Sectors
Fosun International likely to acquire Forbes Media for less than $250M
China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.
Will Bitcoin Bury the Banks?
The emergence of cryptocurrencies, especially Bitcoin, has raised many to speculate whether the concept of a global digital currency is inevitable in today's society. Andrew Filipowski, founder and former CEO of PLATINUM technology, inc and current Chairman & CEO of SilkRoad Equity, believes that the value and promise of Bitcoin can completely revolutionize the global economy and has the inevitable potential to bypass banks altogether.
MyFitnessPal purchases Sessions for undisclosed amount
Weight loss app MyFitnessPal has acquired Sessions, a Rock Health-backed startup that has developed an app that connects individuals with fitness experts who encourage accountability in their workouts, VentureBeat reported.
Robocoin to open first Bitcoin ATM in the US on February 20
Robocoin will be opening the first Bitcoin ATM in the US at the HandleBar tavern located in Austin, Texas. The machine will be operational starting Thursday, February 20 at 2 PM, TechCrunch reported.