Category: TC
Corporate venture capital follows the same trend as other VC markets: Up
As the global market for startup investing presses to new heights in terms of dollars invested this year, and deal volume ticks up in several regions, corporations are diving into the action. Data from CB Insights and Stryber indicate that corporate investors are taking part in deals worth more than…
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Twitter experiencing widespread outages
Twitter users in Canada and parts of the U.S. appear to be having trouble accessing the social media platform on Friday morning. Reports from third-party web monitoring service Downdetector indicate the issue is impacting users across Canada and mainly the eastern parts of the U.S. near the Canadian border, though…
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Waymo will stop selling its self-driving LiDAR sensors to other companies
Just months after a CEO shakeup, Waymo is officially halting sales of its custom sensors to third parties. The move sees the Alphabet-owned self-driving company unwinding a business operation just two years into its lifespan. Waymo confirmed the decision to Reuters, adding that it’s now focusing on deploying its Waymo…
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KKR to acquire New Zealand bus company Ritchies Transport at value of $347M
Global investment firm KKR has plans to acquire a New Zealand bus and coach company with an 86-year heritage, Ritchies Transport. The terms of the deal were not disclosed, but sources familiar with the circumstances say the deal values Ritchies at over $347 million ($500 million NZD). On Thursday, the…
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Apple will now let App Store developers talk to their customers about buying direct
Apple announced today it has reached a proposed settlement in a lawsuit filed against it by developers in the United States. The agreement, which is still pending court approval, includes a few changes, the biggest one being that developers will be able to share information on how to pay for…
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Cruise is buying solar energy from California farmers to power its electric, self-driving fleet
Cruise, the self-driving car company under General Motors, has launched a new initiative called Farm to Fleet that will allow the company to source solar power from farms in California’s Central Valley. The San Francisco Chronicle was the first to report the news that Cruise is directly purchasing renewable energy…
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