Blackstone is buying Vista’s stake in Cvent for $1.3 billion. Representatives for Vista and Blackstone declined to comment. Vista originally invested in Tysons, Virginia-based Cvent in 2016, when it acquired the company for about $1.7 billion. During its ownership, the…
The deal will expand Greek company Intralot’s presence in the UK online gaming market and strengthen its technology offerings by incorporating Bally’s digital and casino platforms. The deal, which is expected to close in the fourth quarter, includes €1.53 billion…
Cloud Software Group, the owner of Citrix and Tibco, is the result of a $16.5 billion leveraged buyout, one of the largest in 2022. Vista bought Tibco in 2014 and merged it with Citrix in a 2022 deal. According to…
Shares of consumer debt collector Jefferson Capital opened at $19 a share, above the offering price of $15 a share. The U.S. IPO market has rebounded in recent weeks after President Donald Trump’s trade policy changes unsettled investors and froze…
Andreessen Horowitz led a Series E round for Pittsburgh-San Francisco startup Abridge, joined by Khosla Ventures. Several well-funded startups have emerged that are trying to reduce physician burnout associated with record-keeping and other administrative duties. “We’ve seen healthcare adopt generative…
Amazon said in a statement that the commitment would help drive demand for cloud computing and artificial intelligence in Australia, accelerating their adoption and scaling. Australian Prime Minister Anthony Albanese said the investment in data centers in Sydney and Melbourne…
The deal comes amid a sharp rally in the silver market, which hit a 13-year high earlier this week as investors rushed to safe haven assets in response to rising geopolitical risks. The precious metal has jumped 25% this year,…
Micron Technology’s spending will include about $150 billion for domestic manufacturing capacity and another $50 billion for research and development, the company said in a statement on Thursday. Micron said the total is a $30 billion increase from what it…
The US Federal Prosecutor’s Office accuses former employee of global Headlands Technologies Richard Ho of stealing a top-secret algorithm that underpins high-frequency trading. This is the first time a technical conflict of this magnitude has moved from the plane of…
Shares in Danish drugmaker Novo Nordisk rose 2.3% on Friday after Novo said it plans to move its experimental weight-management drug Amicretin into late-stage development after receiving feedback from regulators. Novo had a market capitalization of $365 billion as of…
Reliance Industries Ltd. sold about 3.7% of shares in Indian paint maker Asian Paints Ltd. in a package deal that raised $900 million. Reliance Industries, which owned a stake in the country’s largest paint maker Asian Paints, a unit of…
Dana’s Off-Road division manufactures mobile transmissions and propulsion systems for heavy-duty vehicles used in construction, agriculture, material handling, mining, forestry and industrial applications. In November, Dana announced plans to sell the business as part of a cost-cutting campaign to overcome…