By Tomas S. Noda III
The deal includes capital investment and purchased shares of about $13.2m, including a pledge to inject an additional $6.6m in case of further business development needs.
Bank of America Corp is hiring a new team of investment bankers who cater to mid-sized companies, four years after dismantling a similar business, three people familiar with the matter told Reuters.
Citi plans to focus on clients like PE funds, SWFs, hedge funds and other alternative asset managers
Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday.
Amazon, which relies on carriers like United Parcel Service Inc and FedEx Corp to deliver most of its packages, spent $11.5 billion on shipping last year.
The deal would also free up capital for Deutsche Boerse, which has said it plans to merge with the London Stock Exchange Group Plc to create a European trading powerhouse that could better compete against U.S. rivals.
This move follows a $2.2 million fundraising last year, led by Global Brain (GB) with participation from Nippon Technology Venture Partners (NTVP) and Lead Capital Management (LCM).
The deal comes nearly three years after photo and video messaging app Snapchat had rejected an offer from Facebook.
The number of deals rose to 653 in 2015, from 586 signalling an increasing interest in fintech
Japan’s Canon Inc is set to buy Toshiba Corp‘s medical equipment unit for 700 billion yen ($6.2 billion), beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday. The conglomerate put Toshiba Medical Systems Corp on the block to help fund restructuring after… Read more »
SoftBank Group Corp plans to separate its domestic and overseas businesses and give them their own chief executives in its latest move to bolster shareholder value after a record $4.4 billion share buyback plan a month ago.