Exclusive: Tiger Global Pumps $6 mn More into Video Platform TVF in Down Round (VCCircle.com)
The Viral Fever (TVF), an over-the-top (OTT) platform which creates original video content, has raised an additional $6 million (around Rs 41 crore at current exchange rates) from existing investor Tiger Global, two persons with direct knowledge of the matter told VCCircle. Operated by Contagious Online Media Network Pvt. Ltd, TVF raised the fresh capital at an estimated post-money valuation of around $40 million (around Rs 270 crore), one of the above-mentioned persons said on the condition of anonymity.
Hedge Fund Titan Paulson Takes on Tiny Toronto Gold Miner (The Wall Street Journal)
John Paulson made his name betting against the U.S. housing market and taking on American International Group Inc. Now his hedge fund is zeroing in on a small Toronto-based gold miner that in April cut its 2018 free cash flow guidance in half. A clash between Paulson & Co. and Detour Gold Corp. heated up this week, centering on differences over strategy and an exchange of barbed comments.
Luis Louro / shutterstock.com
Hedge fund Elliott raises stake in Japan’s Alpine (Reuters)
TOKYO (Reuters) – U.S. hedge fund Elliott Management has raised its stake in Alpine Electronics Inc (6816.T) to 6.3 percent, a regulatory filing showed, in a move that could add pressure on the Japanese company to reward minority shareholders. That followed a filing last week that showed Elliott had taken a 5.12 percent stake, saying it could make “significant proposals” to the components maker. Elliott’s stake buy comes as Hong Kong-based activist fund Oasis Management, which holds a near-10 percent stake in Alpine, attempts to block the sale of Alpine to larger affiliate Alps Electric Co Ltd (6770.T), arguing the sale price is low.
Insider Buying: Walgreens Boots Alliance Inc (WBA) COO Buys $110,755,000.00 in Stock (PressOracle.com)
Walgreens Boots Alliance Inc (NASDAQ:WBA) COO Ornella Barra bought 1,700,000 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was acquired at an average cost of $65.15 per share, with a total value of $110,755,000.00. The acquisition was disclosed in a document filed with the SEC.
Insider Selling: Oracle Co. (ORCL) Director Sells $2,164,050.00 in Stock (MareaInformativa.com)
Oracle Co. (NYSE:ORCL) Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,345,029.21. The sale was disclosed in a filing with the SEC.
Insider Selling: Sonic Drive-In (SONC) VP Sells 21,896 Shares of Stock (WeekHerald.com)
Sonic Drive-In (NASDAQ:SONC) VP E Edward Saroch sold 21,896 shares of the stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $36.46, for a total transaction of $798,328.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Selling: Pfizer Inc. (PFE) CEO Sells $18,185,092.08 in Stock (PressOracle.com)
Pfizer Inc. (NYSE:PFE) CEO Ian C. Read sold 486,753 shares of the stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $37.36, for a total transaction of $18,185,092.08. Following the completion of the sale, the chief executive officer now owns 1,145,693 shares of the company’s stock, valued at approximately $42,803,090.48. The sale was disclosed in a filing with the Securities & Exchange Commission.
Insider Selling: Charles River Laboratories Intl. Inc (CRL) COO Sells 11,126 Shares of Stock (MaconDaily.com)
Charles River Laboratories Intl. Inc (NYSE:CRL) COO Davide Molho sold 11,126 shares of the company’s stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $120.00, for a total transaction of $1,335,120.00. Following the transaction, the chief operating officer now owns 44,805 shares in the company, valued at $5,376,600. The sale was disclosed in a filing with the SEC.
