The founder of Silicon Valley Bank’s investment bank Jeff Leerink has won approval from U.S. bankruptcy court to buy the business for up to $130 million,...
The founder of Silicon Valley Bank’s investment bank Jeff Leerink has won approval from U.S. bankruptcy court to buy the business for up to $130 million, according to reports late Wednesday. Silicon Valley Bank had acquired Leerink Partners in 2018 for $280 million. SVB Financial Group SIVPQ has been cleared by the court to sell SVB’s investment bank to a group of buyers led by Leerink.
bankruptcy court to buy the business for up to $130 million, according to reports late Wednesday. Silicon Valley Bank had acquired Leerink Partners in 2018 for $280 million. SVB Financial Group SIVPQ has been cleared by the court to sell SVB’s investment bank to a group of buyers led by Leerink. The transaction will be backed with up to $100 million from the Baupost Group, plus $30 million in financing from a group led by Leerink, said the reports, which cited court filings.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Breakingviews - Ghost of Silicon Valley Bank turns up in ItalyA crisis at a small Italian insurer has rekindled concerns about the effect of rising rates. The rapid collapse of Silicon Valley Bank earlier this year was largely down to an ill-advised bond portfolio and liabilities that were less sticky than assumed. While Italy’s Eurovita isn’t a bank, its demise has some similarities with events across the Atlantic.
Weiterlesen »
Silicon Sickos: Pedophiles Use 'Uncensored' AI Chatbots to Generate Child Pornography'Uncensored' AI chatbots being used by pedophiles to generate child pornography and graphic sexual abuse fantasies. The FBI warns of a spike in internet predators using open-source AI tech to create 'sexually-themed images that appear true-to-life.'
Weiterlesen »
Festival Napa Valley a community staple 17 years onWineries, resorts and estates in California wine country will teem with music, food and — of course — wine once again this summer at napafest.
Weiterlesen »
Delaware Valley celebrates Fourth of July weekendDespite sweltering humidity and occasional pop-up thunderstorms, there was plenty to do across the Delaware Valley this Fourth of July weekend.
Weiterlesen »
New U.S. citizens across the Valley sworn in on 4th of JulyThis July 4th was an unforgettable day for nearly 100 Americans and their families at South Mountain Community College in Phoenix. MORE ⬇️
Weiterlesen »
1 dead in Spring Valley shooting, San Diego County Sheriff's deputies still looking for shooterOne person is dead after a fatal shooting in Spring Valley Tuesday night while San Diego County Sheriff’s Deputies searched for the shooter, according to SDSO Watch Commander Lt. Michael Pepin.
Weiterlesen »