Root Insurance valuation hits $3.65 billion in latest round led by DST Global and Coatue – gpgmail

[ad_1] Root Insurance,  lang=”EN”>an Ohio-based car insurance startup that uses smartphone technology to understand individual driver behavior, said Monday it has raised $350 million on a $3.65 billion valuation in a Series E funding round.  The amount of the round was reported last month, citing anonymous sources. This official announcement fills in the remaining details, […]

Alibaba acquires NetEase Kaola in deal worth $2 billion – gpgmail

[ad_1] Alibaba Group said today it has acquired NetEase Kaola for $2 billion and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. The announcement follows weeks of media reports about a potential deal, which was said to have stalled in the middle of August after the companies reportedly disagreed on […]

Trump adds tariffs to $550 billion of Chinese imports in trade war reprisal – gpgmail

[ad_1] President Trump announced Friday on Twitter that tariffs on Chinese imports will increase 5 percentage points in a tit-for-tat response to China’s own plans to place new duties on U.S. goods. About $250 billion of goods produced by China and imported into the U.S. already have a 25% tariff. This newest increase will push […]

VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion – gpgmail

[ad_1] VMware today announced that it is acquiring Carbon Black, a publicly traded security company that focuses on securing modern cloud-native workloads. The price of the acquisition is about $2.1 billion. In addition, VMware also confirmed the acquisition of Pivotal, which will have a value of about $2.7 billion. VMware’s revenue for the last quarter […]

Mobile gaming is a $68.5 billion global business, and investors are buying in – gpgmail

[ad_1] By the end of 2019, the global gaming market is estimated to be worth $152 billion with 45% of that, $68.5 billion, coming directly from mobile games. With this tremendous growth (10.2% YoY to be precise) has come a flurry of investments and acquisitions, everyone wanting a cut of the pie. In fact, over the […]

Our Galaxy Might Be Home to 10 Billion Earth-Like Planets

[ad_1] This site may earn affiliate commissions from the links on this page. Terms of use. The Milky Way galaxy is enormous, and we’ve scanned only the tiniest fraction of it in search of planets. We’ve spotted a few thousand of them orbiting distant stars, and now a team of researchers from Penn State University […]

SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund – gpgmail

[ad_1] SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report from the Wall Street Journal. That’s a highly unusual move that could be risky in terms of how […]

Proterra, the Tesla of electric buses, closes in on $1 billion valuation – gpgmail

[ad_1] Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion, gpgmail has learned. The company authorized the sale of 10,857,762 shares at a price of $6.91 in a Series 8 round, according to a securities filing that was obtained by […]

Lux Capital just closed on a whopping $1 billion in capital, doubling the amount of money it manages – gpgmail

[ad_1] When founders think about the venture firms most likely to invest in space or robotics or other bleeding edge technologies, a handful of firms tend to jump immediately to mind. One of these is Lux Capital, a venture capital firm that has offices in New York and Menlo Park, Ca., and whose bets include […]

Apple Acquires Intel’s 5G Modem Business for $1 Billion

[ad_1] This site may earn affiliate commissions from the links on this page. Terms of use. As expected, Apple has acquired Intel’s modem business. The purchase is a definite win for Apple and for Intel as well, we suppose, inasmuch as the company has gotten rid of a business unit that never seemed to deliver […]