Legal Disclaimer
You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.
March 30, 2021
Visa Inc. and fintech startup
Plaid recently called off their proposed $5.3 billion merger. In the digital payments realm, the news was greeted by cheers and jeers. Sure, some unicorn dreams got dashed with follow-on floodgates now seemingly switched off. But ultimately competition should flourish.
And even assuming Visa,
MasterCard, American Express, PayPal and
Square collectively capture the lion’s share of the transaction facilitation market, its sheer enormity still commands attention.
Take B2B payments: an estimated $120 trillion changes hands per year globally. With sums like that at stake – and considering the momentum of the past two years – fintech’s payments-related realms should expect to experience a flurry of activity in 2021.
socaltech.com
Los Angeles-based property technology investor
Fifth Wall has raised $300M in a Special Purpose Acquisition Company (SPAC) last week,
Fifth Wall Acquisition I. Fifth Wall s SPAC offering was run by Goldman Sachs & Co and Deutsche Bank Securities. Fifth Wall Acquisition I said it had not yet selected any business combination target for the SPAC. The SPAC is Fifth Wall s first; the firm has been a very active investor in the region in technology companies. Fifth Wall Acquisition I said it intends to identify and acquire a technology business focusing on verticals of the real estate industry, as well as the adjacent industries although it may pursue an acquisition in any business, industry, sector or geographical location. The use of Special Purpose Acquisition Companies (SPACs) has been the most active area of exits and moves to the public markets in the last year.
Among other things, 2020 will be remembered as a year that saw a boom in the use of Special Purpose Acquisition Companies (SPACs) as a robust alternative to an initial public offering.
MSU athletics receives $32 million donation, largest single donation in school history Former men s basketball players left to right, Jason Andreas, Mateen Cleaves and Matt Ishbia chat during halftime during the game against Florida on Dec. 12, 2015 at Breslin Center. The 2000 basketball team was honored during halftime.
Michigan State University Athletics is receiving their largest single cash commitment in school history from men s basketball alumnus Mat Ishbia, according to a release from MSU Athletics.
Ishbia has committed $32 million to benefit MSU Athletics in a variety of ways, including a significant expansion of athletic facilities, funds to support career services and as well as enhancing the university s athletics overall, the release states.