Two Take
Barnes & Noble buys back $27.7 million in Nook stock from Pearson
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…
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Two Takes from Dealbook
Latest TECHi Two Takes that cite Dealbook as the external source — paired with our analyst's commentary.
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One simple mistake led to the biggest hack on a US bank in history
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…
Two Take
AT&T expands into Mexico with $2.5 billion acquisition of Iusacell
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…
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JPMorgan Chase hackers also attacked 8 other financial institutions
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…
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Lenders can remotely disable your car if you miss your loan payments
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…
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Alibaba’s IPO makes it bigger than Amazon and eBay combined
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…
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Lookout has raised $150 million to build a mobile anti-malware network
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…
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WeLab, a Chinese internet finance startup, has raised $14 million in funding
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…
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Alibaba has bought a 50% stake in a Chinese soccer team
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.…
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Candy Crush Saga maker King prices its shares at $22.50
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…
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Alibaba confirms rumors of U.S. IPO
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…
Two Take
The company behind Candy Crush Saga is filing for an IPO
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…
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