Tencents 60,000% Runup Leads to One of the Biggest VC Payoffs Ever
March 26, 2018

  • Media giant to reduce its stake in Chinese game maker by 2%
  • Sale to reduce valuation gap of share price and Tencent stake

South African media company Naspers Ltd. is cashing in a sliver of one of the greatest venture-capital Continue reading

Thiel’s Founders Fund Has Been Quietly Buying Bitcoin Since 2012
January 10, 2018

Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012.

Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing small Continue reading

Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
January 7, 2018

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge Continue reading

Bitcoin Surges After World’s Biggest Exchange Announces Plans for Futures
November 4, 2017

The allure of bitcoin was too much for CME Group Inc.

The world’s largest exchange owner reversed course today and said it plans to introduce bitcoin futures by the end of the year, only a month after dismissing such a Continue reading