Money

Square’s Shareholders Approve Issuance of New Shares for Afterpay’s Acquisition

The stakeholders of United States digital payment company and financial service provider Square Inc. (SQ) have approve the issuance of new shares for the $29 billion acquisition of fellow financial technology company Afterpay Ltd. (ASX: APT). If this acquisition deal goes through, then it will go down as the largest ever buyout deal in the […]

BlackRock Fetches $673 Million for Climate Infrastructure Fund

United States based management investment company BlackRock Inc. (BLK) announced having raised $673 million meant for a climate focused infrastructure fund. The company says this amount is higher than what it was targeting to raise. This project will be seeking to invest in climate focused initiatives such as green energy and renewable energy in emerging […]

GameStop’s COO Resigns Barely 7 Months After Assuming the Office

Jenna Owens, the chief operating officer at video game developer and consumer electronics manufacturer GameStop Corp. (GME) has left the company barely 7 months after the company poached her from leading online retailer Amazon Inc. (AMZN). Owens joined GameStop back in March and her departure goes down as the first of a top executive at […]

Solar Car Company Sono Motors Files For United States IPO

German based manufacturer of electric vehicles which charges the car battery using integrated solar cells Sono Motors has filed for a United States initial public offering (IPO). The company made this filing late last weeks as it seeks to tap into investor demand and the global push for a paradigm shift to greener means of […]

Xiaomi to Start Producing its Own Cars Come 2024

China based designer and manufacturer of consumer electronics, home appliances and related software Xiaomi Corp. (HK: 1810) is set to start producing its own cars in the first half of 2024. This announcement was made by the company’s spokesperson on October 19. The spokesperson said this while on an investor meeting which the company later […]

Chip Shortage Will Result to Czech Car Industry Producing 250,000 Fewer Cars in 2021

Since the coronavirus pandemic set foot in the world, chip shortage has been the talk of the day due to increased use of devices since many activities like learning, meetings and others shifted to the online space leading to demand increase of computer chips around the globe. The Czech Republic car industry is expecting to […]

Consumer Technology Company Nothing Raises $50 Million From Latest Financing Round

London based consumer technology company Nothing says it raised $50 million from its latest funding round in which strategic and private investors took part in. The company further announced having entered into a partnership with leading American chip manufacturer Qualcomm Inc. (QCOM). Back in August, Nothing launched a transparent earbud which comes with active noise […]

Ant Group Scales Up its Registered Capital by 47% to $5.4 Billion

China based provider of innovative technology focusing at providing the world with green, inclusive and sustainable services Ant Group announced having ramped up its registered capital by 47% to $5.44 billion up from $3.7 billion. The company says that the additional registered capital came from capitalization of its capital reserve and that it didn’t engage […]

Qualcomm and SSW to Acquire Veoneer in a $4.5 Billion Deal

Leading semiconductor manufacturer Qualcomm Inc. (QCOM) has entered into an agreement with SSW Partners to acquire Sweden based automotive technology group Veoneer Inc. (VNE) in a deal worth $4.5 billion. SSW Partners is a newly launched investment company in New York and according to the agreement Qualcomm and SSW will purchase the stock of Veoneer […]

Zoom Abandons $14.7 Billion Acquisition Deal With Five9 Inc.

Online video-conferencing services provider Zoom Video Communications Inc. (ZM) has abandoned a $14.7 acquisition deal of leading provider of cloud contact center solutions Five9 Inc. (FIVN) following various which came up while the deal was almost getting closed. Among the major reasons is the unwillingness by Zoom to add cash on its bid as the […]