Blackstone Group (BX.N) has pulled out of discussions to buy part of Israeli mobile surveillance software maker NSO Group, sources told Reuters.
2 min read · 15 August 2017
Turkven, one of Turkey's leading venture capital firms, is planning an initial public offering (IPO) or block sale of its majority stake in the Medical Park hospital group, sources told Reuters.
1 min read · 15 August 2017
Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force Kalanick off the board and rescind his ability to fill three board seats, Reuters reported.
2 min read · 15 August 2017
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, Reuters reported.
2 min read · 15 August 2017
A unit of China's Fosun Group and Shanghai Pharmaceuticals Holding Co (601607.SS) are among bidders for a stake in U.S. specialty drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday.
2 min read · 14 August 2017
Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader, Reuters reported.
3 min read · 14 August 2017
Husky Injection Molding Systems Ltd, a Canadian supplier of injection molding equipment to the global plastics industry, has hired investment bank Goldman Sachs Group Inc to explore a sale that it hopes could value it at close to $4 billion, including debt, Reuters reported.
1 min read · 14 August 2017
The United States is lagging behind Canada in the race to attract capital for infrastructure projects despite launching a charm offensive to global investors and reaching out to officials north-of-the-border for advice, Reuters reported, quoting a top Canadian investor. Bjarne Graven Larsen, chief investment officer at Ontario Teachers' Pension Plan, said Canada has an advantage in already being home to a number of the world's biggest infrastructure investors and having an established track record in utilizing public and private funding to build infrastructure. Canada is setting up an infrastructure bank to facilitate private investment in projects such as new roads, bridges and tunnels. It plans to attract $4 to $5 for every $1 of public funding for projects.
3 min read · 11 August 2017
Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, Reuters reported citing a lawsuit.
4 min read · 11 August 2017
British insurance entrepreneur Clive Cowdery is raising money for a fourth investment vehicle, at the same time as his third, U.S.-focused fund is being wound down and its sole asset put up for sale, sources told Reuters.
3 min read · 11 August 2017
