Tag Archive : Public

/ Public

(Reuters) – U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.

An agreement could be announced as soon as Wednesday, the sources said, cautioning that talks could still falter. E2open is owned by private equity firm Insight Partners.

The sources requested anonymity because the matter is confidential. CC Neuberger declined to comment. E2open and Insight Partners did not immediately respond to requests for comment.

CC Neuberger I shares rose as much as 10.7% on the news but pared gains to close 3.2% higher at $10.53.

CC Neuberger I is a special purpose acquisition (SPAC), or shell, company that uses proceeds from an initial public offering to acquire a private company, which then becomes public

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[10/13/2020] Starlink Preps Public Beta For Parts Of U.S & Canada

Last week, Elon Musk indicated that SpaceX’s satellite-based Internet business, Starlink, had launched enough satellites to start public beta services in parts of the northern U.S. and southern Canada. With the launch of about 60 Starlink satellites last Tuesday, SpaceX will have a total of over 770 satellites in orbit. While the company should be able to offer speeds of about 100 Mbps, it plans to launch thousands of more satellites, enabling Starlink to provide Internet at speeds

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Satya Nadella, chief executive officer of Microsoft, Starry Internet CEO Chet Kanojia, and Los Angeles Mayor Eric Garcetti (Credit: Drew Angerer/Getty Images, Alex Wong/Getty Images, and Gabriel Rossi/Getty Images)
Satya Nadella, chief executive officer of Microsoft, Starry Internet CEO Chet Kanojia, and Los Angeles Mayor Eric Garcetti (Credit: Drew Angerer/Getty Images, Alex Wong/Getty Images, and Gabriel Rossi/Getty Images)

The City of Los Angeles and Microsoft have partnered up to provide free internet services for six months to thousands of South L.A. public housing residents.

Mayor Eric Garcetti announced the collaboration with service provider Starry Internet, according to the Los Angeles Daily News. Roughly 6,000 residents will benefit from the program, an extension of an existing program.

Starry Internet — Related Companies is a minority investor — began providing free internet to residents at Mar Vista public housing in June, and has committed to offering service through the end of the year.

Microsoft is now providing grant funding to expand that to four more L.A. Housing Authority complexes in Watts — Nickerson Gardens, Jordan Downs, Imperial Courts, and Pueblo del

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Online game platform Roblox said Monday that on a confidential basis it had submitted a draft registration statement to the Securities and Exchange Commission for a public offering of common stock.

The San Mateo, Calif., company said it hasn’t determined the number of Class A common shares it will sell and at what price.

Roblox said it intends to commence the public offering following completion of the SEC review.

The company is aiming for a public valuation of about $8 billion, Reuters reported earlier this month. 

That would double the $4 billion valuation it got in a $150 million fundraising round in February led by venture capital firm Andreessen Horowitz. The VC firm said in February that the platform reached more than 115 million monthly users.

The company hosts millions of games that are built by its users, who then get a share of any related revenue. 

“Roblox is powered

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TikTok rival Triller Inc. is in talks with blank-check acquisition companies about a merger that could take the company public, a media report said.

The video-production-focused social-media company is negotiating a possible deal with special purpose acquisition companies, Reuters reported. 

Triller is working with investment bank Farvahar Partners, sources told Reuters.

SPACs, or blank-check companies, are publicly traded entities formed specifically to find and merge with operating companies.

Triller is also in talks with investors to privately raise as much as $250 million, Reuters reported. That effort, led by UBS, has so far secured $100 million at a $1.25 billion valuation, sources told Reuters.

Triller has said it seeks to capitalize on TikTok’s uncertain situation in the U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent, ByteDance, to shed the app due to concern that U.S. citizens’ personal data might be accessible to China’s communist government.

A federal judge

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  • Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency.
  • The winners can now download a digital renminbi app to receive the digital yuan and spend it at over 3,000 merchants in a particular district of Shenzhen.
  • The digital yuan is not a cryptocurrency like bitcoin. Instead, it is issued and controlled by the People’s Bank of China, the country’s central bank.



a close up of Mao Zedong holding a piece of paper: A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.


© Provided by CNBC
A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.

GUANGZHOU, China — China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future.

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Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the

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After a series of delays due to unfavourable weather conditions, the latest SpaceX Starlink mission launched last week on Tuesday, Oct. 6, at 7:29 a.m. PDT. This added 60 more satellites that are intended to beam down high-speed internet from space. This brings the total number of low-Earth orbit (LEO) satellites from the privately-owned space firm to almost 800. It will not end just yet, as more are planned to go up in the future. The service is expected to go online for its beta testing phase soon.



a sign lit up at night: SpaceX Starlink satellites pass over Leiden


© Photo: Marco Langbroek / Marco Langbroek
SpaceX Starlink satellites pass over Leiden

Elon Musk said, “Once these satellites reach their target position, we will be able to roll out a fairly wide public beta in northern US and hopefully southern Canada.” This is just the initial phase, as SpaceX plans to increase coverage moving forward to eventually provide a constellation that

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By Joshua Franklin and Echo Wang

(Reuters) – Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.

The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.

Triller, which was launched in 2015 and only has a fraction of the 100 million users that TikTok boasts in the United States, has said it hopes that the uncertainty over its rival’s future will drive more influencers and users to its platform.

Triller

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Wireless industry veteran Pardeep Kohli has been there before.

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In 2013, he took Mavenir Systems, a Richardson-based mobile network software company, to the public trading markets in an IPO after several successful venture capital fundraising rounds. Two years later, the company was bought up by a Canadian firm for $560 million and Kohli went on to his next venture.

in 2016, when Ottawa-based Mitel Networks Corp. unloaded the company to a New York private equity investor for $200 million less than the original purchase price, it was merged with Kohli’s startup and another firm and he came back to lead the combined operation.

Now called Mavenir, the rebranded tech firm is once again ready for the public markets after a year that saw it bring in $427 million in revenue. Mavenir filed documents this week with the U.S. Securities and Exchange Commission for a Nasdaq-listed IPO.

The company

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Nearly 9,000 residents of public housing in Los Angeles will receive free broadband internet access for the rest of the 2020-21 school year as part of a new partnership between the city, Microsoft, and the start-up internet service provider Starry. <span class="copyright">(Gabriella Angotti-Jones / Los Angeles Times)</span>
Nearly 9,000 residents of public housing in Los Angeles will receive free broadband internet access for the rest of the 2020-21 school year as part of a new partnership between the city, Microsoft, and the start-up internet service provider Starry. (Gabriella Angotti-Jones / Los Angeles Times)

Nearly 9,000 residents of public housing in Los Angeles will receive free broadband internet access for the rest of the 2020-21 school year as part of a new partnership between the city, Microsoft, and the startup internet service provider Starry.

Starting in early November, residents of the Jordan Downs, Nickerson Gardens and Imperial Courts housing projects in Watts and the Pueblo del Rio complex in Central Alameda will be able to sign up for the service. They join residents of the Mar Vista Gardens, who have had access since August.

The new partnership comes as L.A. schoolchildren settle into another month of remote learning,

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