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SoFi Plans for More Mergers After Going Public Through SPAC


SoFi Plans for More Mergers After Going Public Through SPAC
Bloomberg
1/7/2021
Shahien Nasiripour and Sonali Basak
© Bloomberg
Chamath Palihapitiya, founder and chief executive officer of Social Capital Hedosophia Holdings Corp., speaks during an interview following Virgin Galactic Holdings Inc. s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Oct. 28, 2019. Richard Branson s Virgin Galactic Holdings Inc. became the first space-tourism business to go public as it began trading Monday on the New York Stock Exchange with a market value of about $1 billion.
(Bloomberg) Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion. ....

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Philips Buys BioTelemetry for $2.8 Billion in Cardio Push


Philips Buys BioTelemetry for $2.8 Billion in Cardio Push
Bloomberg
12/18/2020
Andrew Noël
© Bloomberg
With the global coronavirus pandemic still raging, demand for Philips’s equipment that allows doctors and nurses to provide real-time care over the cloud is surging.
(Bloomberg) Royal Philips NV agreed to buy U.S.-based BioTelemetry Inc. for $2.8 billion to expand in wearable heart monitors as the Dutch company expands in the burgeoning at-home care market.
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Shareholders of Conshohocken, Pennsylvania-based BioTelemetry will receive $72 a share in cash, Philips said in a statement Friday, a 17% premium over Thursday’s closing price.
With the global coronavirus pandemic still raging, demand for Philips’s equipment that allows doctors and nurses to provide real-time remote care over the cloud is surging. The Amsterdam-based company expects the BioTelemetry purchase to add to sales growth and expand ....

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