By CCN Markets: For all the hype over Beyond Meat’s IPO and insane rising stock price, Red Robin, a good old-fashioned burger chain, soared roughly 30% on Thursday. One of its institutional investors would like to see the company sell itself. Buyout Offer Red Robin Gourmet Burgers received a letter from Vintage Capital demanding that the company consider selling itself to the private equity firm. Vintage Capital owns about 11% of Red Robin and thus carries considerable weight. Considering Vintage Capital appears to offer $ 40 per share for Red Robin, shareholders may be hard-pressed to turn down that buyout offer.
Comcast Spectacor, a Philadelphia-based sports and entertainment subsidiary of Comcast, announced this week that it has partnered with SK Telecom, the largest mobile operator in Korea, to create a new joint venture: T1 Entertainment & Sport. The new venture will feature SK Telecom’s T1 League of Legends Champions Korea (LCK) team, in addition to new […]
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Tencent (TCEHY) and its subsidiary Riot Games, the co-managers of the popular League of Legends franchise, have reportedly launched a new esports company. According to recent reports by VP Esports and Chinese media outlet 36KR, the new company, called Tengjing Sports, will supervise operations related to League of Legends tournaments and other related products. With the launch of Tengjing Sports, the […]
German blockchain startup Bitwala has launched crypto banking in Germany.
After securing €4 million (roughly $ 4.5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
Bitwala’s new banking solution, which it claims was built to “close the gap between crypto and traditional banking,” was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
Chinese regulators including the central bank have issued a new joint statement condemning illegal fundraising by schemes purporting to affiliate with cryptocurrency and blockchain technology. Issued on Friday, the warning comes as a joint statement from the People’s Bank of China – the country’s central bank, the Ministry of Public Security, the Banking Regulatory Commission, … Continued
The post Crackdown Continues: Chinese Authorities Issue Joint Warning on ‘Illegal’ Crypto Fundraising appeared first on CCN