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Klarna Snaps Up BillPay

PYMNTS

The exact price tag on the deal has not been confirmed by any of the three principle firms in involved, though early reports indicate the price clocked at £60 million ($75 million). We are excited to be working with BillPay and their talented team in Berlin. Klarna was last valued at $2.25 billion in 2015.

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

So, we basically viewed it as, Franklin was very strong in fixed income, domestic equity, and what Templeton did was open up this international investing, which was really pretty new… RITHOLTZ: Right. You can put those tags in there but still take a professionally managed strategy… RITHOLTZ: Right. JOHNSON: …for most assets.

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Transcript: Robyn Grew

Barry Ritholtz

Then suddenly in the ensuing weeks, you get tagged to be CEO. I was so focused on this being something that I looked at internally rather than I perhaps focused on the external ramification or impact of it. 100 percent sure that we need, and there is a war for the best talent. That has to be a little bit of a surreal experience.

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Transcript: John Hope Bryant

Barry Ritholtz

And how is it that you, what’s this car that’s in the parking lot, it’s got plates on it and a tag and it’s brand new. He was the only black man, one of two, who was international when I was 20, 25-years-old, who happened to be black. I was like, I want to be an international businessman. RITHOLTZ: Right.

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Transcript: Brian Hamburger

Barry Ritholtz

So internally, there’s no incentive for them to do business until they stop so much business that some senior person has to come in and say, hey, you got to loosen the reins a little bit. They’re able to freely extrapolate talent from these otherwise restrictive scenarios and bring them to their firm.

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Transcript: Benjamin Clymer & Jeffery Fowler, Hodinkee

Barry Ritholtz

And then within LVMH, I moved to Tag Heuer, which is a pure watch business — RITHOLTZ: Right. It was really kind of in the Tag Heuer timeline for me, career-wise, that I became aware of Ben and of Hodinkee. And we started doing these surveys, internal surveys, where, hey, what do you want from Hodinkee? Either of you?

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Transcript: Howard Lindzon

Barry Ritholtz

Talk about … LINDZON: So talented. I can either just give it away for free, which, you know, I started the cash tag dollar sign… RITHOLTZ: Right. LINDZON: What Bloomberg got right was aesthetic talent. LINDZON: And Conan is just so talented. LAUGHTER) So, so Lindsay Campbell, we found, but what a, what a time this was.

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