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Stock impact report

General Atlantic Nears Deal to Buy Stake in Tech Firm Kyriba [Yahoo! Finance Canada]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
(Bloomberg) -- General Atlantic agreed to buy a minority stake in US treasury-management software provider Kyriba Corp. from Bridgepoint Group Plc. Most Read from Bloomberg The deal values the San Diego-based company at more than $3 billion and is expected to close this quarter, according to a statement on Wednesday, confirming an earlier Bloomberg News report. Bridgepoint plans to re-invest in Kyriba and remain its majority shareholder. Financial terms were not disclosed. Bridgepoint took majority control of Kyriba in 2019 for $1.2 billion. The London-listed firm considered a sale of the software provider about two years ago, Bloomberg News reported at the time. Bridgepoint launched an auction process this year to explore bids for all or part of the company, the people have said. Kyriba helps corporate finance executives manage foreign exchange processes, improve financial controls and reduce fraud risks through intelligence and financial automation. It serves nearly 3,000 c Show less Read more
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