MercadoLibre, the Latin America eCommerce technology company, announced Tuesday (March 11) that it intends to offer approximately $1 billion of common stock. In a press release, MercadoLibre said it will grant underwriters a 30-day offering to buy up to $150 million of additional shares of common...
Naspers, the South African media and internet company, is unloading 2 percent of its stake in China’s Tencent, giving it up to $11 billion in return. In a press release, Naspers said it will sell up to 190 million shares of Tencent, the Chinese company...
Uber employees are taking advantage of the rare opportunity to convert their paper shares of Uber into cold, hard cash as SoftBank, the Japanese technology giant, buys 17 percent of the ride-hailing app’s outstanding shares. SoftBank is paying $33 a share, which represents a 30...
Ridesharing app Uber confirmed the company has reached a deal, paving the way for Japan’s SoftBank to invest in it, according to a Monday (Nov. 13) report in TechCrunch. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,”...
July 07, 2024
Revolut CEO Nikolay Storonsky will reportedly sell a “small portion” of his stake in the company as part of a previously reported sale of employee shares and other existing shares. Storonsky’s stake in the British FinTech company amounts to several billion dollars, and he plans to sell stock worth tens of hundreds of millions of […]
March 12, 2019
MercadoLibre, the Latin America eCommerce technology company, announced Tuesday (March 11) that it intends to offer approximately $1 billion of common stock. In a press release, MercadoLibre said it will grant...
March 23, 2018
Naspers, the South African media and internet company, is unloading 2 percent of its stake in China’s Tencent, giving it up to $11 billion in return. In a press release,...
December 11, 2017
Uber employees are taking advantage of the rare opportunity to convert their paper shares of Uber into cold, hard cash as SoftBank, the Japanese technology giant, buys 17 percent of...
