Business Wire
NEW YORK–(BUSINESS WIRE)–Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, today announced its leading $100 million investment in the $300 million funding of Essential Products Inc., the smartphone maker founded by Andy Rubin, the creator of Android.
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Amazon agreed to buy the upscale grocery chain Whole Foods for $13.4 billion, in a deal that will instantly transform the company that pioneered online shopping into a merchant with physical outposts in hundreds of neighborhoods across the country.
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Hurdles to late-stage deals have begun to clear
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In January, Alibaba announced a bid to privatize Intime Retail, a leading Chinese department store and mall operator. The proposed privatization did not come as a surprise, as it is consistent with Alibaba’s strategic goal of enhancing its integration with physical stores and developing its “New Retail” concept.
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NBCUniversal has reached an advertising deal with Snap for the Winter Olympics that could be worth $50 million to $75 million, sources told The Wall Street Journal on Wednesday.
MoreBillboard
With a licensing deal with Universal Music under its belt — and negotiations said to be ongoing with the two remaining majors — Spotify is reportedly ready to take the plunge and go public, with a twist.
MoreMarketwire
DigitalOcean, the cloud for developers, today announced it has been selected as one of the 100 most exciting startups in New York City.
MoreBloomberg
Silicon Valley’s club of unicorn startups hasn’t been growing as fast as it once was, and its newest member is unlike most of is venture-backed peers.
MoreWall Street Journal
Snap’s IPO is poised to be the largest U.S.-listed technology debut since Alibaba in 2014.
MoreNew York Times
Snap Inc., the parent company of the popular photo-messaging and storytelling app Snapchat, is having a productive autumn.
MoreBillboard
The U.K. arm of Spotify bounced back into profitability last year, fueled by strong growth in subscription sales.
MoreWall Street Journal
Attractiveness of publicly traded tech stocks led to drop in venture capital fundraising
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