Wish was sold to a Singaporean company for about $170 million, roughly 1/100th of its peak valuation.
confirmed 1 article 2024-03-07
Wish Singaporean company
Analysis: Temu and Shein are spending billions on Facebook, X, and YouTube ads in the US; Temu placed ~1.4M ads globally across Google services in the past year
New York Times · 2024-03-07 · #16
ByteDance is the parent company of TikTok.
confirmed 1 article 2024-03-07
ByteDance TikTok
The White House is backing a bipartisan bill that would force ByteDance to sell TikTok if the company wants to keep the app in US app stores
Punchbowl News · 2024-03-07 · #12
Apple shut down plans to acquire Tesla, abandoning acquisition plans.
failed 1 article 2024-03-07
Apple Tesla
A deep dive into Apple's failed EV project: indecision, prototypes, and partnership or acquisition talks with Mercedes-Benz, BMW, VW, Tesla, McLaren, and others
Bloomberg · 2024-03-07 · #9
OpenAI reports that Elon Musk wanted OpenAI to merge with Tesla and sought majority equity, initial board control, and to be CEO while discussing a for‑profit structure; OpenAI is moving to dismiss these claims.
denied 1 article 2024-03-06
Elon Musk merge with Tesla majority equity initial board control to be CEO
OpenAI says that while discussing a for-profit structure, Elon Musk “wanted us to merge with Tesla” or “majority equity, initial board control, and to be CEO”
The Verge · 2024-03-06 · #5
PDD is identified as the parent company of Temu.
confirmed 1 article 2024-03-06
PDD Temu
A deep dive into PDD's finances and operations, which are shrouded in secrecy and raise questions about US investors' confidence in Temu's parent company
Financial Times · 2024-03-06 · #36
Accenture plans to acquire online learning startup Udacity.
confirmed 1 article 2024-03-06
Accenture Udacity
Accenture plans to acquire online learning startup Udacity and announces LearnVantage, a learning suite the company pledges to expand with $1B over three years
Fortune · 2024-03-06 · #42
Alibaba has reportedly spearheaded two major deals so far this year.
rumored 1 article 2024-03-05
Alibaba
Sources: Chinese AI startup MiniMax raised $600M+ led by Alibaba at a $2.5B+ valuation; the round remains in progress and HongShan has committed funds
Bloomberg · 2024-03-05 · #17
Razor and Perch merge to combine their e-commerce aggregator businesses.
confirmed 1 article 2024-03-04
Razor Perch
The merger is part of broader consolidation in the e-commerce aggregation space, known for buying up Amazon retailers.
confirmed 1 article 2024-03-04
Razor Perch e-commerce aggregation Amazon retailers
Universal Music Group and TikTok fail to reach new licensing agreements, contributing to UMG music disappearing from TikTok.
failed 1 article 2024-03-03
Universal Music Group TikTok
As music from Universal Music Group artists disappears from TikTok, creators turn to royalty-free, almost-contextless sound clips
Wired · 2024-03-03 · #6
Groq announced the acquisition of DefinitiveIO to expand its GroqCloud and AI inference capabilities.
confirmed 1 article 2024-03-03
Groq DefinitiveIO
Meta stated it will not enter into new commercial deals for traditional news content in Australia, France, and Germany.
confirmed 1 article 2024-03-02
Meta traditional news content Australia France Germany
Meta will stop signing new commercial deals for traditional news content in the United States and Australia.
confirmed 1 article 2024-03-02
Meta traditional news content United States Australia
Meta will stop signing deals for traditional news content in the United States and Australia.
confirmed 1 article 2024-03-01
Meta traditional news content United States Australia
Meta plans to deprecate the Facebook News tab in the US and Australia in early April 2024 and stop signing deals for traditional news content in those countries
Bloomberg · 2024-03-01 · #5
Google acquired Photomath in May 2022.
confirmed 1 article 2024-03-01
Google Photomath
Google adds Photomath, which solves math problems after users take photos, to its Play Store and App Store publisher accounts, after buying the app in May 2022
9to5Google · 2024-03-01 · #25
Mailchimp acquired TinyLetter in 2011.
confirmed 1 article 2024-03-01
Mailchimp TinyLetter
A eulogy for TinyLetter, as Mailchimp shuts down the newsletter tool acquired in 2011 that had a brief run nurturing great personal writing on the internet
The Verge · 2024-03-01 · #20
ITV focuses on its ad-funded streaming service ITVX following the sale of its BritBox International stake.
