Company & Industry Overviews
eBay’s PayPal will acquire online money transfer company Xoom for $890 million. PayPal will pay Xoom $25 per share.
In 3Q14, Eminence Capital’s portfolio increased slightly to $6.83 billion, compared to $6.05 billion in the second quarter.
Increased mobile adoption of Xoom’s mobile products led Latin America revenue, which rose 48% YoY. Gross sending volume increased 29% YoY.
On December 5, 2014, Vista Equity Partners completed the acquisition of TIBCO for $4.3 billion, or $24 per share, in a cash transaction.
In December 2014, Fidelity National Financial agreed to acquire BPG Holdings, a leader in home warranties, home inspections, and commercial inspections.