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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 …
GameStop’s Cohen takes stake in Bed Bath & Beyond, pushes for changes
An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin Register now for FREE unlimited access to Reuters.com Register March 7 (Reuters) – Billionaire investor Ryan Cohen said on Sunday he now owns nearly 10% of Bed Bath & Beyond (BBBY.O) and wants the housewares retailer …
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 …
German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln
Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called “insurtech” company that valued the business at $3 billion. The funding means Berlin-based Wefox has grown in value threefold since tapping investors in 2019. The move follows big raises by local …
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 …
SpaceX accepts dogecoin as payment to launch lunar mission next year
SpaceX founder and chief engineer Elon Musk reacts at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper/ SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, …
