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Tata Steel, Thyssenkrupp Reach €15b Compromise In Merger Talks
Thyssenkrupp, Tata Steel may strike $17.4 billion deal to merge assets as early as this week. : Duesseldorf/Frankfurt/London: Thyssenkrupp AG and Tata Steel Ltd are nearing a €15 billion ($17.4 billion) deal this week to combine their European assets into a global steel giant, people familiar with the talks told Reuters. Talks to hammer out the final details are progressing well and a compromise has been reached on closing a valuation gap between the businesses, three of the people said. Full investment news article
Katie Haun Leads Andreessen Horowitz Crypto Fund
This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. US-based VC firm Andreessen Horowitz is reportedly “closing in on” $300 million for a blockchain-dedicated fund, called a16z crypto, according to The Wall Street Journal. The fund, which the Journal reports is one of the industry’s largest dedicated specifically to blockchain technology, will be co-led by new hire Katie Haun, who was previously the Justice Department’s first-ever coordinator on digital currency. Full investment news article
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