Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered. The all-stock deal is a modest...
In recent years, there has been a glamorization in startup culture and owning a company backed by investors. A “garage to riches” story is inherently more interesting than a founder talking about whether they should dip into their savings to float their business...
After more than three months of not being able to serve either food or drinks, KKR-owned Casual Dining Group (CDG), one of the UK’s largest restaurant groups, collapsed into administration, a form of bankruptcy under UK law, on Thursday. The company, which owns the...
The relationship between venture capitalists and founders is well discussed and understood. But another side is also critical in venture capital: the VC’s relationship with limited partners, or LPs—the ones providing the money that fund managers invest. ...
The UK’s Big Four accounting firms have until 2024 to separate their audit practices following a severe edict from the accounting regulator that marks the largest shake-up of the industry in decades. The Financial Reporting Council (FRC) has issued principles for the... 