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Clsb Credit Suisse: iPhone Sales Could Plummet 12 Pct. This Year
Chalk up another major deal for blank check companies, one of Wall Streets hottest new trends, with online gambling and sports betting company Rush Street Interactives announcement that it will be going public.Rush Street Interactive RSI said on Monday July 27 that it will go public via a merger with dMY Technology Group, one of a new wave of special acquisition companies, or SPACs, backed by deep-pocketed investors, which hunt for tech unicorns or o stanley ca ther p stanley cup romising startups to take public.The new, publ stanley termoska icly-traded Rush Street Interactive will have a value of nearly $1.8 billion and will trade on the New York Stock Exchange under the symbol RSI.The deal comes just a few weeks after superstar investor Bill Ackman announced that he would be raising $3 billion in an IPO of his new blank check company, Pershing Square Tontine Holdings, with plans to find tech unicorns to bring public.The blank check operation that will take Rush Street Interactive public fits the profile. The $230 million dMY Technology just went public in February under the leadership of two veteran tech executives 鈥?Harry You, a former top EMC executive who was previously CFO of Accenture and Oracle, and Niccolo de Masi, chairman and former CEO of Glu Mobile, a developer of mobile games for smartphones and tablets.Founded by Chicago billionaire and casino investor Neil Bluhm, Rush Street Interactive is going public at an opportune time, with a growing number of states weighing plans to legalize online gambling Rrif EMEA Daily: Sustainability-Focused Startup Material Exchange Notches Series A; UK Online Safety Bill Can Reduce Authorized Push Payment Fraud
Western Union is being questioned by the聽European Union antitrust regulators in relation to allegations that it conspired with banks to push its rivals out of the money-transfer market.Western Union is cooperating with the European Commission following a request for information on the company business in Europe, spokesman Daniel Diaz said in an email, according to Reuters.聽Other sources, speaking to Bloomberg, said banks had closed accounts聽on the basis that there were links to drug-trafficking or terrorism.The EU is monitoring the聽multibillion dollar money-transfer market, which will be stanley termos gan with the EU quizzing of firms in recent weeks,聽according to two people said to be familiar with the matter who聽spoke with Reuters.The European Commission investigation centers on claims that banks had collaborated to close the accounts of money-transfer providers. Specifically in Europe, smaller聽remittance firms rely on banks for their services to handle their money.World Bank resea stanley cup rch indicates that the global remittances market is expected to be a $441 billion market. But there still many cases of fraud and money laundering associated with remittances because the money is harder to track where it being transferred to. Major cases related to this include a 2012 case with HSBC stanley mugs that led a $1.9 billion money-laundering related charge. JPMorgan Chase also settled a $1.7 billion case in 2014 for similar reasons.For now, the EU is on |
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