3 articles tagged with #asset-sale. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
SVB Capital, the $10 billion venture capital arm of Silicon Valley Bank, is being put up for sale following the bank's closure. The fund notified limited partners that it continues operating despite the parent bank's failure, signaling efforts to preserve the venture portfolio amid broader banking sector instability.
Alcoa is nearing a deal to sell its dormant New York smelter site to NYDIG, a Bitcoin mining company, as the aluminum giant seeks to offload 10 inactive US smelter facilities. The transaction is expected to close mid-year, representing a notable convergence between traditional heavy industry and cryptocurrency mining operations.
Gemini (GEMI) stock gained 9% following reports that potential buyers are interested in acquiring its European regulatory licenses and operations. Despite this positive movement, the stock remains significantly depressed, trading 80% below its IPO price, reflecting broader challenges in the cryptocurrency exchange sector.
