Maria Deutscher
Latest from Maria Deutscher
Sequoia and Paradigm invest $1.15B in electronic trading firm Citadel Securities
Sequoia Capital and Paradigm, an investment firm focused on the cryptocurrency ecosystem, have bought a $1.15 billion stake in electronic trading company Citadel Securities LLC. The New York Times and Wall Street Journal reported the investment today. Citadel Securities LLC is now said to be valued at about $22 billion. Chicago-based Citadel Securities provides electronic ...
Car sharing marketplace Turo files for IPO
Turo Inc., the operator of the world’s largest car sharing marketplace, has filed for an initial public offering on the New York Stock Exchange. San Francisco-based Turo announced its IPO plans late Monday. The startup said in the regulatory filing for the offering that it’s hoping to raise $100 million, a figure often used as ...
Apple says developers have generated $260B in revenue through the App Store
Apple Inc. today shared new data about the growth of the App Store, detailing that developers have generated total revenue of more than $260 billion through the marketplace since its launch in 2008. According to CNBC, the iPhone maker previously stated that developers’ total App Store revenues amounted to more than $200 billion at the ...
Report: UK financial regulators plan to increase scrutiny of cloud providers
U.K. regulators plan to increase their scrutiny of public cloud platforms amid concerns about the impact of a potential future outage, the Financial Times reported late Sunday. Several of the U.K.’s largest banks have inked cloud deals with Amazon Web Services Inc., Microsoft Corp. and Google LLC. Officials are said to be concerned that an ...
Videogame giant Take-Two Interactive acquires Zynga for $12.7B
Video game company Take-Two Interactive Software Inc. today announced plans to acquire Zynga Inc., a major player in the mobile game market, for $12.7 billion. The deal values Zynga at $9.861 per share, a 64.5% premium over the price at which the company’s shares closed on Friday. The steep premium reflects the fact that the ...
Andreessen Horowitz raises $9B for three new investment funds
Prominent venture capital firm Andreessen Horowitz, an investor in tech firms such as Stripe Inc. and Databricks Inc., today said it has raised $9 billion for three new funds. The largest of the new investment vehicles, dubbed the Growth fund, is launching with $5 billion in initial capital. It’s being rolled out alongside the $1.5 ...
Chip demand and foldable devices boost Samsung’s fourth-quarter earnings
Samsung Electronics Co. Ltd. estimates that its revenue reached a record 76 trillion won, or about $63.1 billion, in the fourth quarter ended Dec. 31. The South Korean electronics giant released its revenue estimate early today as part of its fourth-quarter earnings guidance. Samsung is expected to post its full earnings report later in January. ...
GM will use Qualcomm chips in upcoming Ultra Cruise driver assistance system
General Motors Co. has joined with Qualcomm Inc. to develop a driver assistance system that will enable vehicles to operate autonomously 95% of the time, the companies announced today. The driver assistance system is known as the Ultra Cruise. GM plans to include the Ultra Cruise in several upcoming vehicles, including a fully electric Cadillac ...
Report: IBM seeking to sell Watson Health unit for $1B+
IBM Corp. has launched a new effort to sell its Watson Health division, Axios reported on Wednesday, and the company is said to be hoping the unit will fetch more than $1 billion. Word that IBM plans to sell Watson Health first emerged last February. At the time, the Wall Street Journal reported that the unit ...
Data analytics giant Qlik confidentially files for initial public offering
Qlik, one of the industry’s top makers of business intelligence software, today said that it has filed confidentially for an initial public offering. The move puts Qlik, officially QlikTech International AB, on a path to return to public markets about five years after being taken private by Thoma Bravo. Before the acquisition, the software maker ...