According to sources familiar with the matter at hand, Amazon.com Inc is in talks to acquire podcast startup Wondery which has a valuation of more than $300 million. Sources have cautioned that negotiations are ongoing and there is no certainty that a deal will be struck. Last month, Bloomberg News had reported that both, Sony…
In a statement cyber security giant McAfee Corp stated, it has raised $620 million from its initial public offering (IPO) which saw its shares list at $20 per share, well within its target range. The IPO valued McAfee at $8.6 billion based on total outstanding shares. As of the end of June 2020, McAfee which was…
According to sources with knowledge of the matter at hand, Revolut, a digital banking app plans on applying for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks. Although Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout…
According to sources familiar with the matter at hand, Roblox Corporation is working with investment banks for its potential market debut in the United State early next year, which could see the online gaming platform double its recent $4 billion valuation. Demand for video games has surged in the United States with consumers seeking home…
In a significant development, SoftBank-backed used-car platform Kavak has become Mexico’s first ever tech “unicorn”. The startup was valued at $1.15 billion in its latest funding round last month, said its CEO Carlos Garcia. Since its founding in 2016, Mexico City-based Kavak has raised more than $400 million in total funding with SoftBank, Greenoaks Capital…
McAfee Corp has filed for a U.S. initial public offering (IPO). The cyber security firm however did not disclose the size of its offering and set a placeholder amount of $100 million. According to its filing, McAfee will be listing its shares on the Nasdaq under the ticker symbol “MCFE”. The development comes at a…
According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…
In a statement, EBay Inc said, it is in discussion with multiple parties on a potential deal revolving around its classified-ads business. It expects to provide an update regarding the process in the coming months. In a report the Wall Street Journal had stated, eBay is in the process of reaching out to potential buyers to…
According to sources close to the matter at hand, online luxury fashion retailer MyTheresa plans on taking advantage of the robust equity market by listing on the New York Stock Exchange. MyTheresa’s owner, Neiman Marcus, is working with Morgan Stanley on the planned listing, which could be as early as April, said sources. Both, Morgan…
In a significant milestone for Tesla Inc, the company has become the first U.S. publicly listed carmaker to be valued at $100 billion. The development also underscores Wall Street’s confidence in an all-electric future. Tesla shares were last up by 1.4% at $555 after the bell, building on a 7.2% gain during trading when brokerage…
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