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...Canva initially planned for the sale of about $1bn in stock but upped the total to more than $1.5bn after the tender was oversubscribed, said Adams....
...The head of Sequoia Capital’s former India unit says the country is getting a “huge” boost from investors moving their money away from China as geopolitical tensions reshape the global venture capital market...
...Last year, Citadel Securities sold a 5 per cent stake to venture capitalists Sequoia and Paradigm for $1.2bn, valuing the firm at about $22bn and stoking expectations of an eventual public listing....
...“I hit the club, ordered some Grey Goose, switched it for Cîroc to give Puff’s stock a boost,” sang Jay-Z in his and Kanye West’s 2011 track “Primetime”....
...Baupost brought the lawsuit alongside a Luxembourg entity it said was intended as the joint venture vehicle....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...The sudden and very public blow-up is unusual for a Silicon Valley venture capital firm — particularly over such a small sum. Social Capital manages assets of more than $1.5bn....
...The other partner in the joint venture is US fund manager RedBird Capital....
...But Weightman insists this has done little to slow down his new venture. “The US guys were employed at will,” he said adding that they were due to start at Corinthia at the beginning of April....
...The rally has sent Amazon’s share price up to close to its all-time high, and pushed the company’s market capitalisation to $1.75tn. Amazon declined to comment....
...IMI, the Abu Dhabi vehicle behind RedBird’s joint venture, is controlled by Sheikh Mansour bin Zayed Al Nahyan, a vice-president of the UAE....
...The Hexagon Cup, a new padel tournament backed by the venture arm of the Daily Mail publisher, has clinched a broadcast deal in the UK with ITV. The event gets under way later this month in Madrid....
...Trafigura said the ex-employee was a former consultant to DT Group, which was a joint venture formed in 2009 by Trafigura and Cochan Holdings LLC, an investment vehicle controlled by a former military adviser...
...Octopus employs 6,000 people in the UK and another 1,000 overseas. Sustainable Ventures has created or maintained about 5,500 jobs since starting....
...In a statement on Wednesday, Disney said it was prepared to pay $8.6bn by December 1 for the remaining stake, which would value Hulu at $27.5bn....
...Yet the company fell into crisis, defaulting on a $1.2bn dollar-denominated term loan it took out in 2021 and falling into a legal battle with creditors....
...The principal ones hold notes for a $1.2bn dollar-denominated term loan it took out in 2021 and has defaulted on, embroiling it in lawsuits and countersuits across the US....
...Shares in JSW Steel were down 1.4 per cent, the first day of trading since the allegations were made public this weekend....
...Risk-takers wanted India’s burgeoning IPO market is dependent on foreign investors as domestic funds remain cautious about backing lossmaking young ventures, Nikkei Asia reports....
...For Simon Beckerman, whose London-based second-hand fashion app Depop was bought for $1.6bn by Etsy in 2021, the journey to inking the deal was gruelling at times....
...Pereira met Drahi in the early 1990s, when the Portuguese immigrant’s company became a subcontractor to the Morocco-born businessman’s early cable ventures....
...Earlier this year, Vista borrowed $1.5bn secured against its portfolio companies, the FT previously reported. Some of the money was used to pay investors....
...Last year, the EU blocked US online travel site Booking Holding’s €1.63bn acquisition of Etraveli Group on competition concerns....
...Start-ups are fielding calls from venture capital providers, pension funds, nuclear engineering companies and, of course, oil and gas groups....
...CPP Investments, Canada’s largest pension fund, invested a further $1.75bn, while just $1.2bn of the purchase price was financed with debt....
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