Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures

David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Aug. 6, 2024.

Jeenah Moon | Bloomberg | Getty Images

Goldman Sachs has agreed to acquire Industry Ventures, a venture capital firm with $7 billion in assets under supervision, according to a release from the investment bank.

Goldman is paying $665 million in cash and equity, and up to $300 million more based on the firm’s future performance through 2030, the bank said.

This story is developing. Please check back for updates.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *