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Financial Times:
Sources: Bitmain claimed it had $1.25B in 2017 profits during the pre-IPO $400M+ Series B in June of 2018, while its IPO prospectus says it earned just ~$700M   —  Bitmain Technologies, the world's largest maker of cryptocurrency mining hardware, has stated significantly smaller profits …
Nov 13, 2018, 3:40 PMIn context
Murad Ahmed / Financial Times:
Turin-based Deltatre acquires IP video software maker Massive Interactive for $127M to challenge Disney and Endeavor in online sports streaming services   —  UK-based software maker Massive Interactive has been snapped up by Italian company Deltatre for $127m, in a deal designed to create …
Nov 9, 2018, 9:15 PMIn context
Camilla Hodgson / Financial Times:
Apple supplier Finisar, a laser chip maker that received $390M from Apple's Advanced Manufacturing Fund, acquired by optical product company II-VI in $3.2B deal   —  Optical products company II-VI Incorporated announced on Friday it planned to acquire Finisar, a maker of specialised laser scanners …
Nov 9, 2018, 6:20 AMIn context
Financial Times:
Sources: Apple held preliminary talks with radio broadcaster iHeartMedia about an equity stake or a marketing partnership to boost its music streaming service   —  Apple is turning to traditional broadcasting to boost its streaming service, exploring a tie-up with iHeartMedia …
Nov 1, 2018, 4:30 AMIn context
Financial Times:
Waymo has begun charging some passengers in Arizona for rides in its autonomous cars, Alphabet CFO Ruth Porat revealed during Thursday's Q3 earnings call   —  Waymo has begun charging passengers in Arizona for rides in its autonomous cars, making it the first self-driving car developer to launch commercial services.
Oct 26, 2018, 5:50 PMIn context
Lindsay Fortado / Financial Times:
Tiger Global raises $3.75B for its latest VC fund, which surpassed its initial target of $3B; focus to include consumer internet and industry-specific software   —  Tiger Global has raised $3.75bn for its latest venture capital fund, surpassing its initial target of $3bn and making …
Oct 21, 2018, 7:52 PMIn context
Financial Times:
Facebook hires Nick Clegg, former UK deputy prime minister, as head of global affairs and communications, to succeed Elliot Schrage   —  Facebook has hired Nick Clegg, the former UK deputy prime minister, to head its global affairs and communications team as it faces escalating problems …
Oct 19, 2018, 8:10 AMIn context
Financial Times:
Sources: Uber is developing a short-term staffing business, called Uber Works, that would utilize its database of workers for events and corporate functions   —  Uber is developing a new short-term staffing business, dubbed Uber Works, that would help to diversify its business ahead of next year's planned initial public offering.
Oct 18, 2018, 12:10 PMIn context
Financial Times:
Softbank COO says “there is no certainty” that there will be another Vision Fund, as the firm is “anxiously looking” at fallout from Khashoggi's disappearance   —  SoftBank has voiced its doubts about the likelihood of a second $100bn Vision Fund for the first time …
Oct 17, 2018, 2:45 PMIn context
Financial Times:
Sources: Uber is considering taking minority stake investments to help finance its costly self-driving car unit amid pressure from investors ahead of its IPO   —  Uber is considering taking minority stake investments to help finance its costly self-driving car unit amid pressure from investors ahead …
Oct 17, 2018, 8:40 AMIn context

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