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Source: Greenoaks, one of Brex's top investors, will return twice its investment after Capital One's Brex acquisition for $5.15B in a half-cash, half-stock deal (The Information)
Capital One is acquiring Brex for $5.15 billion in a half-cash, half-stock transaction. Brex specializes in technology for corporate credit cards, expenses, and rewards, giving Capital One access to tools used by thousands of companies. Early investors, including Greenoaks, expect to receive roughly twice their original investment.
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Cómo se informó
- Hacker News·Capital One to acquire Brex for $5.15B
- TechMeme·Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock (Wall Street Journal)
- TechCrunch·Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank
- TechMeme·Source: Greenoaks, one of Brex's top investors, will return twice its investment after Capital One's Brex acquisition for $5.15B in a half-cash, half-stock deal (The Information)