Qatar Investment Authority

Amex GBT agrees to .3 billion private deal with Long Lake

Amex GBT agrees to $6.3 billion private deal with Long Lake

amefika1 month ago03 mins

American Express Global Business Travel agreed to be acquired by Long Lake Management in an all-cash deal valued at $6.3 billion, the companies said Monday. Shareholders will receive $9.50 per share under the terms of the offering, a 60.2% premium to the stock’s closing price on May 1, and Long Lake will be backed by…

Databricks Nears Billion Capital Raise at 4 Billion Valuation

Databricks Nears $5 Billion Capital Raise at $134 Billion Valuation

amefika4 months ago04 mins

Databricks announced that it is completing more than $7 billion of investment, including around $5 billion of equity financing at a valuation of $134 billion and around $2 billion of additional debt capacity. The San Francisco-based data and artificial intelligence company also reported achieving revenue of more than $5.4 billion in its fourth quarter, representing…