thomson Reuters Corp and some members of Refinitiv’s management have sold 10.4 million voting shares in London Stock Exchange Group for roughly 745 million pounds ($1.04 billion), a joint bookrunner for the deal said on Friday. The sales come weeks after LSE completed its $27 billion purchase of data and analytics business Refinitiv. The major […]
Zenefits, Once Worth $4.5 Billion, Does Deal With Private-Equity Firm That Gives It Control
Zenefits, once worth $4.5 billion, has completed a financing deal with private-equity firm Francisco Partners that gives the investment firm control of the company, Forbes has learned. The effective acquisition, the exact dollar figure of which remained unclear, represents quite a comedown for the one-time highflier. Founded by Parker Conrad in 2013, the HR startup […]
Private equity-backed Alignment Healthcare aims for $3.56 billion valuation in U.S. IPO
Alignment Healthcare Inc, a healthcare platform backed by private equity firms Warburg Pincus and General Atlantic, said on Thursday it is aiming for a valuation of up to $3.56 billion in its initial public offering in the United States The company, founded in 2013, focuses on providing private insurance coverage to senior patients enrolled in […]
SecurityScorecard raises $180 million at nearly $1 billion valuation
Cybersecurity ratings firm SecurityScorecard has raised $180 million of fresh capital as part of a late-stage funding round led by investors such as Silver Lake Waterman, it said on Thursday The latest round values the company at close to $1 billion, according to a person familiar with the matter. It brings SecurityScorecard’s total funding to […]
