In a statement chip supplier Marvell Technology Group Ltd said, it has agreed to acquire Inphi Corp in a cash and stock deal worth $10 billion aimed at broadening its footprint in the 5G network infrastructure and in the data centers space. While Marvell supplies chips that move data around on copper-based cables, its peer…
In a statement Visa Inc said, it has agreed to acquire privately held fintech startup Plaid Inc for $5.3 billion. The deal will increase Visa’s footprint in the booming fintech space. The deal underscores how traditional financial companies are willing to pay top dollar to acquire businesses which have established strong positions in the cashless…
To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
HNA Technology Co Ltd has reported the same in a filing to the Shanghai stock exchange albeit without disclosing the name of the buyer. On Monday, as per China’s HNA Technology Co Ltd’s filing to the Shanghai stock exchange, it is holding preliminary talks with a concerted party to sell U.S. electronics distributor Ingram Micro…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
Although Tesla’s critics have focused on Elon Musk’s behavior, the numbers coming out of Tesla are pretty compelling. In an interesting turn of events, long-time Tesla short seller and critic Citron Research, in its research note stated it is betting that the electric automaker’s stock will rise. With the news reaching the market, Tesla Inc’s…
With Chinese authorities intensifying their crackdown on online gaming, Tencent’s cash machine, its revenues have been significantly affected. Faced with increased challenges stemming from heightened government regulations, Tencent Holdings announced stated, it has undergone its first restructuring in six years. In 2018, its market capitalization has fallen significantly and the company has faced some harsh…
SZ DJI Technology, the world’s biggest maker of civilian drones, is seeking to infuse fresh capital through a combination of new equity and debt; its IPO is slated for 2019. According to three sources with knowledge of the matter, SZ DJI Technology Co Ltd, a Chinese drone maker, is seeking at least $500 million at…
It will be in Spotify’s interest to go public within a year. In a deal that has been labeled by onlookers as “devilish” and “strict”, Spotify has raised $1 billion through convertible bonds, rather than the more traditional equity funding round. The new debt comes attached with some rather restrictive terms related to Spotify going…
business-gurus.com 