Envestnet to Acquire Yodlee

Combination accelerates the transformation of financial technology by delivering better relationships and greater lifetime value by connecting financial advisors, individuals and financial services providers

Transaction expected to increase revenue and adjusted EBITDA growth rate

CHICAGO & REDWOOD CITY, Calif.---- Envestnet, Inc. (ENV), a leading provider of unified wealth management technology and services to financial advisors, and Yodlee, Inc. (Nasdaq: YDLE), the leading cloud-based platform driving digital financial innovation, today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction valued at $18.88 per share, or approximately $660 million on a fully-diluted equity value basis. As Yodlee has approximately $70 million in cash and cash equivalents, the transaction reflects an enterprise value of approximately $590 million.

Read more: Yodlee Inc ( YDLE )

MoneyGram International Reports Second Quarter 2015 Financial Results

- Returns to constant currency revenue growth: Money transfer up 2 percent, total company up 1 percent
- Money transfer transactions in the quarter achieve a new record high
- Self-service money transfer revenue grew 58 percent and now represents 12 percent of money transfer revenue
- moneygram.com adds a record 190,000 new active customers driven by sleek, reimagined site

DALLAS, July 31, 2015 -- MoneyGram (MGI), a global provider of innovative money transfer and payment services, today reported financial results for its second quarter ended June 30, 2015.

"Our second quarter results reflect the significant progress MoneyGram has made toward executing the strategic initiatives we outlined at the beginning of the year," said Pamela H. Patsley, MoneyGram's chairman and chief executive officer.

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China Finance Online Reports Third Quarter 2014 Unaudited Financial Results

- Attributable Non-GAAP Net Income was $1.1 million -

BEIJING, Dec. 23, 2014 -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our")  (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with online access to securities, commodities and wealth management products, today announced its unaudited financial results for the third quarter and nine months ended on September 30, 2014.

Third Quarter 2014 Highlights

Net revenues increased by 61% year over year to $21.1 million, compared with $13.2 million in the third quarter of 2013.

Read more: China Finance Online Co. Limited ( JRJC )

MOL Global's Largest Shareholder Makes Statement Supporting Company

KUALA LUMPUR, Malaysia, Dec. 2, 2014  -- Mr. Vincent Tan, the largest shareholder of MOL Global, Inc. (MOLG) today made the following statement in support of the company:

"MOL has encountered some difficulties over the last several days relating to an accounting error at its Vietnam subsidiary, a delayed earnings release and trading halt, and the departure of its CFO, Allan Wong. The timing of Allan's departure for personal reasons which unfortunately coincided with the delay in the earnings release have resulted in some unhealthy speculation on the company's financial numbers, and the stock price has been, in my view, unfairly punished.

Read more: MOL Global Inc ( MOLG )

Tower Group International, Ltd. and ACP Re, Ltd. Announce Amendment to Merger Agreement

HAMILTON, Bermuda--Tower Group International, Ltd. (TWGP) (“Tower”) and ACP Re, Ltd. (“ACP Re”) announced today that they have entered into an amendment to the merger agreement entered into by them on January 3, 2014. The amendment, among other things, (1) reduces the per share consideration to be received by holders of Tower’s common shares in the merger from $3.00 per share to $2.50 per share, (2) reduces the termination fee that Tower would, under certain circumstances, be required to pay to ACP Re in the event of a termination of the merger agreement, (3) extends to November 15, 2014 both the date by which Tower must hold its shareholders meeting to vote on the merger and the deadline for completing the merger before either party can terminate the merger agreement,

Read more: Tower Group International ( TWGP )

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