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Shutterfly Snapped Up By A Buyout Firm For $1.74B
Apollo Global Management agreed to buy Shutterfly for $51 a share in cash, according to a statement Monday. The deal values the online retailer at about $1.74 billion, based on the company’s outstanding shares at the end of March. Apollo will also assume Shutterfly’s more than $1 billion in debt. The buyout firm plans to merge Shutterfly with rival Snapfish, whose owners will become minority shareholders in the combined business, Apollo said. Full investment news article
Relevent to this post: SunTrust
Apollo Global Management,
Innoviz Technologies' Series C Funding Round Closes At $170m, Strengthens The Company's Leadership Position In The Solid-state Lidar And Perception Software Space
Innoviz Technologies' Series C Funding Round Closes at $170M, Strengthens the Company's Leadership Position in the Solid-State LiDAR and Perception Software Space Innoviz adds computer vision industry luminaries to its roster to further enhance its perception software offering for customers. ROSH HA'AYIN, Israel, June 10, 2019-- Innoviz Technologies, a leading provider of high-performance, solid-state LiDAR sensors and perception software, announced today that it has closed its Series C funding round with $170M secured. The close of the Series C round … Full investment news article
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University of Nebraska Foundation,