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The sale of AIA is the biggest in a string of transactions announced by AIG since it was largely seized by the American government in September 2008.
Brillstein-Grey's most impressive paydays, however, have come from a string of transactions in which Bernie and Brad sold much of the equity in their firm to media giants for $200 million–and then regained that equity, almost free of charge, after the titans were bought or changed course.
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The attempted deal is the latest in a string of potential transactions that has been abandoned amid the global economic and financial turmoil in recent weeks.
It is nevertheless a contrast to EOG, whose shares rose nearly 7percentt when it announced a cash-and-stock deal this month to buy the privately listed Yates Petroleum – one of a string of recent transactions in Texas's oil-rich Permian Basin.
Both products were launched last year, and Jumio recently announced a string of customer deals covering transaction volume of $154 billion.
The recent string of transactions is expected to reduce its debt to $270 million to $290 million by the end of this year, the company noted in its statement.
And while the merchant retains the customer's signature as material proof of a direct transaction, he has only a string of 0s and 1s on a hard disk following an e-commerce transaction.
The sector is only half the size of new cars, but a string of e-commerce channels are fueling the industry in a country where in-person transactions were still the norm just a few years ago.
The bitcoin software encrypts each transaction — the sender and the receiver are identified only by a string of numbers — but a public record of every coin's movement is published across the entire network.
Capping a string of 50 purchases, Van Weelden just agreed to buy ailing industry giant Browning-Ferris Industries, Inc. — annual revenues, $4.2 billion — in a transaction valued at $9.1 billion.
Including the Innovent transaction, Broadcom, based in Irvine, Calif., has spent close to $900 million this year to buy a string of smaller companies, also adding technology for flat-panel computer displays and high-speed graphics.
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