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0.00100759572159352 0.00100759572159352 0.000465044179197041 -0.00170516199038908 -0.000547201984188599 0.00224771353278555 0.00356533870717724 0.00434041233917224
Stock impact report

Semafor Raises $30 Million After First Profitable Year [Yahoo! Finance]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: Yahoo! Finance
The backers, according to the Wall Street Journal , include KKR co-founder Henry Kravis, David Rubenstein of Carlyle Group and Penny Pritzker's PSP Partners. This comes after generating $40 million in revenue last year and $2 million in profit. Semafor did not respond to a request for comment. CEO Justin Smith said he wants the company to produce journalism that's “completely global in outlook, really focused on high-quality independent, I would say even, cerebral journalism.” The company is also exploring offering subscriptions in the future. Kravis and Rubenstein are returning investors in Semafor's new funding round, which makes up 60% of the investment. New backers include PSP, Thomas Leysen and the Antenna Group. The company hopes to use the funds to expand its live-events business, one of the company's pillars of operation, including through its annual World Economy Summit. It also wants to bolster its current newsletter offerings focused on Washington, D.C., the Gulf and Show less Read more
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