Tech Data's Stock Soars Toward Record High After Report Of Apollo Buyout Interest
Shares of Tech Data Corp. soared 13% toward a record high in premarket trading Wednesday, after Reuters reported that Apollo Global Management made a bid to buy the information technology company for nearly $5 billion. The report, out late Wednesday, said Apollo would pay $130 for each Tech Data share, which represents a 17% premium to Tuesday's closing price of $111.34, and imply a market capitalization of about $4.63 billion. On Wednesday, Stifel Nicolaus analyst Matthew Sheerin reiterated his hold rating but raised his stock price target to $125 from $105.
VCs Invested $24.6B In Proptech In 2019
The year 2020 will be when category winners will begin to be solidified in real estate tech, and that both the number of funding rounds and the size of deals will continue to increase.
Exclusive: Buyout Firm Apollo Global In $5B Bid For Tech Data - Sources
Private equity firm Apollo Global Management LLC has approached Tech Data Corp with an offer to acquire the U.S. information technology equipment distributor for close to $5 billion, people familiar with the matter said on Tuesday.
Exclusive: Buyout Firm Apollo Global In $5B Bid For Tech Data - Sources
Private equity firm Apollo Global Management LLC has approached Tech Data Corp with an offer to acquire the U.S. information technology equipment distributor for close to $5 billion, people familiar with the matter said on Tuesday.
Investors Discuss Why AI Companies Built By Diverse Teams Are A Better Bet
Perhaps now is the time to begin discussing where having a variety of experiences could have the most impact, not only for building better technologies and businesses but also for building better societies as a whole.
Sophos Becomes Latest U.k. Tech Target In $3.8B Deal
Private equity firm Thoma Bravo agreed to buy Sophos Group Plc for $3.8 billion, taking the British cybersecurity firm private in the biggest takeover of a U.K. technology firm this year. Thoma Bravo will pay $7.40 a share in cash, or 583 pence per share, representing a premium of 37.1% to its last closing price, the buyout firm said in a statement Monday. Shares jumped as much as 38% in London on Monday and traded at 576 pence at 10:34 a.m.
Global Fintechs Set Sights On Australia As Open Banking Nears
A new cohort of global fintech players are eyeing the Australian market, with UK open banking software player planning to launch in 2020, opening the door for its European clients to access to Australian consumers.
Tech 100 2019: The 30 Most Important, Interesting, And Impactful Women In Uk Tech
Business Insider has named the 100 most interesting and impactful people who are influencing British tech in 2019. Of that list, Business Insider has selected the top 30 female investors, founders, journalists, social media stars, and engineers who made the list. The list features entrepreneurs building global startups in the UK, investors who have a keen eye for emerging technologies, as well as journalists, TikTok stars, politicians, and regulators that made a mark. Visit Business Insider's homepage for more stories.
Welsh, Carson, Anderson & Stowe Names Three New Operating Partners In The Firm's Technology Group
Welsh, Carson, Anderson & Stowe Names Three New Operating Partners in the Firm's Technology Group NEW YORK, October 10, 2019-- Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the technology and healthcare industries, announced today that it has named new Operating Partners, Tim Clifford, Emanuele "Manny" Conti and John Fay. Mr. Clifford brings over 30 years of technology leadership experience to WCAS in a variety of software subsectors including cloud computing, human capital management, education technology, enterprise resource planning and big data analytics.
Future Meat Technologies Raises $14M In Series A Funding, Announces Pilot Production Facility
Israeli startup is commercializing cultured meat through a distributive, GMO-free production platform JERUSALEM, October 10, 2019-- Future Meat Technologies today announced it has closed a $14 million Series A funding round led by S2G Ventures, a Chicago-based venture capital firm and one of the forces behind Beyond Meat's IPO, and Emerald Technology Ventures, a Swiss-based venture capital firm recognized for its leadership in industrial innovation.