BMO’s purchase of the New York-based firm, whose software supports about two per cent of daily U.S. stock trading, is subject to regulatory approval and expected to close in the second quarter. (The Logic)
The beleaguered workshare startup has sold its 23 per cent stake of The Wing to a consortium that includes Alphabet’s venture capital arm and actress Mindy Kaling. The company also recently sold off Teem, its meeting-space technology company. (The Logic, Crunchbase)
Members of the Climate Finance Partnership, a group led by BlackRock that includes France, Germany and the Hewlett and Grantham charitable foundations, will provide the first US$100 million, which will be used as a safety net for possible losses incurred by other institutional investors for the remaining US$400 million. The fund will focus on projects in Africa, Southeast Asia and Latin America. (The Logic)
