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June 30, 2016 11:00 pm GMT
Zenefits is executing a change inits current ownershipstructure that will increase the overall ownership of the company for late-stage investors; it’s a move that revalues the company’s Series C round at $2 billion and looks to placate investor concerns over the company’s regulatory investigations. As part of accepting the new ownership changes, the investors… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6tdtWHF4BbE/
Zenefits halves its previous valuation to $2B to head off investor lawsuits
Zenefits is executing a change inits current ownershipstructure that will increase the overall ownership of the company for late-stage investors; it’s a move that revalues the company’s Series C round at $2 billion and looks to placate investor concerns over the company’s regulatory investigations. As part of accepting the new ownership changes, the investors… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/6tdtWHF4BbE/
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