Orange to Buy Spanish Telecomm Provider Jazztel

Orange of France has agreed to acquire the Spanish telecommunications provider, Jazztel, in a deal which is valued at $4.4 billion or 3.4 billion euros. This will help Orange increase its mobile operation in Spain and compete with rivals such as Vodafone and Telefonica. According to Jazztel, Orange was offering 13 euros per share. That […]

Ecommerce Startup Frank & Oak raises $15 Million in Series B Funding

A menswear ecommerce brand , Frank & Oak has raised $15 million Series B round led by Goodwater Capital with participation from John Currie, Green Oaks Capital and  Investment Quebec alongside existing investors like Bertelsmann Digital Media Investments, Rho Canada Ventures, Lightbank, Real Ventures and Version One Ventures. Montreal-based Frank & Oak is a personalized […]

Spain’s CaixaBank to Acquire Barclays Retail and Corporate Banking Businesses

On Sunday, Barclays said that it had agreed to offload its retail and corporate banking business in Spain to CaixaBank for $1.05 billion or 800 million euros. This is the latest development in Barclay’s plan to streamline itself by selling noncore businesses. Barclays Bank SAU, the Spanish unit of Barclays, includes 2,400 employees across 262 […]

$41 Million raised by Fantasy Sports Competition Company DraftKings

On Monday, DraftKings announced that it has raised $41 million in a new round of financing. The investment was led by Raine Group, which specializes in technology and media deals and included existing investors Atlas Venture, Redpoint Ventures and GGV Capital. The belief, behind the investment by Raine and others, is that fantasy sports will […]

Schrader International to be acquired by Sensata Technologies

On Monday, Sensata Technologies said that it has agreed to buy the Schrader group of companies from Madison Dearborn Partners, the private equity firm for an enterprise value of $1 billion. Based in Denver, Schrader makes tire pressure monitoring sensors and its related products. Schrader is expected to generate approximately $550 million in 2014 in […]