Dennis Mutua

Pershing Square to Increase its Stake in Vivendi by 2.9%

United States hedge fund management company Pershing Square Holdings Ltd (AMS: PSH) announced that it will be increasing its stake in Vivendi SE (EPA: VIV) which owns Universal Music Group (UMG) by 2.9% for $1.49 billion. Vivendi claims that this transaction is based on an enterprise value of $41.40 billion for 100% share capital of […]

10 Alibaba Employees Fired for Leaking Sexual Assault Accusations

Chinese giant company specializing on e-commerce, internet, technology and retail Alibaba Group Holding Ltd. (BABA) has sacked 10 of its employees who leaked sexual assault accusations. The employees shared screenshots of the account of a female colleague who got sexually assaulted by a former boss. The employees were sharing screenshots of posts made by the […]

Australia Contemplating New Laws for Google, WeChat and Apple’s Digital Wallets

The Australian government is contemplating introducing new laws to reinforce regulation of digital payment services by leading tech giants including Apple Inc. (AAPL) and Alphabet Inc. (GOOGL) owned Google. Austalia’s federal treasurer Josh Frydenberg, says he will carefully consider the recommendations from a government–commissioned report in establishing whether the payments systems have kept pace with […]

Musk Raises Concerns Over Nvidia-Arm Acquisition Deal

American billionaire Elon Musk is raising competition concerns over U.S based technology company Nvdia Corp. (NVDA) acquisition deal with UK based semiconductor designer Arm. Musk joins a list of multinational corporates and other high profile individuals who have reservations on this merger deal. According to the acquisition deal, Nvidia is offering to pay $12 billion […]

Freshworks Inc. Files for U.S Initial Public Offering

Provider of software as a service platform enabling small and medium-sized businesses to support customers via email, phone and websites Freshworks Inc. has filed for its United States initial public offering. According to the regulatory filing, the company recorded almost 53% increase in revenue as the number of new customers signing up for its services […]

Facebook Contemplating Forming an Election Commission

Leading social network company Facebook Inc. (FB) is considering establishing an election commission to advice the company on matters related to global elections. Sources directly linked to the matter disclosed that the company has already reached out to policy and academics experts on the matter. The proposed commission will be mandated with deciding on matters […]

Nubank Planning a United States Initial Public Offering

Brazil based financial technology bank Nubank is eyeing a United States initial public offering which will leave the largest bank in Latin America with a market valuation of $55.4 billion making it the biggest traditional lender in Brazil. The latest financing round held by Nubank left it sitting on a market valuation of $30 billion, […]

Virgin Orbit to go Public Through Merger Deal With SPAC

Provider of launch services for small satellites Virgin Orbit is set to go public through a merger deal with a Special Purpose Acquisition Company (SPAC), NextGen Acquisition Corp. (NGCA), which will leave the company with a market valuation of around $3.2 billion. This merger deal will include a $100 million financing from Boeing Co. (BA), […]

Walmart Unveils Last Mile Delivery Service Walmart GoLocal

Retail cooperation running a chain of hypermarkets and departmental stores Walmart Inc. (WMT) a delivery service for other merchants across the United States known as Walmart GoLocal. This initiative entails delivering items up to the last mile, Walmart will dispatch workers from its Spark delivery network from the stores selected by merchants as their pick […]

Twilight Film Investor Sentenced to Five Years in Prison

Omar Amanat, a tech entrepreneur who invested in the studio involved with ‘Twilight Films’ has been slapped with a five year prison sentence after he was found guilty of fraud charges linked to video technology company Kit Digital Inc. Last week, U.S. District Judge Paul Gardephe in Manhattan ruled that Amanat expressed incredulity that a […]