Time Inc. Sells INVNT

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NEW YORK — Time Inc. has sold INVNT, a branding agency that specializes in live events and creative services, based in New York City. The business was purchased back by INVNT founding partners Scott Cullather, CEO, and Kristina McCoobery, COO, (photo above) as part of Time Inc.’s strategy to focus on key assets that are …

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Nasdaq Acquires Sybenetix

NEW YORK — Nasdaq, Inc. announced it will acquire Sybenetix, a leading surveillance provider that combines behavioral analytics and cognitive computing with financial markets expertise. Based in London, Sybenetix’s technology is designed to solve key surveillance challenges facing the asset management industry.  Terms of the deal weren’t released. The addition of Sybenetix to Nasdaq’s Risk …

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KKR to Buy WebMD for $2.8 Billion

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NEW YORK — WebMD Health Corp., which operates a network of health information sites has agreed to be acquired by Internet Brands, a KKR portfolio company, in a deal valued at $2.8 billion or $66.50 per share. WebMD has been looking to sell itself for the past year. Shares in the company closed at $66.10 Monday, up …

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NY Sports Club Owner to Buy Lucille Roberts Health Clubs

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NEW YORK — Town Sports International Holdings Inc., (TSI), the owner and operator of New York Sports Clubs (NYSC), has entered into an agreement to acquire the Lucille Roberts Health Clubs chain.  The transaction will close within the next month. The terms of the deal weren’t announced and will add 16 clubs to TSI’s portfolio in the Northeast and …

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Bankrate Sold for $1.4 Billion

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NEW YORK and CHARLOTTE, N.C. — Bankrate, a personal finance site based in New York, is being acquired by Red Ventures of Charlotte in an all-cash transaction worth $1.4 billion. Under the terms of the merger agreement, Bankrate shareholders will receive $14.00 per share in cash, which represents a premium of approximately 31 percent over …

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BlackRock Buys Cachemetrix

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NEW YORK — BlackRock has agreed to acquire Cachematrix, a leading provider of financial technology which simplifies the cash management process for banks and their corporate clients in a streamlined, open-architecture platform.  Terms of the deal weren’t disclosed. Cachematrix supports approximately $200 billion in client assets through relationships with many of the world’s largest banks …

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AKC Pet Care Buys SPOT Canine Club NYC Locations

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NEW YORK — AKC Pet Care LLC has acquired all of SPOT Canine Club’s locations in NYC. The acquired facilities are located in Tribeca, Chelsea, Upper West Side, Midtown West, and the Upper East Side.  Additionally, the company has relationships with two residential onsite amenity spaces – the SKY building and Mercedes House, both luxury buildings. The SPOT …

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Amazon Buying Whole Foods for $42 Per Share

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Amazon, the Internet’s largest retailer, is getting into the physical supermarket business by agreeing to purchase Whole Foods Market for $42 per share or about $13.7 billion. Amazon is looking to expand into the grocery business and is paying all cash for the organic grocery chain, which has 460 stores in the U.S., Canada and …

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TIAA Completes Deal for Everbank

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NEW YORK — TIAA, a leading financial services provider, announced has completed its acquisition of Florida-based EverBank Financial Corp (NYSE:EVER) and its wholly owned subsidiary EverBank. The transaction was originally announced August 8, 2016. The deal significantly expands TIAA’s existing retail banking and lending products and complements the company’s full suite of retirement, investment and …

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SiriusXM Makes $480 Million Investment in Pandora

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NEW YORK and OAKLAND — SiriusXM, the leading satellite radio service, has agreed to make a $480 million strategic cash investment in streaming music site Pandora. Under the terms of the agreement, a subsidiary of SiriusXM will purchase an aggregate of $480 million in newly issued Series A convertible preferred stock of Pandora. SiriusXM purchased $172.5 …

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Goldman Sachs Invests in Information Builders

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NEW YORK — Goldman Sachs has made an undisclosed investment in Information Builders, a leader in business intelligence (BI) and analytics, data integrity, and integration solutions based in NYC. The growth equity investment was made by Goldman Sachs’ Private Capital Investing group. This investment will extend Information Builders’ leadership position in the large and growing …

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Citi Unloads Fixed Income Analytics for $685 Million

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NEW YORK – Citi has entered into an agreement to sell its Fixed Income Analytics and Index Businesses to London Stock Exchange Group (LSEG) for $685 million in cash. The transaction includes Citi’s fixed income analytics platform, The Yield Book, and Citi Fixed Income Indices which include the World Government Bond Index (WGBI). The deal …

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