Spotify Expected to Seek $500 Million in Financing Before Going Public
Music streaming service Spotify has hired Goldman Sachs for a new round of financing in an effort to raise about $500 million and boost the startup’s value to as much as $8 billion, according to anonymous More...
Uber Expands Overflowing War Chest with $1.6 Billion in Financing
Popular ride-sharing startup Uber has attracted $1.6 billion in financing from clients of Goldman Sachs’s private wealth arm, the investment bank said, according to the New York Times. The new round of More...
Mobileye Announces Second IPO
Israel’s Mobileye N.V., a global designer and developer of camera-based Advanced Driver Assistance Systems, announced that it has filed a registration statement for a secondary public offering. The offering More...
Genetic Testing Firm 23andMe to Provide DNA Data for Treatment of Diseases
23andMe Inc., a genetic-testing startup backed by Google, is sharing DNA data on about 650, 000 individuals with Pfizer to help find new targets to treat disease and to design clinical trials, Bloomberg More...
Israel’s Ceragon Networks Faces Class Action Suit
Israel’s Ceragon Networks Ltd., a wireless hauling specialist, was served with a motion to approve a class action suit which names the Company, its Chief Executive Officer and its directors as defendants. More...
Harry Sloan and Jeff Sagansky Invest in Indian Pay TV
Hollywood executives Harry Sloan and Jeff Sagansky have acquired a 33.5% stake worth $303.7 million in Videocon, a leading pay TV service in India, as reported by Variety. The funds were raised in More...
Chase Coleman Buys Large Stake in On Deck Capital
Chase Coleman revealed a sizeable stake in recent IPO On Deck Capital, which makes loans of around $250, 000 to small businesses, as reported by Gurufocus. Coleman owns a 9.2% stake in On Deck, More...
Danny Meyer’s Shake Shack to Serve IPO Feast to Investors
– Shake Shack Inc. is going public and may be worth as much as $1 billion — not bad considering New York restaurateur Danny Meyer started the joint as a public service, Bloomberg said. Founded More...
Uber in talks to sell over $1 billion in convertible debt: source
– Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest More...
GoDaddy aims to list next year, seeks $4.5 billion valuation: NY Post
– GoDaddy Inc is planning an initial public offering early next year that would value the world’s biggest provider of web addresses at roughly $4.5 billion, the New York Post said. GoDaddy, More...