While the figures remain preliminary, SpaceX is lining up Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley to lead the transaction, FT reported.
News, Software
Snapchat set to outstrip Twitter, Yahoo & AOL in ad cash
Snapchat could surpass Twitter, Yahoo and AOL in advertising revenue within three years, with the messaging app company forecast to bring … 0 2349
“We are creating the best salespeople on the planet through conversational AI.” – Daniel Wagner, CEO of Rezolve AI
CNME Editor Mark Forker sat down with British tech entrepreneur Daniel Wagner, to find out how his company Rezolve AI …
“After 40 years of success, the time was right for us to go public, and ring that bell.” – Fayez Ibbini, Alpha Data CEO
CNME Editor Mark Forker sat down with Fayez Ibbini, the CEO and co-founder of Alpha Data, to find out why …
TechStars Director warns of harsh realities for start-ups in global tech sector
CNME Editor Mark Forker spoke to Oko Davaasuren, Senior Director at TechStars, to learn more about his entrepreneurial journey, his …
Uber files for long-anticipated IPO
Uber Technologies has filed paperwork for an initial public offering, according to three people with knowledge of the matter, reported …
Aramco IPO delays push Saudi fund to focus on tech
With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy.
Tesla shares plummet after Musk abandons buyout
Trading in Tesla shares in Germany on Monday pointed to a five percent drop when US markets open, Reuters reported.
Softbank raises stake in Yahoo Japan
SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with US firm Altaba.
Middle East unicorn Careem responds to merger talks
Uber is reportedly in “preliminary talks” with local competitor Careem to strike a deal that would see the two companies merge.
Dubai’s Careem in talks to raise $500m in new funds
Some of the new money raised could go towards new business lines, one source said, adding Careem may be looking to diversify ahead of a potential initial public offering (IPO).