Barry Rosenstein’s major hedge fund; JANA Partners has purchased more than 20 million class A shares of Zynga and Groupon stock according to Reuters. This represents approximately 3% of a stake in both tech stocks.
As a result, shares in each company rose on Wednesday with a combined value of USD200m. According to the source which analyses the funds first-quarter documents, an uncertain future could be in store for both companies.
“JANA Partners often pressures the companies it invests in to change their business strategies or sell themselves.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.