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Beringer Capital, a private equity firm focused on the media, marketing services, and technology sectors, acquired a majority stake in the stock market site Benzinga Monday in a deal valued at $300 million.
Quote To Start The Day: “We’re starting to see a lot of financial education startups disappearing and consolidating into these larger players building communities.”
Q3 earning season is currently underway, and most high-profile companies are delivering revenue beats. Yet, Q3 revenue is not the only thing investors are watching. Investors are interested in revenue growth, customer acquisition, and pace of growth alongside the balance sheet.
Several media reports suggest PayPal Holdings Inc (NASDAQ: PYPL) may acquire Pinterest Inc (NYSE: PINS) for $70 per share, valuing the company at around $48 billion.
One would likely not purchase a house without first looking at comparable home sales.
That is according to Saad Hussain, founder and CEO at Vesica Technologies, the company behind SHIFT, a search engine for the options market.
Key takeaways:
Several of Weimob’s big-name shareholders have been selling down their stakes in the company over the last three months
Tencent-backed Weimob announced a HK$1 billion share buyback last month to relieve the selling pressure
By Doug Young