Tag Archives: venture

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so. By Anna Rzhevkina and Gleb Stolyarov MOSCOW: Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their… Source link

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their ride-hailing joint venture as part of a $1 billion deal. The restructuring of the MLU ride-hailing and car… Source link

A survey shows hedge funds plan to increase their exposure to cryptocurrencies by 2026. Photo: Getty Images Bitcoin dropped below $40,000 (£28,410) on Tuesday morning even as a survey showed hedge funds interest is on the up and billionaire venture capitalist Tim Draper said he is sticking by his prediction that the cryptocurrency will reach $250,000 by the end of 2022 or early 2023. Bitcoin (BTC-USD) was down 1% and trading at $39,717 a day after it got a boost as American hedge fund magnate… Source link

CNBC’s Jim Cramer expressed optimism Wednesday toward Google‘s new health-care venture with hospital chain HCA Healthcare, heralding the deal as the latest positive catalyst for shares of the technology giant. “It’s the kind of thing that makes you want to buy the stock, and even though Google’s up 36% for the year … I think it’s got a lot more room to run,” said the “Mad Money” host, who currently holds a favorable outlook on the broader cohort of FAANG stocks. Under the partnership with… Source link

NEW YORK, March 16, 2021 /PRNewswire/ — InterPrivate II Acquisition Corp. (NYSE: IPVA.U) (NYSE: IPVA) (NYSE: IPVA WS) (the “Company”) announced today that Susan L. Decker, Jeffrey Harris and Tracey Brophy Warson were appointed to the board of directors of the Company (the “Board”) on March 4, 2021, in connection with the Company’s initial public offering. Ms. Decker, Mr. Harris, and Ms. Warson are independent directors. InterPrivate II Acquisition Corp. is led by Chairman and CEO

Former Toys R Us CEO Gerald Storch on Walmart+ launching to compete with Amazon as titan retailers. Verizon Media announced it has partnered with Walmart for a unique grocery shopping venture that allows Yahoo Mail users to purchase their food staples online. The partnership, which has been named “Groceries from Walmart,” is the first of its kind. Yahoo users will be able to add items to their virtual shopping cart straight from their email inbox as well as keep track of promotions,… Source link