confirmed 1 article 2024-03-01
ITV ITVX
BBC Studios buys British broadcaster ITV's 50% stake in streamer BritBox International for £255M, as ITV focuses on its ad-funded streaming service ITVX
Variety · 2024-03-01 · #19
BBC Studios buys ITV's 50% stake in BritBox International for \u00a3255M.
confirmed 1 article 2024-03-01
BBC Studios ITV BritBox International
BBC Studios buys British broadcaster ITV's 50% stake in streamer BritBox International for £255M, as ITV focuses on its ad-funded streaming service ITVX
Variety · 2024-03-01 · #19
The $500M sale will make Saber Interactive privately owned; the studio has about 3,500 staff.
confirmed 1 article 2024-02-29
Saber Interactive private investors
Embracer Group AB will sell its subsidiary Saber Interactive to private investors for $500M, making Saber a privately owned company.
confirmed 1 article 2024-02-29
Embracer Group AB Saber Interactive private investors
Apple reportedly held talks with Elon Musk about buying Tesla.
rumored 1 article 2024-02-29
Apple Elon Musk Tesla
Sources detail Apple's $10B+ car project: years of disagreements over building a self-driving car or just an EV, talks with Elon Musk on buying Tesla, and more
New York Times · 2024-02-29 · #5
Marc Benioff is the owner of Time magazine.
confirmed 1 article 2024-02-29
Marc Benioff Time (magazine)
Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details
NPR · 2024-02-29 · #43
Marc Benioff is reported to be quietly buying up vast tracts of land in Hawaii.
confirmed 1 article 2024-02-29
Marc Benioff Hawaii
Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details
NPR · 2024-02-29 · #43
The company expects the SPAC merger to occur around September 2024.
confirmed 1 article 2024-02-29
Webull September 2024
Webull plans to go public via a SPAC merger with SK Growth Opportunities around September 2024 and expects to raise ~$100M, valuing the online brokerage at $7B+
Wall Street Journal · 2024-02-29 · #37
Webull plans to go public via a SPAC merger with SK Growth Opportunities.
confirmed 1 article 2024-02-29
Webull SK Growth Opportunities
Webull plans to go public via a SPAC merger with SK Growth Opportunities around September 2024 and expects to raise ~$100M, valuing the online brokerage at $7B+
Wall Street Journal · 2024-02-29 · #37
JioCinema and Disney+Hotstar are set to merge their streaming operations in India.
confirmed 1 article 2024-02-28
JioCinema Disney+Hotstar
India's two leading streamers, JioCinema and Disney+Hotstar, to merge after Reliance, its portfolio company Viacom18, and Disney merge their businesses in India
TechCrunch · 2024-02-28 · #23
Reliance, its portfolio company Viacom18, and Disney are merging their media businesses in India, creating the largest media entity in South Asia.
confirmed 1 article 2024-02-28
Reliance Viacom18 Disney media businesses in India
India's two leading streamers, JioCinema and Disney+Hotstar, to merge after Reliance, its portfolio company Viacom18, and Disney merge their businesses in India
TechCrunch · 2024-02-28 · #23
Docs suggest Automattic would sell Tumblr/WordPress user data to OpenAI and Midjourney to train AI tools.
rumored 1 article 2024-02-28
Automattic OpenAI Midjourney
Docs: Tumblr staff compiled users' data in preparation for deals where parent company Automattic would sell the data to OpenAI and Midjourney to train AI tools
404 Media · 2024-02-28 · #24
Docs indicate Tumblr staff compiled users' data in preparation for potential deals.
rumored 1 article 2024-02-28
Tumblr
Docs: Tumblr staff compiled users' data in preparation for deals where parent company Automattic would sell the data to OpenAI and Midjourney to train AI tools
404 Media · 2024-02-28 · #24
Thrasio built its e-commerce aggregation model by acquiring third-party Amazon sellers.
confirmed 1 article 2024-02-28
Thrasio third-party Amazon sellers
Thrasio, which raised $3B+ in equity and debt to acquire third-party Amazon sellers, files for Chapter 11 bankruptcy and secures $90M in emergency funding
TechCrunch · 2024-02-28 · #18