Citigroup to acquire Viking Global Investors in a $2.6bn cash transaction

Citigroup has completed the acquisition of Viking Global Investments, an equity investment firm that invests in startups and emerging markets.Viking Global, which has an investment portfolio of $1.8bn, will be renamed Viking Global Partners.The deal is subject to regulatory approval.Viking’s global investor relations director, Daniel T. Bocock, said the transaction will enable the bank toRead More

Fis investor rep says she won’t run for Fis board chair

Dublin-based Fis Investment Management has confirmed it will not seek to contest the appointment of its new Fis chairman, but says it will continue to support its founder and board members.Fis’ new chief executive and chairwoman were announced on Monday.It is not yet clear whether they will remain on the board.Last month, Fis posted itsRead More

When will the next Microsoft IPO?

Microsoft’s stock has been on a tear over the past couple of months.The company is up more than 20% over the last year, its best performance since 2010.On Wednesday, Microsoft announced its next round of deals, a new cloud service and its plan to buy LinkedIn.Here’s what you need to know about what’s going onRead More