of Lithuania vintado has secured a new valuation of 5 billion euros (around 5.4 billion dollars at the current exchange rate), after the second-hand fashion market closed a secondary sale of shares worth 340 million euros (367 million dollars). The transaction was led by the private equity giant. TPGwith other new entrants including Baillie Gifford, … Read more
Reforms to workplace rights could cost businesses up to £5bn a year, according to the government's own analysis, which also found the changes will benefit low-paid employees most, with some shift workers potentially earning £600 additional per year. In the analysis, the government acknowledges that businesses will end up paying more, including for changes to … Read more
Not everyone is convinced of the return on investment of generative AI. But many investors are, judging by the latest figures from funding tracker PitchBook. In the third quarter of 2024, venture capitalists invested $3.9 billion in generative AI startups across 206 deals, according to PitchBook. (That's not counting OpenAI's $6.6 billion round.) And $2.9 … Read more
U.S. insurer Blue Cross Blue Defend agreed to pay $2.8 billion to settle class-action antitrust lawsuits filed by hospital systems, doctors and other health providers who alleged they were underpaid for reimbursements, the plaintiffs said in a filing recently filed with a Alabama federal court. The settlement is the largest ever reached in an antitrust … Read more
Website builder Square Space is no longer a publicly traded company, after private equity firm Permira acquired all of the company's remaining common stock. Permira first revealed its plans to acquire Squarespace in May, offering shareholders of the NYSE-listed company $44 per share, which equated to a $6.6 billion equity valuation and enterprise valuation. of … Read more