Duncan Riley
Latest from Duncan Riley
SunGard Data Systems Inc. is said to be preparing for an initial public offering (IPO) according to multiple reports Tuesday. Reuters reported that JPMorgan Chase & Co, Goldman Sachs, Deutsche Bank, Barclays and Credit Suisse has been appointed to lead the IPO, although the …
Report: Microsoft considering a bid for Salesforce
Shares in Salesforce.com Inc. surged Tuesday after a report emerged that Microsoft Corp. might be interested in the software as a service (SaaS) CRM firm. Bloomberg claimed that “people with knowledge of the matter” say that the Redmond, Washington, based tech giant is …
Container wars heat up as CoreOS spins off appc into separate foundation
Linux distribution provider CoreOS, Inc. has taken the battle for a Linux container standard in a new direction by spinning off its App Container Spec (appc) project into a separate foundation. CoreOS launched its own App Container back in 2014 in what …
Newly born unicorn: Cloud comms startup Twilio raises $100m Series E on $1.1b valuation
Cloud communications company Twilio Inc., has raised $100 million Series E on a valuation of $1.1 billion, making the company a newly born baby unicorn. Details of the investors were not available, but the round was discovered in a filing dated April 24 …
Too little, too late? Foursquare reintroduces badges, mayorships to Swarm
Foursquare Inc. has undertaken a backflip worthy of an Olympic gold medal and has decided to reintroduce badges and mayorships to its Swarm app. The original Foursquare app (now represented by the Swarm app) was a geolocation check-in service that was part …
Power to the people: Facebook testing ways to customize top of news feed
Mark Zuckerberg and the friendly team at Facebook Inc., like nothing more than screwing with news feeds to better make money, but for once they might actually be giving some power back to users. A new test being undertaken by the social …
Periscope & Meerkat users stream Pacquiao-Mayweather fight, when will HBO/ Showtime sue?
Meerket, Inc. and Twitter, Inc.’s Periscope may find themselves at the end of legal action from HBO and Showtime after users flooded both services with illegal streams of the “Fight of the Century” on Saturday evening. The Pacquiao-Mayweather fight was only available …
Report: Spotify raises $350 million on a $8 billion valuation
Spotify Inc. is reported to have raised $350 million on a high unicorn valuation of $8 billion. It’s not entirely clear if the round was Series G, or an extension on its Series F round of late 2013. The round hasn’t been …
Food delivery marketplace Foodpanda raises $100 million Series E
Global food delivery marketplace Foodpanda has raised $100 million Series E in a round led by Goldman Sachs Investment that included previous investor Rocket Internet SE. Founded in 2012, Foodpanda has a global food delivery presence across 40 countries, from Mexico through to …
LinkedIn shares plummet as Q1 financials revise down future projections
LinkedIn Inc. shares took a beating Thursday as the professional social networking company presented solid Q1 financials but revised down projected earnings for Q2. The company reported revenue in the first quarter of $638 million, up 35 percent from $473 million in the …