Audi plans to acquire Silvercar. Silvercar is a U.S.-based car-sharing startup. It was founded specifically to address the high-end airport rental car market. The company’s fleet is already made up exclusively of Audi A4 cars. […]
The European Commission has approved Microsoft’s €24.5 billion takeover of LinkedIn after imposing conditions to ensure the deal doesn’t reduce competition. Microsoft must let manufacturers and sellers decide whether they install LinkedIn on Windows computers. […]
Mobile ad startup AppLovin is in talks with a Chinese buyer for an acquisition of around $1.5 billion, according to multiple sources with knowledge of the company. Founded in 2012 by CEO Adam Foroughi along […]
US banks will continue consolidating, says Bank of America Chief Executive Officer Brian Moynihan. In an interview at the World Economic Forum in Davos, Switzerland, he outlined the historical reasons the merger-and-acquisition process has been […]
The first quarter marked a relatively strong start to the year for initial public offerings of U.S. companies, helped in particular by the IPO of social media darling Snap. Twenty-five companies raised $9.9 billion through […]
Dropbox Inc. is opening a $600 million credit facility from six banks led by JPMorgan Chase & Co. The cloud file-sharing startup pushes toward an initial public offering as soon as this year. Dropbox has said it’s not […]
Walmart is touting “6 Easter Basket Must Haves” with a Snapchat campaign. It lets users tap on short animations for advice about creating an Easter basket. The push includes YouTube how-to videos. With consumers visiting […]
A number of prominent engineers in the self-driving space have left firms such as Uber, Google and Tesla to work for startups or launch their own companies. One example is Peter Rander, who left Uber. […]
Apparently, private equity firm Silver Lake Partners and Broadcom (NASDAQ:AVGO) have offered Toshiba (OTCPK:TOSYY) about ¥2T ($17.9B) for its chip unit. Thus, that’s on the high end of estimates for the memory business’s value, the […]
Jack Dorsey will do “whatever it takes” to make sure Twitter (NYSE:TWTR) and Square (NYSE:SQ) do well. Amid calls for the tech founder to focus on one over the other. “I’m going to make sure […]
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