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.