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Paypal has announced that it has launched its new service to buy, hold and sell cryptocurrency in United Kingdom . The company marks its first international expansion of PayPal’s cryptocurrency service beyond the U.S. Customers can choose from four types of cryptocurrencies—Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By accessing their PayPal account via the website […]
The investment company BlackRock to invest $400M in mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala). The BlackRock-led investment was made into a portfolio of assets currently managed by Mubadala Capital, in addition to a $400 million commitment into Mubadala Capital’s third private equity fund (Fund III). The partnership between BlackRock and […]
The Fintech digital platform Nextpay announced a increase of $1.6 million in seed funding round Singapore-based venture capitalist Golden Gate Ventures and Gentree Fund led the oversubscribed seed financing round. Golden Gate Ventures has interests in digital leaders such as Omise, Codapay, BukuWarung, Stripe, and Xendit, while Gentree Fund is a private investment vehicle of […]
The battery cell manufacturer SK Innovation to split its battery and petroleum divisions into two new entities to improve its growth. In a press release SK Group company said the envisioned SK Battery will focus on midsized and large electric vehicle batteries, battery metal recycling, battery rental service and energy storage systems businesses. The other […]
The soft drink manufacturer PepsiCo has announced to sell its juice brands to PAI Partners for $3.3 billion. The Juice brands include Tropicana, Naked and other select brands across North America, the deal with French private equity firm PAI Partners will net pretax cash proceeds of $3.3 billion for Pepsi. The Chairman and Cheif Executive […]
The energy company SSE has agreed to sell its stake in gas distribution operator Scotia Gas Networks Ltd for £1.225 billion. SSE had initially acquired a 50% equity share in Scotia Gas Networks in 2005 for a total of £505m, before selling a 16.7% stake to a wholly owned subsidiary of the Abu Dhabi Investment […]
The American financial services Square plans to acquire all of the issued shares in Australia’s Afterpay for $29 billion. The acquisition will help in enabling the Square Inc And Afterpay to deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The ‘buy now, […]
The tech giant Tencent agrees to buy video game maker Sumo Group for $1.27 billion. The Chinese firm is offering around 513 pence per share for Sumo, a 43% premium to the British company’s previous close. On a fully diluted basis, the offer values Sumo at about 919 million pounds ($1.26 billion). Tencent already owns […]
The start-up battery company Enovix began its trading after SPAC merger with special purpose acquisition company Rodgers Silicon Valley Acquisition Corp. After opening the shares in wall street the company announced its merger with the company. Enovix has plans to go essentially zero revenue tin 2021 to $11 million 2022, and then into the mid-$100 […]
India’s Food service platform Zomato has gone on sale in its $1.2bn (£870m) initial public offering (IPO). The food delivery app has subscribed 1.26 times on July 15 by far, the second day of bidding. The offer has received bids almost around 90.57 crore equity shares against IPO size of 71.92 crore equity shares, the […]
The financial services corporation Visa has announced that it has signed a agreement to acquire Swedish Banking Platform Tink. Tink is a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay […]
Abu Dhabi’s Mubadala Health acquires a major stake in UEmedical (United Eastern Medical services) from United Eastern Group (UEG) and Jadwa Investment. Through this acquisition, Mubadala Health adds the HealthPlus Network of Specialty Centers; Danat Al Emarat Hospital for Women & Children; HealthPlus Fertility, Moorfields Eye Hospital Abu Dhabi; the largest IVF provider in the […]
