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Wednesday, September 23, 2020
Pittsburgh startup, Argo Al, announced this week that German automaker, Volkswagen, closed its $2.6 billion deal with them. Part of the transaction consisted of $1 billion cash. Argo will also take over Volkswagen’s self-driving enterprise in Europe, which has a value of $1.6 billion. The European unit...
SoFi, a startup investment and personal finance company, has entered into an acquisition agreement with Galileo. Galileo is a Salt Lake City-based Fintech payment processing company that has issued more than 100 million accounts on behalf of its small business and commercial users. SoFi will pay $1.2...
The coronavirus is the most significant threat to the travel industry since the 911 terrorist attacks in 2001. As expected by many, the coronavirus is causing airlines to cuts flights and stop hiring for the time being. Both Delta and American Airlines...
Fintech company LendingClub has struck a deal to buy Radius Bank, a Massachusetts-based virtual bank. In 2014, LendingClub had the largest initial public offering in the U.S. for a tech-based company. Then, it had an $8.5 billion valuation. However, in 2016, the company...
YieldStreet, a digital investment firm that previously catered to elite investors, and BlackRock, the world’s largest investment management firm, have partnered to expand their offerings. YieldStreet previously targeted its high-yield investments towards billionaires. But, with its joint ventures with BlackRock, the New York-based startup firm hopes to...
European airliner manufacturer, Airbus, and Nasdaq are partnering to launch Skytra, a London-based platform, that will help airlines to manage their revenue risks and accurately forecast future ticket sales. The platform will allow airlines to trade futures and options contracts by leveraging proprietary indices.
In what will be an all-stock transaction, CoImmune Inc. and Formula Pharmaceutical have agreed to merge their companies. The pharma-enterprises will bring together two oncologic biotech platforms based on immune system therapies. In particular, the combined company will focus on a Phase 1 trial...
Paypal’s largest acquisition, browser extension Honey, was acquired by the online payment processor in December for $4 billion. Honey offers coupons to users and suggests other ways to save on purchases. But, the startup is creating security concerns, and Amazon is speaking out. The e-commerce giant is...
Two of the largest technology companies in the U.S. had some of its most significant gains in the S&P 500 during the past year. In 2019, Microsoft and Apple grew 55 percent and 85 percent, respectively. Their growth represented gains larger than the next eight largest contributors...
According to a CNBC report, Charles Schwab is in negotiations to purchase TD Ameritrade. Should the two brokerages consolidate, the transaction would combine $5 trillion in assets. $3.8 trillion of those assets are Schwab, and $1.3 trillion are from Ameritrade. News of a deal could possibly happen...