Catherine Badour
A slew of major bets outside Canada by some of the country's top pension funds, banks, investment management firms and insurers propelled Canadian deal activity to its second-highest level ever in 2015, Reuters reported. Thomson Reuters data showed US$278.69 billion of activity involving Canadian entities in 2015, up 37 percent from a year ago, and lagging only a pre-crisis high hit in 2007.
Mobile payments company Square Inc, headed by Twitter Inc Chief Executive Jack Dorsey, said it expects its initial public offering to price at between $11 and $13 per share, raising up to $403.7 million. The company had initially set a fundraising target of $275 million when it filed for the offering on Oct. 14. Square said in […]
Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter.
Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, sister news service Reuters reported.
Zalora, an online fashion start-up in Southeast Asia, has raised $112 million (68 million pounds) in new capital from investors including billionaire Leonard Blavatnik's Access Industries and U.S. asset management firm Scopia Capital Management, Reuters reported.
Networking equipment company Cisco Systems is to buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy, writes Reuters. Cisco said the acquisition of Meraki, funded by Sequoia Capital and Google, is expected to close in the second quarter of Cisco's 2013 fiscal year and is subject to regulatory approval.
The UK business of Indian tour operator Cox & Kings will receive $137.75 million in funds from a Citigroup venture capital arm to help it reduce debt, writes Reuters. Prometheon Holdings will use the capital to retire debt that it raised when it bought British specialist travel company Holidaybreak last July. Reuters – The UK […]
Frenzied demand is expected to drive the price of Facebook shares well above their IPO price of $38 a share, which was already at the top end of the company's target of $34 to $38 per share.
VC firms that backed Groupon are getting great news Tuesday--a big pop for the daily deal site's stock, on better-than-expected Q1 numbers.
(Reuters) – The FBI is investigating the massive advisory fee involved in Olympus Corp.’s takeover of a British company, a person familiar with the probe said, in a deepening scandal that has wiped out more than half the company’s value. The British CEO who says he was fired for questioning the $687 million payment to […]