cash
- Technology
Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture…
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A bankruptcy attorney says FTX has recovered $5B+ in cash, crypto, and securities, not including $425M held by the Bahamas or "illiquid cryptocurrency tokens" (Nikhilesh De/CoinDesk)
Nikhilesh De / CoinDesk: A bankruptcy attorney says FTX has recovered $5B+ in cash, crypto, and securities, not including $425M…
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Vista Equity Partners agrees to acquire insurance tech company Duck Creek Technologies for $2.6B in cash, or $19 per share; Duck Creek stock jumps 45%+ (Jesse Pound/CNBC)
Jesse Pound / CNBC: Vista Equity Partners agrees to acquire insurance tech company Duck Creek Technologies for $2.6B in cash,…
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Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B in cash and expects combined sales to reach $3B in 2024 (Elisabeth Behrmann/Bloomberg)
Elisabeth Behrmann / Bloomberg: Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B…
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Dropbox acquires FormSwift, a cloud-based service for creating, editing, and saving business and legal documents, for $95M in cash (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch: Dropbox acquires FormSwift, a cloud-based service for creating, editing, and saving business and legal documents, for…
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A look at Spotter and Jellysmack, two companies offering YouTubers cash in exchange for up to five year of ad sales generated by licensing their old videos (Miles Kruppa/Wall Street Journal)
Miles Kruppa / Wall Street Journal: A look at Spotter and Jellysmack, two companies offering YouTubers cash in exchange for…
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Enterprise spending management software maker Coupa agrees to be acquired by PE firm Thoma Bravo for $6.15B in cash, a 30.5% premium on its Friday closing price (Yuvraj Malik/Reuters)
Yuvraj Malik / Reuters: Enterprise spending management software maker Coupa agrees to be acquired by PE firm Thoma Bravo for…
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Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to the Bahamas around FTX's bankruptcy filing (Bloomberg)
Bloomberg: Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to…
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