Month: October 2021
Foxconn is buying Lordstown Motors’ Ohio EV factory for $230 million
iPhone assembler Foxconn is buying an automotive factory from struggling EV startup Lordstown Motors for around $230 million, the companies announced late Thursday. Foxconn says it has agreed to build Lordstown Motors’ electric pickup truck at the plant, which is where General Motors used to make the Chevrolet Cruze, and…
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Zoom won’t buy Five9 after all
Five9 will remain independent — its deal to be acquired by Zoom is off. Though a press release from Five9 says it was “terminated by mutual agreement,” it’s also the case that Five9 shareholders rejected the $14.7 billion deal. Zoom originally announced the acquisition on July 18th. Five9 automates managing…
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Disney and Scarlett Johansson have settled their lawsuit
Three months after Scarlett Johansson sued Disney over its streaming release of Black Widow, arguing she stood to lose millions of dollars because her salary was based on the box office performance of the film, the suit has now been settled, according to The Hollywood Reporter, Variety, and The New…
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