Travelex, the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
San Francisco-based activist-investment firm Voce Capital Management LLC is urging stockholders to vote against the three OnDeck Capital directors facing re-election — a challenge that sent OnDeck shares rising as much as 11.2 percent Friday (April 17). Get the Full Story Complete the form to unlock this...
SoftBank Group has been spending time in talks with investment firms Elliott Management and Mubadala over the possibility of taking its Japanese tech conglomerate private, the Financial Times (FT) reported, but the strategy has ultimately been scrapped. Get the Full Story Complete the form to unlock this...
Japanese conglomerate SoftBank is boosting its lobbying efforts in Washington, D.C. to work on issues that align with its portfolio investments, Bloomberg reported on Thursday (March 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Activist fund and hedge fund company Elliott Management Corp. is pressing for changes after acquiring a stake in Twitter, including replacing CEO and Co-Founder Jack Dorsey, Reuters reported Friday (Feb. 28), citing sources familiar with the matter. Get the Full Story Complete the form to...
Democratic presidential candidate Mike Bloomberg plans to sell his multibillion-dollar financial data and media company Bloomberg L.P. if he wins the presidency, The Wall Street Journal (WSJ) reported on Tuesday (Feb. 18). The campaign said that Bloomberg would “first put the company in a blind trust” before...
Office space platform WeWork is anticipating that it will post its first $1 billion revenue quarter this year and is aiming to become free cash flow (FCF) positive by 2022, Reuters reported on Tuesday (Feb. 11). Get the Full Story Complete the form to unlock...
Marcelo Claure, the executive chairman at embattled company WeWork, said in an interview that former CEO Adam Neumann didn’t leave the company with more than $1 billion, as was reported, according to a report by CNBC. Get the Full Story Complete the form to unlock...
Apparently it’s a bad day when Starboard Value sends you a letter. The activist investor group is well known for impatience and the dramatic demands it makes to the companies it invests in. In fact, Starboard Chairman Jeff Smith was named the “investor CEOs fear...
