Genworth To Be Acquired for $2.7 Billion

Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash. Genworth is a Fortune 500 company and a major provider of long-term care insurance and home mortgage insurance.

K4Connect Secures $8 Million in Series A Funding

K4Connect, a technology company that creates solutions to serve older adults and individuals living with disabilities, has raised $8 million in Series A funding, led by Intel Capital. Intel Capital is a strategic investment and M&A organization that backs innovative startups and has invested $11.7 billion in 1,457 companies worldwide.

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