Binance, one of the world’s biggest cryptocurrency exchanges, is embarking on its first acquisition as it seeks to give customers more control over their digital coins. The closely held firm bought Trust Wallet, a...
Fosun Billionaire Backs China’s Foreign M&A Clampdown
Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government’s clampdown on outbound investments is necessary to take...
Snap tops expectations in pricing of long-awaited IPO
Snap Inc priced its initial public offering above its target range on Wednesday, raising $3.4 billion as investors set aside concerns about its lack of profits and voting rights for a piece of the hottest tech IPO in...
Salesforce considers takeover of Twitter
Salesforce.com Inc. is considering a takeover of Twitter Inc., according to people familiar with the matter, as the social-media company’s efforts to ignite growth sputter. The exploration is in early stages, one of the...
LinkedIn’s sale is a sign of what’s to come for Twitter and other social media companies
When LinkedIn went public in 2011, it was heralded as the first in a new wave of social media companies landing on Wall Street. Facebook, Twitter, Yelp and Groupon were months if not years away from their public...