Sources: Samsung is in talks to buy Modine Manufacturing, a US maker of data center cooling systems, as soon as the coming weeks; Modine's market value is $5.6B (Bloomberg)
Samsung Electronics Co. is in talks to acquire Modine Manufacturing Co., a maker of cooling systems for data centers, according to people familiar with the matter.
On November 12, Bloomberg News disclosed that prediction-market startup Kalshi is involved in discussions to raise additional funds, with an estimated valuation of $65 billion. This follows the completion of a financing round in October that valued the company at $40 billion, marking their second-largest round of investment. According to sources familiar with the situation, the initial fundraise, conducted on a separate occasion, was anticipated to be the final one before Kalshi's projected initial public offering.
However, the company has decided to raise more capital in the private markets. The latest funding round amounted to $1 billion, which was completed late last month. The objective of this round was to facilitate Kalshi's expansion beyond event contracts and enable more direct competition with traditional exchanges. Sequoia and Wellington were the co-leaders of this financing round.
The October investment was made just over five months after Kalshi raised $1 billion in a Coatue-led round, which valued the company at $22 billion.
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- Kalshi in talks to raise money at $65 billion valuation, Bloomberg News reports channelnewsasia.com
- Sources: Kalshi is in talks to raise funding at a $65B valuation, weeks after closing a round at a $40B valuation; its annual run rate recently surpassed $5B (Bloomberg) bloomberg.com
- Kalshi plans fresh capital raise at $65B valuation - report seekingalpha.com
