• SoftBank invests $500 million in digital mortgage lender Better.com

    4 days ago - By CNBC

    SoftBank has invested $500 million in digital mortgage lender Better.com, valuing the company at roughly $6 billion amid a pandemic-induced refinancing frenzy.
    Read more ...

     

  • Daily Crunch: KKR invests $500M into Box

    Daily Crunch: KKR invests $500M into Box

    4 days ago - By Tech Crunch

    Box gets some financial ammunition against an activist investor, Samsung launches the Galaxy SmartTag+ and we look at the history of CryptoPunks. This is your Daily Crunch for April 8, 2021.
    The big story: KKR invests $500M into Box
    Private equity firm KKR is making an investment into Box that should help the cloud content management company buy back shares from activist investor Starboard Value, which might otherwise have claimed a majority of board seats and forced a sale.
    After the investment, Aaron Levie will remain with Box as its CEO, but independent board member Bethany Mayer will...
    Read more ...

     

  • Box's new $500 million investment from KKR is a strong sign that it's not interested in selling itself after all

    Box's new $500 million investment from KKR is a strong sign that it's not interested in selling itself after all

    4 days ago - By Business Insider

    Summary List Placement Box on Thursday announced a $500 million investment from private equity firm KKR , in a deal that seems to put an end to speculation that the $3.5 billion enterprise cloud storage company will sell itself - at least, for now.
    Under the terms of the investment, which the company says will largely be used to finance share buybacks, KKR's John Park will join Box's board of directors. (Disclosure: KKR is a major shareholder in Axel Springer, Insider's parent company.)
    Meanwhile, cofounder CEO Aaron Levie will step down as the board's chairman, to be replaced by...
    Read more ...