Brokers Crypto News 

Coinify Completes Acquisition of Crypto Broker BetterCoins

“Coinify, a Copenhagen-headquartered payment platform for cryptocurrencies, announced this Friday that it has acquired BetterCoins, a virtual currency broker” writes Celeste Skinner for financemagnates.com. With the acquisition being completed today, customers of BetterCoins will have access to Coinify’s support system and more competitive pricing.According to the statement, the company chose BetterCoins due to an “overlap in corporate values.” BetterCoins is a fast-growing cryptocurrency broker that is also based in Denmark.The company also offers cryptocurrency trading, allowing customers to buy and sell cryptocurrency with credit card/bank transfer.Speaking on the acquisition, Romina…

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Right Networks Eyes SMB App Connectivity With Propelware Acquisition

“Small business (SMB) cloud accounting firm Right Networks has announced the acquisition of Propelware in an effort to connect its accounting technology to other areas of the enterprise” reports pymnts.com. In another statement, Propelware CTO Joe Dwyer also noted that the acquisition enables Propelware to scale more quickly than it could independently.Last year, Right Networks released a survey of SMBs’ views on cloud adoption.The capabilities of Autofy, coupled with the experienced team of people at Propelware, made this acquisition very compelling.” In addition to enhancing Right Networks’ interconnectivity capabilities, the…

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Verizon will write down $4.6 billion in value of Oath, the unit that combined AOL and Yahoo assets

“In November, Vestberg reorganized the business that was split between wireless and wireline businesses and created three main business segments: Verizon Consumer Group, Verizon Business Group, and Verizon Media Group” reports businessinsider.com. Verizon expects to write down the value of its Oath business by $4.6 billion in the fourth quarter of 2018.The Oath business unit — a combination of technology and media assets gained through a 2015 AOL acquisition and 2017 Yahoo acquisition — has seen seismic changes in its roughly one year of existence.”The new leadership at both Oath…

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Crypto News 

Coinsquare Acquires BlockEQ Wallet in Push to Expand Offering

“The trading venue is also making inroads into Asia as it plans to open a new cryptocurrency exchange in Japan” writes Aziz Abdel-qader for financemagnates.com. The acquisition also gives Coinsquare a wallet brand of its own and provides a security-audited system to transact digital assets.This acquisition is the first instance in which Coinsquare, aka Canada’s Coinbase, has shelled cash to buy out a smaller company in the blockchain space.Coinsquare, one of Canada’s biggest digital currency exchanges, today said it has purchased BlockEQ, a private Stellar wallet that also serves as…

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Avista shares fall sharply as utility commission blocks sale

“Avista shares tumbled after Washington state regulators denied approval of its acquisition by a Canadian utility” writes Seattle Times Business for seattletimes.com. Shares of Spokane-based Avista fell more than 15 percent early Thursday after the Washington Utilities and Transportation Commission said its proposed acquisition by Canada’s Hydro One doesn’t adequately protect Avista or the utility’s customers from political or financial risk. Avista shares were down $7.85 to $43.54 in morning trading, their lowest level since the companies announced the $5.3 billion deal in July 2017. “The companies are extremely disappointed…

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The company behind Taco Bell, KFC, and Pizza Hut is ‘always’ eyeing potential acquisitions. Here is what the president looks for.

“According to Gibbs, Yum Brands is “always” being presented with brands seeking acquisitions” writes Kate Taylor for businessinsider.com. We already have scale,” Yum Brands president and CFO David Gibbs told Business Insider following the company’s investor conference on Wednesday.The company has owned its three major chains — KFC, Pizza Hut, and Taco Bell — since the company was spun off from PepsiCo in 1997.Between the three chains, Yum has more than 45,000 locations around the world. Source: businessinsider.com Share This:

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GlaxoSmithKline’s credit rating revised to negative at Moody’s after Tesaro buyout deal

“TSRO, +0.26% Moody’s affirmed Glaxo’s A2 long-term credit rating and its Prime-1 short-term rating” writes Reporter Editor for marketwatch.com. The outlook on GlaxoSmithKline PLC’s GSK, -0.70% credit rating was revised to negative from stable at Moody’s Investors Service, which cited the drug giant’s proposed acquisition of Tesaro Inc.”We have changed [Glaxo’s] outlook to negative as the company will deleverage more slowly than expected following the acquisition of Tesaro,” said Moody’s analyst Knut Slatten.”While the acquisition allows for a solid strengthening of [Glaxo’s] oncology franchise, we expect credit metrics to remain…

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FPL’s parent company grows amid criticism that it’s too big

“The natural gas plants are part of $6.48 billion in acquisitions from Atlanta-based Southern Company, announced earlier this year by NextEra” writes Marcia Heroux Pounds for sun-sentinel.com. Juno Beach-based NextEra Energy, parent company to Florida Power & Light Co., said Tuesday it has completed its acquisition of Atlanta-based Southern Co.’s natural gas plants near Orlando and Cocoa, Fla.In July, NextEra completed its acquisition of Florida Gas from Southern Co. for $530 million in cash.Jim Robo, chairman and CEO of NextEra, said the company is still targeting completion of the Gulf…

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Uber did little to downplay reports it wants to buy scooter firms Bird or Lime in a deal potentially worth billions

“Uber has done little to downplay speculation that it is about to swoop for one of the fast-growing Silicon Valley electric scooter firms, Bird or Lime” writes Jake Kanter for businessinsider.com. Read more: Uber is reportedly holding talks to buy electric scooter firms Bird and Lime After initially saying that Uber would not comment on the speculation, she added that the ride-hailing firm’s interest in the space means that talk of acquisitions will be inevitable. Source: businessinsider.com Share This:

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Qualcomm says NXP deal is dead, even as China seen open to okaying it

“Qualcomm paid NXP a $2 billion fee to terminate the deal and embarked on a $30 billion stock repurchase plan to appease shareholders miffed by the deal falling through” writes Min Read for reuters.com. After high-stakes talks on Saturday between U.S. President Donald Trump and Chinese President Xi Jinping in Argentina, the White House said that China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP “should it again be presented”.Qualcomm, the world’s biggest smartphone-chip maker, walked away in July from the mammoth deal to buy…

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