The deal is likely to be finalized on Monday, however, it could draw scrutiny from the Pentagon given the vertical integration related issues with weapon systems developed by Northrop Grumman and Orbital ATK. As per a source familiar with the… Read More ›
valuation
Blackstone Group prepares IPO for Gates Global
The IPO could see Gates being valued at more than $7 billion, including debt. Sources familiar with the matter at hand have disclosed, Blackstone Group LP is exploring an IPO for Gates Global LLC. The development comes three years after… Read More ›
Pinterest raises $150 million in latest funding round which valued the company at $12.3 billion
The latest funding round saw the company’s valuation rise by $1 billion. On Tuesday, Pinterest’s spokeswoman disclosed that the visual search technology company has raised $150 million in its latest funding round from existing investors. Pinterest is now valued at… Read More ›
Softbank’s tech fund mulling investment of $1 billion plus into WeWork
WeWork had also held discussions regarding investments from Uber Technologies. Discussions with Softbank are on-going and there is no certainty that it will result in a deal. The Wall Street Journal has reported citing sources familiar with the matter at… Read More ›
Boehringer Ingelheim and Sanofi agrees to divesture proposals to streamline their deal
Without this divesture, there is likely to be reduced competition among vaccine manufacturers in the U.S. and EU. The divesture is key to their $13.5 billion deal. So as to streamline Boehringer Ingelheim acquisition of Sanofi, the German pharmaceutical maker… Read More ›
Disney values MLB Advanced Media at $3.5 billion, set to buy 33% stake in it
MLB Advanced Media is the video arm of Major League Basketball. Bloomberg has reported citing a source who is familiar with the matter at hand that Walt Disney Co. is set to buy a 33% stake in MLB Advanced Media,… Read More ›