Equity
- Technology
Source: OpenAI will get all of the equity back once $92B in profit plus $13B in initial investment are repaid to Microsoft and once other investors earn $150B (Gary Marcus/The Road to AI We Can Trust)
Gary Marcus / The Road to AI We Can Trust: Source: OpenAI will get all of the equity back once…
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Equity management service Carta cuts 10% of its staff, possibly impacting ~200 workers, as it sues a former CTO; the company was valued at $7.4B in August 2021 (Natasha Mascarenhas/TechCrunch)
Natasha Mascarenhas / TechCrunch: Equity management service Carta cuts 10% of its staff, possibly impacting ~200 workers, as it sues…
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Vista Equity Partners agrees to acquire insurance tech company Duck Creek Technologies for $2.6B in cash, or $19 per share; Duck Creek stock jumps 45%+ (Jesse Pound/CNBC)
Jesse Pound / CNBC: Vista Equity Partners agrees to acquire insurance tech company Duck Creek Technologies for $2.6B in cash,…
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Riyadh-based Manafa, which offers SMBs debt and equity financing based on a crowdfunding model, raised a ~$28.2M Series A led by STV and Aramco's Wa'ed Ventures (Deena Kamel/The National)
Deena Kamel / The National: Riyadh-based Manafa, which offers SMBs debt and equity financing based on a crowdfunding model, raised…
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Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving Saudi Arabia's sovereign wealth fund a majority stake in the company (Matthew Field/Telegraph)
Matthew Field / Telegraph: Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving…
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Analysis of Elon Musk's reported attempts to raise more money through an equity sale at an absurd price, why his successor's job will be unenviable, and more (Matt Levine/Bloomberg)
Matt Levine / Bloomberg: Analysis of Elon Musk’s reported attempts to raise more money through an equity sale at an…
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Sources: the MD of Elon Musk's family office is seeking new equity investors for Twitter, offering shares of Twitter at $54.20, the same price that Musk paid (Semafor)
Semafor: Sources: the MD of Elon Musk’s family office is seeking new equity investors for Twitter, offering shares of Twitter…
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Private equity firm Advent plans to acquire Maxar, which operates 90 satellites that collect images used by Google Maps and others, for $6.4B including debt (Miriam Gottfried/Wall Street Journal)
Miriam Gottfried / Wall Street Journal: Private equity firm Advent plans to acquire Maxar, which operates 90 satellites that collect…
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Zappi, which offers an automated, AI-based market research service, raised $170M from Sumeru Equity Partners and others and says it has 350 clients (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch: Zappi, which offers an automated, AI-based market research service, raised $170M from Sumeru Equity Partners and…
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