MRG
Luminar Tech CEO Russell to acquire majority stake in Forbes
May 12 (Reuters) – Luminar Technologies (LAZR.O) CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments (IWM) said in a statement on Friday. The automotive tech billionaire has agreed to acquire 82% …
India’s Torrent Pharma to acquire Sequoia-backed Curatio Health for $245 million
Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 27 (Reuters) – Torrent Pharmaceuticals Ltd (TORP.NS) said on Tuesday it will buy dermatology company Curatio Health Care (I) Pvt Ltd for 20 billion Indian rupees ($245.22 million). Sequoia-backed Curatio has a portfolio of over 50 brands that are marketed in India. Torrent Pharma …
Enjoy Technology, led by ex-Apple and JC Penney executive Johnson, files bankruptcy
June 30 (Reuters) – Enjoy Technology Inc (ENJY.O), a Silicon Valley retailer led by former Apple Inc (AAPL.O) and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its …
Musk says he would reverse Twitter ban on Donald Trump
May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc …
Intel debates buyout of SiFive to bolster chip technology against Arm -source
Intel Corp (INTC.O) is debating a possible offer to buy SiFive Inc, a person familiar with the matter told Reuters, a company closely associated with open-source technology that is challenging the rise of Intel’s rival, Arm Ltd. SiFive, a San Mateo, California-based startup, employs several of the creators of RISC-V, an open-source chip technology that …
Online health startup Babylon to go public via $4.2 bln SPAC deal
British health tech startup Babylon Health said on Thursday it has agreed to go public through a merger with a blank-check firm led by former Groupon chief Rich Williams, valuing the combined company at a pro forma equity value of $4.2 billion. Babylon will merge with Alkuri Global Acquisition Corp (KURI.O) and will trade on …
Indonesia’s Gojek, Tokopedia merge to create tech giant
Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia have agreed to a merger to create a multi-billion dollar tech company called GoTo in the country’s largest-ever deal. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia’s largest economy, will be the biggest privately …
EXCLUSIVE China’s Ant explores ways for Jack Ma to exit
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing’s scrutiny of its business, according to a source familiar with regulators’ thinking and two …
