Category: Tech

  • Student media giant Chegg acquires language learning startup Busuu for $436M

    Student media giant Chegg acquires language learning startup Busuu for $436M

    Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all-cash transaction. At its exit Busuu had raised only $16.1m in total, a tiny amount even I in European terms, and testament to the sheer grit […]

  • Stellantis locks in lithium supply agreement to secure EV battery materials

    Stellantis locks in lithium supply agreement to secure EV battery materials

    Stellantis, the global corporation formed through a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, signed a binding agreement with a lithium producer as more automakers look to secure key parts of the battery supply chain. The agreement is one in a flurry of deals between automakers and suppliers as the demand for […]

  • Upbound nabs $60M to grow its open source Crossplane multi-cloud management project

    Upbound nabs $60M to grow its open source Crossplane multi-cloud management project

    Companies today want to avoid the lock-in they faced in the past with a single vendor. As a result, they are hedging their bets with a multi-cloud strategy, but this creates a new problem around finding a single tool for managing it all. That’s where Upbound comes in with its open source Crossplane multi-cloud management tool. […]

  • Francisco Partners flips Quest Software to Clearlake Capital in deal reportedly worth $5.4B

    Francisco Partners flips Quest Software to Clearlake Capital in deal reportedly worth $5.4B

    Francisco Partners bought Quest Software in 2016 when Dell was selling off some assets to help pay for the massive $67 billion EMC deal. Dell itself had purchased Quest in 2012 for $2.4 billion. Today, the company was on the move again, with Clearlake Capital picking it up this time. According to The Wall Street Journal, […]

  • eBay acquires the sneaker authentication business from partner Sneaker Con Digital

    eBay acquires the sneaker authentication business from partner Sneaker Con Digital

    Online marketplace eBay is further investing in its sneaker business with today’s news that it’s acquiring Sneaker Con Digital’s authentication business, which verifies the authenticity of high-value footwear. The business has operations in the U.S., U.K., Canada, Australia, and Germany, and had been previously working with eBay to vet the sneakers being bought and sold […]

  • Equity Monday: New unicorns kick off the week as India get cross with Starlink

    Equity Monday: New unicorns kick off the week as India get cross with Starlink

    Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. With a holiday-impacted week behind us, we hope that you are ready for the next few weeks of busy news. Because starting in the back-half of December, the world is going to slow […]

  • Jack reportedly stepping down from Twitter CEO role

    Jack reportedly stepping down from Twitter CEO role

    CNBC reported this morning that Twitter CEO Jack Dorsey is expected to step down from his role at the social media company. Dorsey is the CEO of both Twitter and Square, a financial company that serves both consumer and corporate customers with payment, cash management and transference services. Twitter’s stock rose on the news that […]

  • Balance and Pokémon UNITE top Google Play’s ‘Best of 2021’ Awards

    Balance and Pokémon UNITE top Google Play’s ‘Best of 2021’ Awards

    Google today announced the winners of its “Best of 2021” app awards, which highlight both the company’s and users’ picks for the best apps and games from the past year. This year, Google is expanding its awards lineup to include apps and games on tablets, Wear OS and Google TV, it says. Its U.S. winners […]

  • Melbourne-based mobile ordering platform Mr Yum lands $65M led by Tiger Global

    Melbourne-based mobile ordering platform Mr Yum lands $65M led by Tiger Global

    QR code ordering at restaurants has been around for years, but the pandemic increased its adoption as social distancing and hygiene measures went into place. Mr Yum, a Melbourne-based mobile ordering and payments platform that was founded in 2018, announced today it has raised a $65 million USD Series A round, led by Tiger Global. […]

  • Particular Audience takes in $7.5M to give retailers way to take on Amazon

    Particular Audience takes in $7.5M to give retailers way to take on Amazon

    Being in control of customer data is one of the ways retailers, like Amazon, Spotify and Netflix, are able to tap into consumer behavior and create customized experiences whenever a user logs in. Those are some of the reasons Amazon, in particular, is poised to grab 50% of the U.S. e-commerce market this year, and […]