SEC Alleges Fraud in Space SPAC Merger
Space exploration startup Momentus and its blank-check partner allegedly misled investors in statements promoting the $1.2 billion deal.
Visa Buys Tink in $2.1B Open Banking Play
Sweden's Tink offers Visa an entrée to a fast-growing market that "has the potential to create an alternative" to debit- and credit-card networks.
Acorns to Go Public Through $2B SPAC Deal
“Now was the time to go public to accelerate our growth and get the tools of responsible wealth-making in everyone’s hands as fast as possible."
uBiome Founders Charged With $60 Million Fraud
The SEC says Jessica Richman and Zachary Apte misrepresented that their biotech startup was generating reliable revenue from insurance reimbursements.
Greensill Capital Files for Insolvency
The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.
Facebook Adds CRM Platform With Kustomer Buy
The deal “could provide businesses and customers with more support for interactions that occur on Facebook and its other apps."
Illumina Buys Cancer Test Startup Grail for $8B
The deal will move Illumina “deeper into the application of its gene-sequencing technology to the diagnosis and treatment of patients."
Snowflake Files for Big Tech Initial Offering
The cloud-based data warehouse company is “one of the world’s most valuable former startups that is still private."
AmEx Buys Kabbage in SMB Solutions Move
The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."
ServiceNow Buys Data Management Startup
The acquistion of Sweagle will enable ServiceNow to identify and help prevent software configuration glitches that can cause outages.
Intuit Eyes Millennials With $7B Credit Karma Buy
The deal will give the maker of TurboTax access to one of the most popular financial apps for young consumers.