Private Equity
Silicon Valley start-up Nuro said on Tuesday it raised $92 million to launch a self-driving delivery vehicle, joining automakers, shippers and a host of little-known companies developing autonomous vehicles for local commerce.
2 min read · 31 January 2018
The owner of Avast Software has chosen Morgan Stanley and UBS to list the antivirus software business in a multi-million dollar initial public offering in London, sources told Reuters.
1 min read · 31 January 2018
Fujitsu Ltd said on Wednesday it had agreed to sell a majority stake in its wholly-owned mobile phone unit to investment fund Polaris Capital Group, as it sharpens focus on its main IT services business.
1 min read · 31 January 2018
Andrew Ng, who formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc, has raised a $175 million fund to invest in AI startups, starting with one of his own aimed at computers detecting defects in products, Reuters reported.
2 min read · 31 January 2018
Sequoia Capital, an early investor in global tech behemoths like Google Inc and Apple Inc, aims to raise up to $8 billion in its largest-ever fundraising and has set sights on Chinese investors, people familiar with the plan told Reuters.
3 min read · 31 January 2018
Japan’s Line Corp said on Wednesday that it had entered an agreement with SoftBank Group Corp to give the telecoms and technology firm a majority stake in Line’s mobile unit, Reuters reported.
1 min read · 31 January 2018
U.S. private equity firm Blackstone Group LP catapulted itself into the major leagues of Wall Street’s financial information industry on Tuesday with the acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp, Reuters reported.
5 min read · 31 January 2018
BP Plc said it had invested $5 million in U.S. mobile electric vehicle charging company FreeWire, helping it provide rapid charging at its retail sites in Britain and Europe, as demand for cleaner vehicles is expected to soar.
1 min read · 30 January 2018
U.S. private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 percent stake in the Financial and Risk business of Thomson Reuters Corp, a deal that would value the unit at about $20 billion including debt, Reuters reported.
4 min read · 30 January 2018
Sky Bet’s majority owner CVC has hired investment bank Rothschild to examine a stock market listing of the British firm, seeking to take advantage of booming equity markets and the growing popularity of online gambling, Reuters reported.
2 min read · 29 January 2018
