Private Equity and Venture Capital Advisory firm SCAS Inc. announced today that Managing Partner Samir Chreim will join Boston-based EGNYT as CEO to launch a technology incubator in two countries. “The newly opened 2,500-sqft business incubator in Beirut will be followed by an identical facility in Cambridge, MA that is meant for enterprises focusing on […]
By some measures, Barnes & Noble’s retail business may be worth nothing as the overall company is valued at around $863 million and its total enterprise value is about $1.3 billion, according to S&P’s Capital IQ. In fact 2012, Microsoft and Pearson bought a 23 percent chunk of the Barnes & Noble’s Nook division at […]
Dropbox last round of funding around early 2012 was conducted at $250 million valuation. Therefore, it is likely that the company is moving towards flotation. Overall, the company has raised a total of $257 million to date. That said, Dropbox is cash-rich and profitably at the moment, perhaps enabling it ample flexibility on when it […]
After successful dealing, JPMorgan Chase bought an additional 4.7 percent stake in the London Metal Exchange from the insolvent brokerage MF Global, in a deal valued at $38.9 million. This is according to persons privileged with the information about the deal. JPMorgan Chase bought MF Global’s holdings in LME via an auction led by the […]
Global e-commerce and online payments platform eBay Inc. on Monday announced plans to acquire a New York start-up called Hunch Inc. This is according to a post published on Michael Arrington’s blog, Uncrunched.com. Michael is the brains and soul behind TechCrunch, a popular web publication. He is also a general partner at CrunchFund. EBay Inc. […]
LinkedIn investors and executives will be seeking to sell more than 6.7 million shares valued at around $500 million, only 5 months after its blockbuster IPO in May this year. This is according to a regulatory filing with the U.S. Securities and Exchange Commission. According to the filings, Bain Capital, LinkedIn’s top investor, will be […]
Tuesday this week, Nippon Metal Industry and Nisshin Steel announced plans to merge in a business deal that would form the second-biggest stainless steel mill in Japan. Both companies will have a market capitalization of $1.6 billion after the deal, expected to go down before 12th October, is completed. Nisshin already owns a 5 % […]
To facilitate the construction of an oil refinery plant, Sinochem Corp. plans to pile up around 35 billion in Yuan, a figure that stands at $5.5 billion at the current exchange rates. Sinochem’s IPO, if successful, will be China’s sixth biggest IPO this year. According to data posted on Ministry of Environmental Protection’s website, Sinochem […]
Delphi Automotive Plc will be seeking to raise as much as $578 million in its IPO. Persons with access to this knowledge say that the benefit will push the company’s worth to about $7.88 billion. Delphi Automotive was formerly under General Motors Co. According to a filing with the U.S. Securities and Exchange Commission, the […]
The review site, Yelp Inc., is said to have chosen heavyweights Goldman Sachs Group Inc and Citigroup Inc to lead its IPO come 2012. That is according to two persons familiar with the deal. The sources, however, pointed out that the San Francisco-based Yelp has not settled on the number of shares it will offer. […]
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