Breitling Acquires Universal Genève From Stelux Holding For Sale Price XXX,XXX,XXX

ACQUISITION IMAGE: George Kern DATE: 12/12/2023 BUYER: Breitling SELLER: Stelux Holding SALE PRICE: XXX,XXX,XXX NOTE: Breitling, led by CEO Georges Kern, has acquired Universal Genève from Stelux Holdings, marking the realization of a long-awaited revival for the iconic watch brand. Partners Group, the ownership group behind Breitling, facilitated the acquisition, with Kern expressing awareness of the brand's profound heritage and its significance in watchmaking history. The revival is expected to be meticulous and faithful to Universal Genève's rich narrative, focusing on in-house movements and paying tribute to the brand's mid-century designs and history of innovation. Breitling HQ: #Grenchen #Switzerland Stelux Holding HQ: #Hong Kong #VentureCapital #Breitling #SteluxHolding #GeorgeKern #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC