• Exclusive: Russia's En+ invites banks to pitch for $1 billion share sale - sources

    One year ago - By Reuters

    LONDON/MOSCOW - Russia's En+ Group has invited international banks to pitch for the sale of $1 billion of shares in the company that manages the aluminum and hydropower businesses of Russian businessmen Oleg Deripaska, three sources said.
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  • Data Sheet-This Is Uber's Actual Big Problem

    One year ago - By Fortune

    I try not to write about the same company twice in one week, but Uber's just-released year-end results make the wildest of companies tough to ignore.
    Let's start with two numbers: $7.5 billion and $4.5 billion. The former is Uber's 2017 sales, according to multiple reports Tuesday, when Uber shared results with investors. It's a giant number. Were Uber a public company, which it has said it wants to be, such results would rank it No. 367 or so on the Fortune 500 list of the biggest companies in the U.S.
    Here's the thing about the Fortune 500, a list designed to show the industrial and...
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  • Norwest Venture Partners raises $1.5 billion fund

    Norwest Venture Partners raises $1.5 billion fund

    One year ago - By Tech Crunch

    Norwest Venture Partners has closed a $1.5 billion fund, bringing the total under management to $7.5 billion. The firm will be using the money to invest primarily in the consumer, enterprise and healthcare categories. And they are looking for opportunities at all stages, from seed stage to growth. Norwest said it has had a record past two years, achieving liquidity events for 30 of its...
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  • Bristol-Myers to pay $1.85 billion in cancer deal with Nektar

    One year ago - By Reuters

    Bristol-Myers Squibb Co will pay Nektar Therapeutics $1.85 billion in cash and share purchase for a global development and commercialization deal on a promising Nektar cancer drug, the companies announced on Wednesday.
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  • Norwest Venture Partners closes new $1.5 billion fund, adds managing partner

    Norwest Venture Partners closes new $1.5 billion fund, adds managing partner

    One year ago - By Venture Beat

    Norwest Venture Partners announced today that it has closed a new fund of $1.5 billion baptized NVP XIV. This is the firm's largest fund to date, bringing its total capital commitments to more than $7.5 billion, according to a statement. NVP XIV follows NVP XIII, a $1.2 billion fund that closed in January 2016 .
    The Bay Area-based firm initially began investing in enterprise startups within the U.S. but has expanded over the years across sector, geography, and stage. Today, the firm also invests in consumer and health care and has offices in Israel and India to source deals locally...
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  • Bristol-Myers To Pay Largest Licensing Fee In Biotech History For Cancer Drug

    One year ago - By Forbes

    Bristol-Myers Squibb says it will pay a record $1.85 billion to Nektar Therapeutics, a small biotech startup, for rights to its experimental cancer drug, codenamed NKTR-214. Nektar will book 65% of global profits on the drug, should it reach the market, with Bristol getting the other 35%.
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  • Uber Lost $1.1 Billion Last Quarter. That's a Big Improvement

    One year ago - By Fortune

    Things may be starting to look up for ride-hailing app Uber after a tumultuous 2017.
    During the fourth quarter, the company posted a loss of $1.1 billion , down from $1.46 billion in losses in the third quarter, according to figures first published by The Information Tuesday.
    Read: Uber's Waymo Settlement Seen as a Win for New CEO
    Uber's revenue for the quarter also grew to about $11.1 billion, up from $9 billion-a not insignificant accomplishment for CEO Dara Khosrowshahi in his first full quarter leading the company.
    The full year picture is less bright. Uber lost $4.5 billion in 2017...
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