BlackRock leads $640 mln funding in tech firm Trax

BlackRock leads $640 mln funding in tech firm Trax

Image recognition technology provider Trax said on Wednesday it had raised $640 million in new capital in a funding round led by SoftBank Group Corp’s Vision Fund 2 and BlackRock Inc. The funding round, the biggest in Trax’s history, also drew new investors such as...
Buyout Firms Team Up on More Than $15 Billion KPN Bid

Buyout Firms Team Up on More Than $15 Billion KPN Bid

A pair of private-equity firms have teamed up to make a bid for Royal KPN NV that could value the Dutch communications-services provider at more than $15 billion, according to people familiar with the matter. Funds prepare to conduct due diligence with goal of...