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☆ Zendesk shareholders vote in favor of $10.2 bln go-private deal
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterZendesk logo is seen in this illustration taken June 27, 2022. read moreThe firm said that the deal would close in the fourth quarter of the year. Register now for FREE unlimited access to Reuters.com RegisterProxy firm Institutional Shareholder Services (ISS) backed the deal and warned that there would be "significant downside risk" if Zendesk shareholders failed to approve it. read moreEarlier this month, Zendesk said that macroeconomic conditions and business momentum have continued to weaken since the go-private deal announcement in late-June from the consortium. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akash Sriram in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ AmEx to hire 1,500 tech staff by year-end even as recession looms
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

The company has already brought in around 3,600 tech employees this year, a spokesperson for the credit card giant said in an emailed statement. Moderate inflation tends to benefit credit card companies, which charge a percentage on the dollar value of transactions as fees. read moreRegister now for FREE unlimited access to Reuters.com RegisterFears of a recession have led other financial companies to cut expenses and trim headcount. read moreThe plans were first reported by Bloomberg News, citing an interview with AmEx's Chief Information Officer Ravi Radhakrishnan. As of last year, the credit card issuer had 64,000 employees - 22,000 of whom were based in the United States.

☆ Family offices invested a record $120 billion in startups last year, fueling a new wave of entrepreneurs
▼ + stars: | 2022-08-09 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Family offices more than doubled their direct investments in startups last year to more than $120 billion, remaking the venture-capital landscape and launching a new wave of family-office funded entrepreneurs. Single family offices invested $123 billion in direct venture capital deals last year, up from $55 billion in 2020, according to a report from SVB Capital. There are now more than 10,000 family offices worldwide — most created over the past decade — with over $6 trillion in assets under management. In-house deal teams "Family offices are leaning in to the venture asset class," said Shailesh Sachdeva, managing director of SVB Capital's Family Office practice. As they balloon in size and sophistication, family offices are becoming deal powerhouses in their own right.

Persons: Shailesh Sachdeva, SVB, Sachdeva, Younger, Joe Stadler, Stadler, Mark Ang, Michael Hyatt, Hyatt barraged Ang, Ang, Hyatt Organizations: SVB, UBS, UBS Global Wealth Management, University of Toronto, Hyatt Family, Hyatt Locations: Canadian

☆ Penske Automotive unit orders 750 Ford electric cargo vans
▼ + stars: | 2022-04-18 | by ( ) www.reuters.com time to read: +1 min

April 18 (Reuters) - Penske Truck Leasing has ordered 750 of Ford Motor Co's (F.N) electric E-Transit cargo vans, the unit of Penske Automotive Group Inc (PAG.N) said on Monday. The move comes as several companies including FedEx Corp (FDX.N), UPS (UPS.N) and Deutsche Post (DPWGn.DE) unit DHL are experimenting with electric cargo vehicles as part of their own zero-emission vehicle plans. Penske also said that their long-term plans include adding more of the automaker's E-Transit vans to its wider network of rental, leasing locations across North America. Ford's E-Transit van comes in eight configurations, including three roof heights and three lengths, has an EV driving range of 126 miles. Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

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