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London-based private equity firm Cinven plans to buy Iowa-based TaxAct, which makes online tax software, for ~$720M; Cinven has made five acquisitions in 2022 (Paul Sawers/TechCrunch)

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Paul Sawers / TechCrunch:
London-based private equity firm Cinven plans to buy Iowa-based TaxAct, which makes online tax software, for ~$720M; Cinven has made five acquisitions in 2022  —  London-based private equity firm Cinven has announced plans to acquire online tax preparation software provider TaxAct in an all-cash deal worth around $720 million.

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China releases its first VR plan, aiming for its domestic industry to ship over 25M devices by 2026; IDC says China shipped just over 500K VR devices in H1 2022 (Josh Ye/Reuters)

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Sources: Galaxy Digital, the digital assets financial services company run by Michael Novogratz, plans to cut 20%+ of its workforce; its stock is down ~80% YoY (CoinDesk)

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