The German Multinational corporation Porsche SE invests in rocket start-up Isar Aerospace to gain access to new space-based technologies. The company has joined banking group Lombard Odier and venture capital firm HV capital to raise $75 million bringing the fund to $165 million and valuing the group at an estimated $550 million. The executive responsible […]
Europe’s leading Banking-as-a-Service platform, Solarisbank AG announced that it has raised €190 million to acquire Contis, the current valuation of Solarisbank is €1.4 billion. The round was led by Decisive Capital Management, with support from growth investors, including CNP (Groupe Frère),Ilavska Vuillermoz Capital and Pathway Capital Management. Existing investors led by yabeo Capital, alongside BBVA, […]
The oil and gas company bp acquires digital energy business Open Energi, which is a technology company that optimises and trades power from low carbon-technologies such as EVs, battery storage, hydrogen electrolysers, demand-side response, and smart buildings. Open Energi, over the past decade has thrived itself to become one of the prominent energy technology company […]
The financial services corporation Visa Inc has announced that it has signed an agreement to acquire Currencycloud which is a platform that allows fintechs and banks to provide innovative foreign exchange solutions for cross border payments. Currently Currencycloud values at £700 million, inclusive of cash and retention incentives. The cloud platform will help in improving […]
The Australian mining company BHP announced that it has signed nickel supply agreement with US carmaker Tesla. The miner will supply nickel from its Nickel West Asset in Western Australia, BHP produces one of the most sustainable and lowest carbon emission nickel producers in the world. Tesla, One of the largest manufacturer of electric vehicles […]
The real estate investment trust Kite Realty Group Trust and RPAI (Retail Properties of America) announced a $7.5 billion merger in which RPAI would merge into a subsidiary of KRG. Both the companies are expected to have an equity market capitalisation of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon […]
The teleconferencing software Zoom acquires cloud contact centre Five9 for $14.7 billion. This acquisition will help Zoom to enhance its presence with enterprise customers and will allow it to speed up its long term growth opportunity by adding $24 billion in contact centre market. As per the proposed transaction, the stakeholders of Five9 will receive […]
The tech giant Tencent agrees to buy video game maker Sumo Group for $1.27 billion. The Chinese firm is offering around 513 pence per share for Sumo, a 43% premium to the British company’s previous close. On a fully diluted basis, the offer values Sumo at about 919 million pounds ($1.26 billion). Tencent already owns […]
The start-up battery company Enovix began its trading after SPAC merger with special purpose acquisition company Rodgers Silicon Valley Acquisition Corp. After opening the shares in wall street the company announced its merger with the company. Enovix has plans to go essentially zero revenue tin 2021 to $11 million 2022, and then into the mid-$100 […]
India’s Food service platform Zomato has gone on sale in its $1.2bn (£870m) initial public offering (IPO). The food delivery app has subscribed 1.26 times on July 15 by far, the second day of bidding. The offer has received bids almost around 90.57 crore equity shares against IPO size of 71.92 crore equity shares, the […]
The oil giant Shell , Deutsche Telekom ‘s corporate customers arm and and T-Systems International GmbH (T-Systems), have signed a memorandum of understanding (MOU) to advance digital innovation as both companies are transitioning to net-zero emissions. Under the MOU both the companies will agree to Pursue the net-zero goals, Collaborate on innovations and services to […]
The Billionaire Elon Musk all set to invest $30 billion to keep Starlink in orbit. It is currently operating in about a dozen countries and has just over 69,000 active users. The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonise Mars, said investment costs before Starlink achieves fully […]
The Medical technological company CMR Surgical has announced that it has raised £425 million in Series D financing at $3B valuation. The round was led by SoftBank Vision Fund 2ii and co-led by Ally Bridge Group and will support the Company’s mission to make keyhole surgery accessible to more people worldwide. The funds will be […]
The cloud computing platform Amazon Web Services acquire messaging service Wickr. Amazon Web Service had posted revenues of $13.5 billion last quarter, up 32% year-on-year, with net income of $8.1 billion. The Amazon subsidiary AWS made the decision official through a social media post. The post read, “We are excited to share that AWS has […]
The Investment bank HSBC is committing $5 billion of lending to support strong companies in the United Arab Emirates ( UAE ) that need new capital to drive well-developed plans to grow their businesses globally. The initiative is a meaningful way for HSBC to recognise both its 75th year in the UAE and its support […]
