Sources: Eight Roads, a VC backed by Fidelity billionaire Johnson family, opts not to sell its stakes in ~40 Chinese tech companies as geopolitical factors ease
Eight Roads, a venture capital firm backed by Fidelity Investments' billionaire Johnson family, has shelved plans to sell its holdings …
UK-based Octopus Energy reaches a deal to sell about $1B of equity in Kraken Technologies, its tech spin-off, at an $8.65B valuation to a syndicate of investors
Investors including D1 Capital Partners, Fidelity and Ontario Teachers' Pension Plan to purchase $1bn in equity
Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M
New York Times :
Global Payments acquires the 45% stake in Worldpay that Fidelity still owned and buys the 55% held by PE firm GTCR, in a deal valuing Worldpay at $24.3B
A trio of deals valuing Worldpay at $24.3 billion created a new behemoth in payment processing and cracked open a merger market that's …
CoreWeave, which offers Nvidia GPUs in the cloud, closed a minority stake sale to investors led by Fidelity; sources say the sale values the startup at $7B
Bird agrees to go public via a SPAC, at an implied value of around $2.3B; the deal includes a $160M investment led by Fidelity
The E-scooter company will ride its way to the New York Stock Exchange.
Morgan Stanley says it will buy online discount brokerage E-Trade for about $13B, in the biggest takeover by an American lender since the 2008 financial crisis
Who remembers Super Bowl XLII? Business Wire : Morgan Stanley to Acquire E*TRADE, Creating a Leader in all Major Wealth Management Channels Maggie Fitzgerald / CNBC : Morgan Stanley to buy E-Trade for...
Fidelity announces a new company called Fidelity Digital Asset Services that will handle cryptocurrency custody and trade execution for institutional investors
and then promptly turn around and give it to Fidelity for safekeeping: http://www.cnbc.com/...
Sources: Fidelity has been working on a digital asset exchange for about a year; internal job posting also hints at plans for a cryptocurrency custody service
Frank Chaparro / Business Insider :
Fidelity wrote down the value of its stake in Snapchat by 25% in the third quarter
Financial Times :