November 18, 2020

Cyndx Insights is your daily window to the business world, focusing primarily 
on M&A activities, capital markets, and important technology trends.

Daily Insights provides global business coverage and categorizes
financial news from U.S.Europe and Asia.

U.S. & Canada

IBM is Acquiring APM Startup Instana

As IBM transitions from software and services to a company fully focussed on hybrid cloud management, it announced  its intention to buy Instana, an applications performance management startup with a cloud native approach that fits firmly within that strategy. Read more on
Image: Michael Vi /

Searchlight Capital Pulls in $3.4B

Searchlight Capital Partners closed its latest private equity fund, Searchlight Capital III, at $3.4 billion, exceeding its $2.75 billion fundraising target, a spokeswoman said in an email. The new fund is 79% larger than its predecessor fund, the $1.9 billion Searchlight Capital II. Read more on
Image: ra2 Studio /

Duolingo Has Raised $35M at a $2.4B Valuation

The company has confirmed that it has raised $35 million in funding from two investors, Durable Capital and General Atlantic. The funding is bringing the valuation of Duolingo up to $2.4 billion. Read more on
Image: Daniel Constante /

Embracer Group Acquires 12 Game Studios and a PR Firm

Embracer Group (formerly THQ Nordic and Nordic Games Publishing) to slow down, because the game publisher just decided to acquire 12 game studios.The deals are smaller in nature, but is yet more proof that the game industry has gone wild with deal-making. Read more on Venturebeat
Image: courtesy of THQ Nordic

Uber Looks to Partner with Other Self-Driving Companies 

Uber Technologies Inc's self-driving unit is looking to partner with other companies working on autonomous driving, the company's chief executive officer said on Wednesday. Read more on
Image: Tero Vesalainen /

Tencent to Invest in Online Education Startup Udemy

Chinese technology company Tencent Holdings Ltd. is a lead investor in a funding round that valued the online education startup Udemy Inc. at more than $3 billion, according to people familiar with the matter. Read more on Yahoo
Image: Daniel Constante /

Timing is Everything

Staying ahead of the curve is a key to success and those who act first reap the rewards.  That's why Cyndx created the Projected to Raise algorithm to identify those companies that are likely to need additional capital in the next 6 months.  See it now on Cyndx

Image: Chesky /

More U.S. Capital Raising and M&A Highlights

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News Corp to Join Battle for Simon & Schuster

Rupert Murdoch’s News Corp will this week vie with German media group Bertelsmann to buy Simon & Schuster in an auction that has become a battle for scale between two of the world’s biggest book publishers. ViacomCBS expects final bids for its Simon & Schuster publishing arm this week, with a floor for offers set at $1.7bn, significantly in excess of initial estimates.  Read more on Finanz

Image: Leonard Zhukovsky /

Digital Currency Could Help with Negative Interest Rates, Says BoE's Haldane

The Bank of England’s chief economist has outlined how digital currency could allow interest rates to be cut below zeroAndy Haldane told a conference in London that the move would mitigate, or eliminate, the zero lower bound -- meaning savers could one day be charged on their deposits. Read more on
Image: Panuwatccn  /

Russian eCommerce Giant Ozon Files For IPO Approaching $1B

The “Amazon of Russia” filed paperwork on Tuesday (Nov. 17) calling for an IPO worth nearly $1 billion, as reported by Barron’s. According to a U.S. Securities and Exchange Commission (SEC) filing, Ozon will issue 34.5 million shares on the Nasdaq stock exchange at between $22.50 and $27.50 apiece.  Read more on

Image: venimo /

Qiming Venture Partners Closes Fund VII, at US$ 1.2 Billion

Qiming Venture Partners, a Shangai, China-based venture capital firm, closed Qiming Venture Partners Fund VII, at $1.2 billion. As in prior funds, the vast majority of commitments come from a group of endowments, foundations, family offices, and private pensions. Read more on
Image: Ahmetov Renat

Singapore Startup Founders Need Time to Turn US$1.8B Equity to Real Gains

According to data compiled using intelligence platform VentureCap Insights and regulatory filings, the founders of 20 prominent Singapore startups already hold equity worth about US$1.77 billion, even though they are some distance from their exits. Read more on
Image : Mix and Match Studio /

Mixed Reactions to DBS India's Proposed Takeover of Cash-Strapped Bank

South East Asia's largest lender DBS could make further inroads into the tough-to-crack India market if the proposed takeover of cash-strapped Lakshmi Vilas Bank (LVB) goes through, even though it will be saddled with the costs of turning around a distressed asset over the next few years, said analysts. Read more on
Image: creativa images  /

More International Capital Raising and M&A Highlights

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