Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Investcorp To Sell Skrill Group - Quick Facts

Investcorp, a provider and manager of alternative investment products, announced it has agreed for the sale of Skrill Group to funds advised by CVC Capital Partners for a total enterprise value of $800 million. Investcorp will retain a substantial minority position in the company and will continue to retain a seat on the Skrill board.

Skrill is one of Europe's largest online payment systems and among the world's largest independent digital wallet providers with over 36 million account holders.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.