Larry Ellison leads group of investors paying $7.1 billion for Musk takeover on Twitter – TechCrunch
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What is a five letter word containing ERUS? You did the GUESS — USERS is what — and tens of millions of them joined the New York TIMES after its acquisition of Wordle, according to Amanda‘S REPORT. As LOYAL players, we LOVE it. – Christina and haje
TechCrunch’s top 3
- Support Elon: Like the sand in the hourglass, we learn more every day about who is about to invest in the offer to buy Elon Musk on Twitter. A filing on Thursday revealed that nearly two dozen investors had brought in money, including Sequoia Capital, Binance and Oracle co-founder Larry Ellison, who had a billion dollars with which he would not. did nothing at the moment.
- CVC can lead to mergers and acquisitions: Over the past year, we’ve seen a number of companies launch their own venture capital arms, and now it looks like all of that venture capital activity could be generating M&A activity. Why? alexander and Anna explore a few reasons, including falling public valuations and a stock market environment that causes some companies to hit the pause button on an IPO. They expect CVCs to start scouting start-ups for potential deals, perhaps starting with those on their cap table.
- Shopify announces its next step with the acquisition of Deliverr: Shopify pulled the trigger on a $2.1 billion acquisition of Deliverr, leading us to wonder if this was Shopify trying to intrude into Amazon’s Fulfillment By Amazon territory , one of the reasons why some small businesses may have chosen the e-commerce company over other marketplaces. We also investigated whether this was a fair purchase price.
Startups and VCs
Lynda did it in 2013, Kevin raised $65 million a few days ago, and now it’s Alan’s turn, with a medical one-stop-shop round of $193 million. I’m not entirely sure what’s going on in the world of startup naming, but that’s what we’re here for. We look forward to hearing from Wendy, Talesha and Fred next.
Come with me, and you will see, a world of pure appreciation:
Pitch Deck Teardown: Momentum’s $5 Million Pitch Deck
Momentum, a B2B company that makes sales process automation software, accidentally convinced an early investor to lead its seed round before the founders had even created a pitch deck.
“We showed up at a board meeting on Friday. On Monday, they were like, ‘Hey, do you have five minutes? We want to sit with you,” said CEO and co-founder Santiago Suarez Ordoñez.
“They literally put a term sheet on the table with the exact terms we wanted.”
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Big Tech inc.
- Apple, Google and Microsoft, oh my! : These three elements come together to support passwordless logins on mobile, desktop, and browsers. Yes, there are password managers and other technologies to help us choose “v6Yp8eR43wQ!” instead of “openuporelse1”, but the goal is to make logging into a website as easy as unlocking your phone. Speaking of privacy, as we await the fate of Roe v. Wade, Carly considered whether it’s time to remove that period tracker app you were using.
- More sanctions for Hikvision: The surveillance camera company saw its shares fall following a report that the Biden administration would impose new sanctions on the China-based company, accusing it of enabling human rights abuses.
- A few stops: YouTube Go is shutting down in August, while Facebook is shutting down its podcast service on June 3, just a year after it launched. However, Meta had better news for the creators of Facebook Reels.
- Starlink adds additional fees: If you like to take your Starlink internet everywhere you go, it might be less beneficial now that the company has added a $25 per month fee.