Discord valued at $10 billion plus, as it explores selling itself

According to a report from VentureBeat, Discord Inc is exploring a sale that could value it at more than $10 billion. San Francisco-based Discord is in final negotiations with one party, said the report. The company does not comment on rumors or speculation, said Discord. The coronavirus-induced pandemic has boosted prospects of gaming companies with…

Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

Amazon.com Inc orders more than 1000 CNG powered truck engines for U.S. fleet

In a development that underscores Amazon.com Inc’s push towards reducing its carbon footprint, the world’s biggest e-commerce retailer has ordered more than 1,000 truck engines that run on compressed natural gas, marking its latest shift away from heavy polluting trucks. In 2020, as a result of the coronavirus induced pandemic, there has been a surge…

Britain’s IG plans to acquire U.S. trading platform tastytrade for $1 billion

In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…

Japan plans on eliminating gas powered vehicles by mid-2030s, ramps up renewable energy investments

On Friday, in a significant development, the Japanese government said it aims to eliminate gasoline-powered vehicles in the country in the next 15 years so as to reach net zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050. The “green growth strategy,” sees an increased adoption of hydrogen in…

Delaware court rules in investment bank Mirae Asset Daewoo Co’s favour, Anbang Insurance Group to pay $3.685 million in costs

On Tuesday, South Korean investment bank Mirae Asset Daewoo Co Ltd stated, it has won a U.S. lawsuit against China’s Anbang Insurance Group. The development comes in the wake of Mirae Asset affiliates scrapping a $5.8 billion deal to buy 15 U.S. hotels from Anbang, which then had filed a lawsuit against the South Korean…

Samsung likely to discontinue Galaxy Note from 2021: Sources

According to sources familiar with the knowledge at hand, from 2021 Samsung Electronics Co Ltd may discontinue its Galaxy Note line of smartphones. The development comes in the wake of a sharp drop in demand for high-end smartphones because of the coronavirus-induced COVID-19 pandemic. Known for its large screen and its stylus for taking notes,…

AstraZeneca’s COVID-19 vaccine candidate works: British government’s Chief Scientific Adviser

In a statement, Patrick Vallance, the Chief Scientific Adviser to the British government stated in response to doubts that thave been raised regarding AstraZeneca’s COVID-19 vaccine candidate, the main point about AstraZeneca’s vaccine against COVID-19 was that it worked. “The headline result is the vaccine works and that’s very exciting,” said Vallance during a news…