The largest tech acquisition offer in history wasn’t enough. Qualcomm’s board of directors issued a statement on Thursday saying that they are turning down Broadcom’s $121 billion bid to buy the competing chipmaker. According to the release, Qualcomm “unanimously rejected” an “unsolicited proposal” to buy all of its shares at $82 each, of which $60… Read More
from TechCrunch
Adding to what’s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning. Shares of Twitter rocketed more than 25% this morning following the report, which showed the service is actually able to generate a profit on a GAAP basis. Twitter already wrapped up 2017 with a… Read More
from TechCrunch
Tronc, the company formerly known as Tribune Publishing, announced today that it now owns a majority stake in BestReviews, which publishes in-depth reviews of consumer products. In another announcement today, Tronc said that it intends to use funds from the sale of its California News Group, which included the Los Angeles Times, to focus on a new digital growth strategy that includes investing… Read More
from TechCrunch
Tesla CEO Elon Musk managed to send his Tesla Roadster into space, because why not, earlier this week — and it looks like his week (and Tesla’s) is still looking up for now following the company’s fourth-quarter results. The company slightly beat Wall Street’s expectations on the financial front, and said it’s still targeting producing 2,500 Model 3 vehicles by… Read More
from TechCrunch
Notation Capital, the NY-based pre-seed fund that launched in 2015, has just picked up a fresh $27 million in capital to invest in to super early stage startup sin the NYC area. The fund is called Notation II, and it’s still run by Nick Chirls, who led seed investment at betaworks and helped build Alphaworks, and Alex Lines, an architect at betaworks who contributed to products like… Read More
from TechCrunch
Kids don’t try their hardest unless they think someone’s watching. Overcrowded classrooms and distracted parents can make pouring effort into school work feel pointless. But Seesaw’s app turns their assignments into social media they share with teachers, peers and mom and dad. Now it’s invading schools across the country and just raised a Series A round from LinkedIn… Read More
from TechCrunch
Agrilyst, a platform that makes it easier for indoor farmers to manage their crops based on sensor data, today announced that it has raised a $1.5 million funding round from iSelect Fund, Argonautic Ventures, Horizons Lab (Horizons Venture’s seed fund) and Onland Capital Fund. The new investors were joined by existing investors Compound and the New York State Innovation Capital Fund. Read More
from TechCrunch
Highfive, a startup that’s building an integrated software and hardware video conferencing solution, today announced that it has raised a $32 million Series C round, which brings the Redwood City-based company’s total funding to $77.4 million. The lead investor for this round was Dimension Data, a major global technology integrator and managed services subsidiary of Japan’s… Read More
from TechCrunch
French startup Cityscoot announced a $50 million round of financing yesterday (€40 million). RATP Capital Innovation and Inventure Partners are leading the round, with existing investors Caisse des Dépôts and LeasePlan also participating. Cityscoot operates an electric scooter-sharing service in Paris and plans to expand to other cities in France and Europe. You can now find around… Read More
from TechCrunch
Pushing through a funding round is never an easy process — and for Captain401 co-founder Roger Lee, it was even more tricky this time around. That’s because Lee and his team raised $11 million right around the birth of his first baby. That gave Lee an even deeper appreciation and understanding for the need of robust employee benefits, which was part of the original goal of… Read More
from TechCrunch