billion

Seattle startup Cyrus inks protein-design deal with immune biotech Selecta worth up to $1.5 billion

by
Cyrus Bench on laptop

Cyrus Biotechnology has several drug discovery and development partnerships and also markets Cyrus Bench, a software platform for protein engineering. (Cyrus photo) Seattle-based Cyrus Biotechnology is entering into a protein engineering collaboration with Boston-based Selecta Biosciences that could raise up to $ 1.5 billion for the University of Washington spinout. The partnership will support the … Read more

Sony closes $1.175 billion deal to buy Crunchyroll from AT&T

by
Igor Bonifacic

It is official. Sony now owns both Crunchyroll and Funimation. The company’s Sony Pictures division closed on Monday the acquisition, valued at $ 1.175 billion. And with the deal now closed, Tony Vinciquerra, CEO of Sony Pictures, said the company’s goal was “to get a unified anime subscription as soon as possible.” Sony has not … Read more

Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise – TechCrunch

by
Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise – TechCrunch

Unacademy has raised $ 440 million in a new round of funding as the Indian online learning startup seeks to expand into several additional categories. Temasek led the new funding round for the Bangalore-based startup, while Mirae Asset and existing investors such as SoftBank Vision Fund 2, General Atlantic, Tiger Global, as well as Zomato … Read more

Rivian reportedly plans to invest $5 billion in its second US assembly plant

by
Steve Dent

It was revealed last week that Rivian plans to build a second U.S. manufacturing facility for its electric vehicles and batteries, and more details have now been leaked. The company plans to initially invest $ 5 billion in the second facility called Project Tera, which Reuters says will begin construction in the fall of 2021. … Read more

DOD cancels $10 billion JEDI contract at center of Microsoft and Amazon feud

by
Igor Bonifacic

The Department of Defense is terminating its $ 10 billion cloud contract for the Joint Enterprise Defense Infrastructure (JEDI). The Pentagon said it had “initiated contract termination procedures” in a press release shared Tuesday, stating that “the department has determined that the JEDI cloud contract is no longer meeting its requirements due to evolving requirements, … Read more

Home services platform Urban Company raises $255 million at $2.1 billion valuation – TechCrunch

by
Home services platform Urban Company raises $255 million at $2.1 billion valuation – TechCrunch

Home Services Market Urban Company announced Wednesday that it has raised $ 255 million in a new round of funding and confirmed a valuation of $ 2.1 billion. The new round of funding – a Series F – was led by Prosus Ventures, Dragoneer and Wellington Management, while Vy Capital, Tiger Global and Steadview participated. … Read more

With $8.45 billion MGM deal, Amazon scripts its own Hollywood plot twist

by
With $8.45 billion MGM deal, Amazon scripts its own Hollywood plot twist

The purchase of MGM marks Amazon’s biggest move in Hollywood to date as Jeff Bezos prepares to step down as CEO of Amazon. (GeekWire Photo Illustration.) Amazon Agreement to acquire MGM for $ 8.45 billion has all the makings of a great script that combines a Hollywood icon with an internet powerhouse. But will this … Read more

Alibaba hit with $2.8 billion fine in China antitrust case

by
Mariella Moon

Chinese authorities fined Alibaba $ 2.8 billion after closing an antitrust investigation into alleged monopoly practices. The state market regulator launched an investigation in December into the e-commerce giant’s “suspected monopoly behavior”, particularly its policy of forcing merchants to sell exclusively on their platforms and preventing them from selling on competing e-commerce websites for sale. … Read more

Byju’s acquires Indian tutor Aakash for nearly $1 billion – TechCrunch

by
Byju’s acquires Indian tutor Aakash for nearly $1 billion – TechCrunch

Why has Byju raised over $ 1 billion in the last year and is already nearing another half a billion dollars in hedge? We’re getting some answers today. Byju’s announced on Monday that it had acquired Aakash Educational Services, a 33-year-old chain of physical coaching centers, as the Indian online learning giant continues to consolidate … Read more