According to a report from Bloomberg citing sources with knowledge of the matter at hand, property technology startup Opendoor, is holding advanced talks to go public through a merger with blank-check company Social Capital Hedosophia Holdings Corp. The report states, Social Capital is negotiating with prospective investors to raise fresh equity to help fund its…
On Monday, in a statement Roche said, it has entered into a $1.15 billion licensing deal with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United States. Roche will be making an upfront payment of $750 million in cash and $400 million…
To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
HNA Technology Co Ltd has reported the same in a filing to the Shanghai stock exchange albeit without disclosing the name of the buyer. On Monday, as per China’s HNA Technology Co Ltd’s filing to the Shanghai stock exchange, it is holding preliminary talks with a concerted party to sell U.S. electronics distributor Ingram Micro…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
Verifone Systems is a point-of-sale device maker. The development comes midst an increase in consumer spending vide credit cards. Francisco Partners will take Verifone Systems Inc, a payments technology firm, private for $2.58 billion in cash. With the news reaching the market, shares of Verifone Systems, which makes point-of-sale payment devices, surged by 52% in…
Tesla stated that its Chief Executive’s pay, including salary, cash bonuses is tied to the firm’s operational milestones. On Tuesday, Tesla Inc stated that the renumeration of its CEO, Elon Musk will be paid if the firm and its shareholders do extraordinarily well. Musk’s compensation will be based on a combination of market capitalization and…
business-gurus.com 