By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing
Chesapeake Energy Corp. said Wednesday its board has doubled its authorization for buybacks of shares and warrants to $2 billion from $1 billion through end-2023. To date, the company has bought back about 5.4 million shares under a previously authorized program, at an average price of about $89 a share. "We firmly believe our stock is undervalued and are pleased to announce material progress on our buyback program today," Chief Executive Nick Dell'Osso said in a statement. Shares slid 3%...
Matrix Partners India is raising $450 million for its fourth India fund, doubling down on the South Asian market where scores of investors including Sequoia, Lightspeed, SoftBank, Elevation, Accel, Alpha Wave Global and Tiger Global have increased the pace of their investments in recent years. The firm, which counts Ofbusiness and Razorpay among its portfolio [
(WASHINGTON) -- The Democratic Governors Association hopes to turn anger at the overturning of Roe v Wade into big-dollar fundraising for critical races
The federal government on Thursday announced a program targeted at undoing the racist road and highway development of past decades
The Biden administration is launching the Advanced Research Projects Agency for Health, modeled after the Pentagon's Defense Advanced Research Projects Agency, known for quickly funding promising projects, but some in Congress want it located away from Washington. Maryland officials hope to keep it in state.
Students at Emory University's Goizueta Business School launched Peachtree Minority Venture Fund, which aims to teach students about VC while investing in real companies with minority founders.
Last week police in Broken Arrow, Oklahoma, rushed to respond to a string of 911 calls reporting a man with a semi-automatic rifle, a pistol, and a tactical vest. As described by Tulsa World, the incident caused a lockdown at Broken Arrow Justice Center, the evacuation of employees at an AT&T store, and multiple 911 calls reporting the man in a Target parking lot.
NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock Partners, bringing its valuation to $1.6 billion. Lightspeed Venture Partners also participated alongside previous investors Paradigm and Sequoia Capital. The round comes just three months after it closed a $27 million [
If you work in the public sector, you could qualify for major student loan relief.
McDonald's will pay 1.25 billion euros ($1.3 billion) in France to avoid a legal case over tax evasion between 2009 and 2020, under an agreement approved Thursday by a Paris court.
In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6 5 billion — about 1/7 of what the company was valued in June of 2021 The Wall Street Journal reported today, citing anonymous sources, that Klarna [ ]