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Latest TECHi Two Takes that cite Dealbook as the external source — paired with our analyst's commentary.
Barnes & Noble has paid Pearson $27.7 million in cash and stock to buy back its stake in the company’s Nook e-reader business, giving the bookseller chain full control over the Nook once again. The deal comes almost 3 weeks after Microsoft sold back its stake in the Nook business for a $185 mill
The cyber attack on JPMorgan Chase in mid-2014 was the largest computer breach ever for a US bank. More than 80 million consumers and small businesses had their personal information exposed in the attack, and it could have been prevented with one tiny change to a forgotten server in a corner somewhe
AT&T has agreed a deal to expand into Mexico with the acquisition of local carrier Iusacell. The $2.5 billion move will create the first ever “North American mobile service,” AT&T says, and it will serve more than 400 million people across the U.S. and Mexico. As part of the deal, AT&T w
JPMorgan Chase, which was hit by a massive hack disclosed in August, was just one of 10 financial institutions infiltrated by a group of overseas hackers that may have connections to officials in the Russian government, according to a new report. Unnamed sources told the New York Times that the hack
Utilizing a piece of hardware called the starter interrupt device, credit unions and other types of loan companies have started mandating the use of such devices when an auto loan is issued to a customer with bad credit. Detailed by the New York Times this week, the starter interrupt device makes a
We’d heard that the US IPO for Chinese company Alibaba could be among the biggest ever, and it did not disappoint. Closing at a stock price of $93.89, it raised $21.8 billion for the company and is the biggest IPO in US history. According to Bloomberg, it could become the biggest ever if under
Things are really looking up for mobile security player Lookout. Lookout, based in San Francisco, has raised $150 million from a bevy of well known investors, it announced Wednesday, including lead T. Rowe Price, Morgan Stanley Investment Management, Goldman Sachs, and Bezos Expeditions. Lookout’s W
WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for credit risk modeling, as well as esta
Alibaba Group chairman Jack Ma announced today at a press conference that the company will buy a 50% stake in Guangzhou Evergrande Football Club, one of China’s top soccer teams. The deal’s value was not disclosed, but it is reportedly worth 1.2 billion yuan ($192 million), according to Xinhua, the
In the most anticipated gaming IPO of the last few years, Candy Crush Saga maker King priced its shares at $22.50 in an offering that will raise $326 million for the company and value it at slightly more than $7 billion. Shares will trade for the first time tomorrow. That valuation will put King at
Chinese e-commerce giant Alibaba Group on Sunday announced its plans to make a public stock offering in the US, an event that could set a record for the US IPO of a Chinese company. The Hangzhou, China, company said in a brief statement that it has “decided to commence the process of an initial publ
King Digital Entertainment, the company behind Candy Crush Saga, has filed with the Securities and Exchange Commission to take the company public. As of late King has been pretty well-known for chasing companies over trademarks, but that hasn’t deterred its monster hit game Candy Crush Saga from sti
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