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…

ByteDance explores sale of TikTok’s Indian operations

In a report, Bloomberg News said, China’s ByteDance is exploring the sale of TikTok’s Indian operations to rival Glance, a unicorn. Negotiations, initiated by Japan’s SoftBank Group Corp, early, private, and complex, said the report citing sources people familiar with the matter at hand. InMobi’s short-video app Roposo has gained more market share in India after…

Department of Energy launches $100 million tech funding in push towards clean energy

In a statement the Biden Administration announced that the U.S. Department of Energy will “offer $100 million in funding to support low-carbon energy technologies”; it will also create a working group to aid their development and sale. The announcement was made by National Climate Advisor Gina McCarthy at the White House’s first meeting of the…

Autonomous cars to hit the market after 2025: VW CEO Herbert Diess

In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…

Uber Technologies negotiating to divest air taxi unit Uber Elevate

Uber Technologies is in advanced talks to sell “Uber Elevate”, its air taxi business, to aerospace firm Joby Aviation said sources familiar with the matter at hand. Uber did not immediately respond to requests for comments. With the news reaching the market, Uber’s shares rose by more than 6%. Earlier this year in January Hyundai…

Mobile streaming service Quibi exploring strategic options to raise funds

According to a report from the Wall Street Journal, Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring strategic options including a possible sale, a funding round or going public through a merger with a special purpose acquisition company. When asked to comment, Quibi said it does not comment on rumor…