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SECONDMARKET BUYS INSIDEVENTURE




By Pui-Wing Tam
Oct. 6, 2009 5:57 pm ET

print
Text


SecondMarket, which provides an online marketplace for trading private-company
shares, said it has made an all-stock purchase of InsideVenture, a firm that
helps match institutional investors with privately held companies.




As part of the deal, InsideVentures investors"venture-capital firm New
Enterprise Associates and Silicon Valley banking concern SVB Financial
Group"will take equity stakes in SecondMarket. SecondMarket, which is based in
New York, also plans to open an office in Silicon Valley. SecondMarket
executives declined to further discuss the terms of the acquisition.




WHAT'S NEWS

See More

 * FED WALKS TIGHTROPE BETWEEN INFLATION, FINANCIAL STABILITY
   
   9 hours ago

 * FED LIFTS RATES BY 0.25 POINT
   
   16 hours ago

 * BANK STOCKS SLUMP, EVEN THOUGH POWELL SAYS BANKING SYSTEM IS SOUND
   
   10 hours ago




WHAT'S NEWS



 * FED WALKS TIGHTROPE BETWEEN INFLATION, FINANCIAL STABILITY
   
   9 hours ago

 * FED LIFTS RATES BY 0.25 POINT
   
   16 hours ago

 * BANK STOCKS SLUMP, EVEN THOUGH POWELL SAYS BANKING SYSTEM IS SOUND
   
   10 hours ago

 * WHAT THE FED’S RATE INCREASE MEANS FOR YOUR MONEY
   
   13 hours ago

 * TRUMP GRAND JURY IS CALLED OFF FOR WEDNESDAY
   
   7 hours ago

 * SEC PLANS LAWSUIT AGAINST COINBASE, ACCORDING TO EXCHANGE
   
   8 hours ago

 * APPLE, MICROSOFT DOMINATE U.S. MARKETS AFTER FAANG TRADE FIZZLES
   
   11 hours ago

 * CHINA IS STARTING TO ACT LIKE A GLOBAL POWER
   
   13 hours ago

 * IT WASN’T JUST CREDIT SUISSE. SWITZERLAND ITSELF NEEDED RESCUING.
   
   12 hours ago

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