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)
ThinkingNews Desk · how this was written
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.
Written from all 3 reports below, not from any single one.
How it was reported
- Hacker News·Capital One to acquire Brex for $5.15B
Capital One is acquiring Brex for $5.15B. The deal involves a significant investment in the financial technology sector. Brex will likely expand Capital One's services.
- 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)
Capital One is acquiring Brex for $5.15B in cash and stock. Brex specializes in tech for corporate credit cards, expenses, and rewards. The deal gives Capital One access to technology used by thousands of companies.
- TechCrunch·Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank
Capital One acquired Brex at a discount. Early investors are still seeing a significant return. The sale is a triumph for initial backers.
- 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)
Brex is being acquired by Capital One for $5.15 billion. The deal is half-cash, half-stock. Greenoaks, a top investor, will return twice its investment.
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