Deal Financial News

22.02 / 22:19

business Blockchain Technology Adoption Deal acquires London Stock Exchange acquires cloud-based technology provider Tora in $325M deal

On Tuesday, London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives, and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of the latter:

18.02 / 13:05

Digital CEO Tether Concord Deal Circle Doubles Value to $9B with New Deal with Concord Acquisition Corp

Fintech company Circle Internet Financial has revamped its merger agreement with Concord Acquisition Corp (NYSE: CND) through a special purpose acquisition company (SPAC), doubling its valuation to $9 billion from the $4.5 billion initially announced in July 2021.

17.02 / 17:29

UPS Digital NYSE Deal valuation Circle's new Spac deal doubles valuation to $9 billion

The increase in value reflects improvements in Circle’s financial outlook and competitive position - particularly the growth and market share of USDC. Circulation of the digital currency has more than doubled since the original deal was announced, reaching $52.5 billion as of February 16, 2022.“We continue to believe that Circle is one of the most interesting, innovative and exciting companies in the evolution of global finance and we believe it will have an historic impact on the global economic system,” says Diamond.

17.02 / 06:05

business Sport partnership Deal National Swyftx Swyftx signs major sponsorship deal with Aussie National Rugby League

Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL).

16.02 / 17:49

Adoption NFT Sport Non-fungible tokens Deal Bybit Enters USD 150M Deal with Red Bull F1 Team; Plans Fan Token, NFT Collaboration

Bybit, one of the top 10 crypto exchanges by spot volume, has entered into a major sponsorship agreement with the Formula One team Oracle Red Bull Racing, with the exchange now taking on a new role of the “Issuance Partner” for fan tokens and non-fungible tokens (NFTs) for the racing team.

16.02 / 17:15

Target Action 2020 Deal U.S. Faults China for Failing to Meet Purchase Targets Under 2020 Trade Deal

WASHINGTON—The Biden administration faulted China for failing to meet its commitments to purchase U.S. goods under the 2020 trade deal, and said it was prepared to take further action to level the competitive playing field with Beijing.

16.02 / 16:22

business Binance regulation Deal Financial Binance's Paysafe deal worries UK financial watchdog

The Financial Conduct Authority (FCA), the top financial authority in the United Kingdom, has raised concerns over Binance’s recent partnership with Paysafe, a retail payment processor.

16.02 / 09:57

Microsoft Deal Activision Warren Buffett’s Berkshire Hathaway took a bet on Activision Blizzard ahead of Microsoft deal

Warren Buffett's Berkshire Hathaway bought a big stake in Activision Blizzard in the fourth quarter, just before Microsoft agreed to buy the gaming company in a deal valued at $69bn.

15.02 / 10:47

Microsoft Deal Activision Warren Buffett’s Berkshire Hathaway took a bet on Activision Blizzard ahead of Microsoft deal

Warren Buffett's Berkshire Hathaway bought a big stake in Activision Blizzard in the fourth quarter, just before Microsoft agreed to buy the gaming company in a deal valued at $69bn.

12.02 / 19:13

Landmark Platform Deal Abrdn shareholders urged to ‘carefully consider’ approving Interactive Investor deal

Analysts at Numis urged Abrdn shareholders to “carefully consider how they vote” at an upcoming meeting to approve the asset manager’s £1.5bn purchase of Interactive Investor, reiterating concerns the broker has raised about the landmark deal.

12.02 / 18:01

Digital Mobile Deal Apollo nears $2.3bn deal for Worldline SA

Apollo Global Management is nearing a deal to acquire the point-of-sale terminal business of European payments company Worldline SA for close to $2.3bn, according to people familiar with the matter.

11.02 / 19:21

Dogecoin Blockchain Binance Forbes Deal The $200m Binance-Forbes deal backfires over ‘conflict of interest’ concerns

The relationship between the media and cryptocurrencies is fast evolving. Especially since it is one of the main channels through which much of the adoption has been facilitated. In fact, analysts in the past have even noted price hikes to sustained media hype, especially with meme cryptocurrencies like Dogecoin and Shiba Inu, prompting many countries in the past to issue warnings to crypto advertisers.

11.02 / 16:59

Landmark Platform Deal Abrdn shareholders urged to ‘carefully consider’ approving Interactive Investor deal

Analysts at Numis urged Abrdn shareholders to "carefully consider how they vote" at an upcoming meeting to approve the asset manager's £1.5bn purchase of Interactive Investors, re-iterating concerns the broker has raised about the landmark deal.

11.02 / 16:05

Digital Mobile Deal Apollo nears $2.3bn deal for Worldline SA

Apollo Global Management is nearing a deal to acquire the point-of-sale terminal business of European payments company Worldline SA for close to $2.3bn, according to people familiar with the matter.

04.02 / 08:23

Dogecoin business Altcoin Tezos Shiba Inu Deal Tezos scores $27M deal with Man United, Baby Doge backs Hoffenheim

Manchester United, one of the world’s most popular soccer (or football) teams is reportedly set to announce a multi-year training kit sponsorship by Proof-of-Stake blockchain platform, Tezos.

03.02 / 23:21

business coinbase IRS Deal Coinbase users can receive US tax refunds in crypto as part of TurboTax deal

Tax filing platform TurboTax is allowing U.S. filers to get their refunds directly in crypto as part of an arrangement with crypto exchange Coinbase.

03.02 / 17:27

Deal businesses tax breaks Global Tax Deal Would Undercut U.S. Tax Breaks, Businesses Warn

WASHINGTON—The emerging global minimum-tax agreement would make domestic tax breaks less valuable for some U.S.-based companies, potentially limiting the effectiveness of incentives for research, exports and low-income housing, businesses are warning.

03.02 / 17:17

CLIMATE CRISIS Deal Czech Republic and Poland sign deal over controversial coal mine

Warsaw and Prague on Thursday signed a deal on a controversial Polish coal mine near the Czech border.

02.02 / 18:15

UPS Deal Evercore bankers haul in $1m each on average as deal frenzy fuels 35% raise

Evercore has bolstered pay by 35% in a year when the boutique investment bank hauled in record revenues during a deal boom.

01.02 / 13:46

Deal Stanley Capital swoops on pharma sector for fourth deal

Stanley Capital Partners has swooped on a US pharma company in the latest sign of buyout appetite for the healthcare sector, Financial News sister title Private Equity News can reveal.

27.01 / 14:14

Microsoft Deal Activision Microsoft’s Activision deal is making investors nervous as spread widens

Microsoft ‘s ability to close its recently announced deal for Activision Blizzard is facing growing skepticism from investors. The deal spread — the difference between Microsoft’s $95-per-share offer price and Activision’s current price — has continued to widen this week.

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