Last week came news that three well-known, highly-valued tech startups have filed confidential IPO documents with U.S. securities regulators: Uber, Lyft and Slack.
There's also been talk that Uber and Lyft are "racing" each other to go public first. This one is a bit more complicated.
Elon Musk last night continued to poke the grizzly, by telling 60 Minutes:
"I want to be clear. I do not respect the SEC."
• Update: ParkJockey today confirmed our report from last week that it's received big funding from SoftBank and Mubadala to acquire two parking garage operators.
• Shortlist: Blackstone Group senior advisor Wayne Berman is being floated as a possible replacement for John Kelly as White House Chief of Staff, just like he was when Reince Priebus was on his way out.
Good Money, a Los Angeles-based digital banking platform that will donate half of its profit to “impact projects,” raised $30 million in Series A funding. Galaxy Digital led, and was joined by Breyer Capital, Blocktower Capital, Boost VC, Blockchange Ventures, Cross Culture Capital and individual angels.
• G7, a Beijing-based fleet management company, raised $320 million. Hopu Investments led, and was joined by China Broadband Capital, Intelligent Fund of Funds, Mount Morning Capital, Total Energy Ventures, TH Capital and return backers Tencent, GLP and Bank of China Investments. http://axios.link/xOO7
• Toss, a South Korean P2P digital wallet startup, raised $80 million at a $1.2 billion valuation. Kleiner Perkins and Ribbit Capital co-led, and were joined by Altos Ventures, Bessemer Venture Partners, Goodwater Capital, KTB Network, Novel, PayPal and Qualcomm Ventures. http://axios.link/rSOr
• NavVis, a German provider of indoor spatial intelligence solutions for enterprises, raised $35.5 million in Series C funding. Digital+ Partners led, and was joined by Kozo Keikaku Engineering and return backers MIG, Target Partners and BayBG. www.navvis.com
• Avochato, a San Francisco-based provider of text messaging software for CRM, raised $5 million in Series A funding led by Amity Ventures. www.avochato.com
• The Carlyle Group will acquire a majority stake in Accelerate Learning, a Houston-based provider of preK-12 STEM education products and services. Quad Partners also is investing, while existing backers include Owl Ventures and Rice Management Co. www.acceleratelearning.com
• Siris Capital and Elliott Management agreed to buy Travelport Worldwide (NYSE: TVPT), a UK-based travel software company, for around $4.4 billion in cash (including assumption of $2.4b in debt), or $15.75 per share. Elliott disclosed a 12% stake in the company back in March and then pushed for a sale. http://axios.link/7BSC
🚑 TA Associates and GI Partners invested in Netsmart Technologies, an Overland Park, Kansas-based provider of electronic medical records and management process software, from Allscripts (Nasdaq: MDRX).www.ntst.com
🎥 Alibaba (NYSE: BABA) will increase its stake in movie studio Alibaba Pictures (HK: 1060) from 49% to 50.92%. http://axios.link/pF26
• Facebook (Naasdaq: FB) said it will buy back an additional $9 billion of shares. http://axios.link/NFgH
• Google acqui-hired the team of Sigmoid Labs, the maker of a train-tracking app in India, for between $30 million and $40 million. http://axios.link/5sR5
• Junior Bridgeman, a former NBA player turned fast-food franchise mogul, is in advanced talks to buy Sports Illustrated for around $150 million from Meredith Corp. (NYSE: MDP), per Reuters. http://axios.link/nDV2
🚑 Tivity Health (Nasdaq: TVTY) agreed to buy diet plan company Nutrisystem (Nasdaq: NTRI) for $1.4 billion in cash and stock. http://axios.link/R09D
🚑 Advent Life Sciences is raising around $281 million for its third VC fund, per an SEC filing. www.adventls.com
• EQT Partners closed its second mid-market credit fund with €2.3 billion. www.eqtpartners.com
• Lindsay Goldberg is raising up to $4 billion for its fifth buyout fund, per a public pension document. www.lindsaygoldbergllc.com
• TXV Partners, a Dallas-based VC firm focused on “millennial-friendly” startups in the consumer, fintech and blockchain spaces, raised $50 million for its debut fund. http://axios.link/3NXP
• Ted Eliopoulos, former chief investment officer for CalPERS, joined Morgan Stanley as vice chairman and head of strategic partnerships, per Institutional Investor. http://axios.link/IZ9Y
• David Weild, former vice chair of the Nasdaq, joined Alzheimer’s-focused investment firm InvestAcure as co-founder and vice chairman. www.investacure.com
More from Felix Salmon:
The price on the benchmark 10-year Treasury bond rose from 100.22 on Monday morning to 102.12 at the close on Friday.
That's a massive move in the world of bond investors. It brought the yield on the bond from 3.04% all the way down to 2.85%. (Yields go down when prices go up.) Bonds vastly outperformed the stock market, which fell by 5.6% from Monday's open to Friday's close.
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