Given the similarities of Marketo’s business with Adobe’s cloud-based business, the cost synergies in the deal hit a sweet spot. Adobe Systems has agreed to acquire Marketo Inc from Vista Equity Partners Management, a private equity firm, for $4.75 billion. The acquisition will boost its cloud-based digital marketing business. Adobe is sharpening its focus on…
The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
The music streaming giant’s IPO is scheduled to hit the market either late this year or in early 2018. Ahead of its U.S. stock market listing, in a significant development Spotify has disclosed that it has renewed its global licensing partnership with Warner Music Inc. The development marks its last big music royalty deal ahead…
Global investors, including pension funds, are attracted to India’s burgeoning solar power market likes bees to honey. Some of the world’s biggest pension funds are increasingly drawn to India and are scouting for deals in green investments. Indian Prime Minister, Narendra Modi has set a target of $100 billion in investment in the next five…
Although JPMorgan has left the consortium, it has cleverly distributed its bet in the blockchain technology. It has joined the Enterprise Ethereum Alliance and is an investor in blockchain startups Digital Asset Holdings and Axoni. It is also a participant in the Hyperledger Project, a cross-industry group led by the Linux Foundation. JPMorgan Chase &…
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