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SoftBank-Backed Fortress Investment To Buy UK Supermarket Chain Morrison For $8.7B
Saturday, July 3, 2021 - 5:26pm | 435Read More...SoftBank Group (OTC: SFTBY)-backed Fortress Investment Group has agreed to buy Wm Morrison Supermarkets PLC (OTC: MRWSY) for about $8.7 billion, Bloomberg reports. Last month, it turned down a lower bid from Clayton Dubilier & Rice (CD&R). CD&R has...
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Fintech Focus For July 2, 2021
Thursday, July 1, 2021 - 7:42pm | 1995Read More...Quote To Start The Day: “I refuse to accept other people’s ideas of happiness for me. As if there’s a one size fits all standard for happiness.” Source: Kanye West One Big Thing In Fintech: Six fintechs — PayPal, Square, Varo, Affirm, LendingClub and Oportun —...
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Fintech Focus For May 25, 2021
Monday, May 24, 2021 - 6:04pm | 1660Read More...Quote To Start The Day: “Quality means doing it right when no one is looking.” Source: Henry Ford One Big Thing In Fintech: Square Inc., whose technology has already upended the way small businesses take card payments, is quietly preparing to offer checking and savings accounts to...
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Roivant Sciences Gets SPAC Deal: What To Expect From This BioPharma, Health Technology Company
Monday, May 3, 2021 - 11:24am | 569Read More...A drug discovery company with ownership stakes in several public and private biopharmaceutical companies is going public with a SPAC deal announced Monday morning. The SPAC Deal: Roviant Sciences announced a SPAC deal with Montes Archimedes Acquisition Corp (NASDAQ: MAAC). The deal values the...
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SoftBank Makes $500 Million Bet On Mortgage Market With Investment In Better.com
Sunday, April 11, 2021 - 10:31am | 417Read More...Better.com has gotten a valuation boost and an injection of capital from SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF). SoftBank, the Japan-based conglomerate run by Son Masayoshi and manager of the $100 billion Vision Fund, is investing $500 million in Better.com, a consumer mortgage lending site...
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SoftBank's Vision Fund To Launch 2 More SPACs, For Total IPO Raise Of $550 Million
Saturday, February 6, 2021 - 1:01pm | 309Read More...SoftBank Group Corp (OTC: SFTBY) is planning to launch two more SPACs. What Happened: The two SPACs aim to raise a total of $550 million in their IPOs, Reuters reported, citing regulatory filings. SVF Investment Corp 2 would offer 20 million shares and warrants, and SVF Investment Corp 3 would...
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Fintech Focus For November 23, 2020
Sunday, November 22, 2020 - 6:01pm | 1864Read More...Quote To Start The Day: Life is made of ever so many partings welded together. Source: Charles Dickens One Big Thing In Fintech: The pandemic has seen incumbent financial services providers fight against disruption by individuals and startups thinking about new ways to innovate. Nasdaq is...
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Google Invests In Indonesian E-Commerce Unicorn, Joins Singapore Government, SoftBank, Alibaba
Saturday, November 14, 2020 - 6:15pm | 351Read More...Alphabet Inc’s (NASDAQ: GOOGL) Google unit has invested in Indonesian e-commerce giant Tokopedia, according to a Nikkei Asia report. What Happened: The tech giant now owns 1.6% of Tokopedia, valued at $1.1 million (16.7 billion rupiah) Singapore’s government investment...
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Fintech Focus For November 12, 2020
Wednesday, November 11, 2020 - 7:32pm | 2686Read More...Quote Of The Day: It is our choices, that show what we truly are, far more than our abilities. - J.K. Rowling Fintech Movers: With the emergence of fintech-savvy institutions like challenger banks, regulating bodies have become concerned with the disruption of established institutions. - Benzinga...
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Citron Explains Change Of Heart On Jumia Technologies, $100 Price Target
Monday, October 26, 2020 - 5:07pm | 523Read More...Citron Research has gone from bearish to bullish on Jumia Technologies, a Berlin-based e-commerce company operating in Africa. The Citron Bullish Case: Citron Research flagged problems at Jumia Technologies (NYSE: JMIA) in May 2019 that it said included financial discrepancies,...
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Fintech Focus For September 22, 2020
Monday, September 21, 2020 - 7:33pm | 1543Read More...Quote Of The Day: A friend is one soul abiding in two bodies. - Aristotle Fintech Movers: Federally chartered banks can hold reserve funds for stablecoin issuers, according to new guidance from the U.S. Office of the Comptroller of the Currency. - Block Binance creates exclusive Innovation Zone....
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Fintech Focus For September 14, 2020
Sunday, September 13, 2020 - 8:52pm | 1823Read More...Quote Of The Day: I failed my way to success. - Thomas Edison Fintech Movers: Coinbase CEO Brian Armstrong doubled down on his past criticism of Apple, highlighting the tech giant's unwillingness to allow certain crypto-related features on its mobile app. - Block Central bankers near a...
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SoftBank Close To Selling Chip Designer To Nvidia For $40B
Saturday, September 12, 2020 - 3:40pm | 323Read More...SoftBank Group Corp. may announce the sale of British chip designer Arm Holdings to Nvidia Corp. (NASDAQ: NVDA) in a cash-and-stock transaction valued at more than $40 billion as early as next week. That's according to the Wall Street Journal, citing sources familiar with the...
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Fintech Focus For September 10, 2020
Wednesday, September 9, 2020 - 8:24pm | 2279Read More...Quote Of The Day: Love is a serious mental disease. - Plato Fintech Movers: M1 Finance, a platform for money management, announced it surpassed $2 billion in assets. - Benzinga Carrot to expand its dividend tech. Long-Term Stock Exchange opens. Binance enters the Turkish market. Displayed markets...
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Fintech Focus For September 9, 2020
Tuesday, September 8, 2020 - 7:02pm | 2210Read More...Quote Of The Day: We have seen peak rebound. - Joachim Fels Fintech Movers: Defi is not even close to the ICO hype bubble level yet. Bubbles are usually the result of a euphoric retail crowd running ahead of itself. - Coindesk BSP pushes digital bank framework. Policygenius a fast-growing fintech...
