consumer services

A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

Elias Stein Text size Enterprise-software stocks have been beleaguered of late. But depressed valuations lure bargain-conscious private-equity buyers. On Wednesday, Ping Identity , which sells identity-security software, announced a deal to be acquired by Thoma Bravo for $28.50 a share, or $2.8 billion. Ping went public at $15 a share in September 2019 and sold …

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Short Seller Carson Block Sued Over $14 Million Whistleblower Award

Short Seller Carson Block Sued Over $14 Million Whistleblower Award

A private investor is seeking $7 million in a lawsuit against short seller Carson Block and his equity research firm Muddy Waters LLC in a dispute over an approximately $14 million whistleblower award by the Securities and Exchange Commission. Kevin Barnes said he worked with Mr. Block on a report on Focus Media Holding Ltd. …

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