Category: Transactions

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March 19, 2023

The Pornhub Acquisition: Just A Fake Transaction To Escape Public Scrutiny?

MindGeek, the Luxembourg-based operator of several porn sites, including Pornhub, Brazzers, and Redtube, was acquired by Canadian private equity firm Ethical Capital Partners (ECP). The financial terms of the deal were not disclosed. MindGeek has been a giant in the online porn industry since. In June 2022, Visa stopped working with the company after lawsuits and public criticism. On Twitter, it is claimed that the purchase of MindGeek was just a fake. Here is a short report.
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Payvision accused of financial crimeN
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March 3, 2023

Not ING! How U.S Banking Giant JP Morgan Deals With Its Disastrous FinTech Takeover Deal!

In the U.S., the banking giant JP Morgan paid $175 million for Frank, a fintech startup founded by former CEO Charlie Javice in 2016. Frank offers software to improve the student loan application process for young Americans seeking financial aid. Now, JP Morgan is suing the 30-year-old founder and the startup's former Chief Growth Officer, Olivier Amar for allegedly lying about its scale and success by creating an enormous list of fake users to entice the financial giant to buy it.
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Prosus terminates the BillDesk takeover transactionP
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October 4, 2022

Prosus Terminates The $4.7 Billion Acquisition Of Indian BillDesk!

The Dutch-South African Prosus has scrapped the $4.7 billion acquisition of BillDesk, which would have been one of the largest in India's financial technology sector, was "terminated," saying conditions of the deal had not been met. Indian antitrust regulator had approved the acquisition on Sept. 5, more than a year after it was announced, despite concerns that BillDesk and Prosus-owned PayU would lead to concentration on India's payments market.
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