San Francisco-based Savvian, which has been unable to catch up to the likes of Montgomery & Co., is merging with Tokyo’s GCA Holdings Corp. Both have NYC outposts; no news on who stays and who goes. Update: Though Savvian’s press release describes the deal as merger of equals, Bloomberg says GCA is buying Savvian outright — for $780 million. Release, Bloomberg
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.