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With valuations on US startups skyrocketing, SPACs are starting to shop overseas
7 days ago - By Business Insider
Summary List Placement About 150 special access acquisition companies are searching for a tech startup to buy at the moment, according to S&P Global Market Intelligence's 451 Research, yet since the beginning of 2020, there have only been about 80 reverse mergers completed.
That's a sign that there may be more SPACs in the hunt than there are attractive startups to acquire, the research firm said.
Plus, a key source of funding for SPACs has begun to dry up as well, as private equity firms have slowed their interest, Insider's Reed Alexander reports.
Private equity firms typically chip in...
Read more ...Best Buy targets Amazon Prime with a $200 membership offering discounts, free installation, and and unlimited tech support
7 days ago - By Business Insider
Summary List Placement Best Buy announced on Wednesday that it is piloting a new membership program.
The program is called Best Buy Beta and offers customers special discounts, free product installation and delivery, as well as unlimited tech support for $199.99 per year or $179.99 for customers with the company's store credit card.
The membership program is currently being rolled out to select stores in Iowa, Oklahoma, and Pennsylvania, but will be available in Minnesota, North Carolina, and Tennessee in April. It will encompass about 60 stores within the month.
The program puts Best Buy...
Read more ...
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