peHUB Second Opinion
In Second Opinion, Alibaba plans to raise as much as $8 bln with a U.S. bond sale, bank branches are slowly fading away, Facebook cuts its privacy policy to 2,700 words and Reddit CEO Yishan Wong resigns.
In Second Opinion, Alibaba plans to raise as much as $8 bln with a U.S. bond sale, bank branches are slowly fading away, Facebook cuts its privacy policy to 2,700 words and Reddit CEO Yishan Wong resigns.
Churchill Downs, which owns the Kentucky Derby, has agreed to acquire Seattle-based mobile and online games producer Big Fish Games for up to $885 million.
Unshackled on Thursday unveiled a small angel fund with a big mission: Support foreign-born entrepreneurs interested in starting their own companies in the United States.
Buyout group Lindsay Goldberg has put German packaging company Weener Plastik up for sale and could attract a price of around 400 million euros ($500 million).
First Read delivers news that Hasbro is in talks to buy Dreamworks Animation, Goldman Sachs promotes 78 employees to partner and Google helps students in Bangladesh learn about the internet.
In Second Opinion, Handy faces a class action lawsuit, Goldman picks 78 employees to become partners, Will Farrell’s Funny or Die hires Moelis & Co. to seek a buyer, and most Americans think they have lost control over their personal information.
Private company deal pricing appears to be adjusting lower after exuberance earlier this year led venture valuations to striking heights.
The Illinois State Board of Investment will review each of its investment managers to determine if they properly disclosed political donations to Governor-elect and former GTCR chairman Bruce Rauner and other state officials.
W Capital Partners, one of some 45 private equity firms to host a table at ACG New York’s packed wine-tasting event Monday evening in New York City, raised the bar on promotional acuity in its selection of bottles to serve. The wines echo the kind of investing it does.
CenterOak Partners, formed by several senior executives from Brazos Private Equity Partners, has been talking to potential investors about its first fund.
First Read starts your hump day with news about watchdogs fining big banks $3.3 bln in foreign exchange probe, Yahoo buying BrightRoll for $640 mln and Google is leasing a NASA airbase for robots, planes and space exploration.
German telecom firm Deutsche Telekom is planning on launching in early 2015 a fund targeting 500 million euros (about $621 million).
HarbourVest Partners appears to be the last bidder interested in buying CalPERS’ stake in a healthcare fund run by a former Bush Administration official.
On this Veterans Day, First Read reveals President Obama is urging the FCC to adopt net neutrality, Deutsche Telekom has launched a $620 mln fund for German startups and an oil tycoon is ordered to pay $1 bln in a divorce settlement, making it possibly the most expensive ever.
CalSTRS sees gains from OrbiMed, Sofinnova, Shasta and GGV.
Vista Equity Partners has worked in an unusual clause in its contracts with private equity fund investors that gives it more financing flexibility and a leg up in leveraged buyouts, but also carries more risks for it and its investors.
Wynnchurch Capital has flown through fundraising on its latest investment vehicle.
Venture capitalists showed increasing caution during the third quarter with median deal valuations falling across most investment stages, a report from the law firm Cooley shows.