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Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders.

The company also said it would accelerate an existing commitment to put $1.5 billion into the short-term real estate rental company.

Report: SoftBank is taking control of WeWork at an ~$8B valuation

Under the specific terms of the deal, WeWork will receive $1.5 billion committed from SoftBank's April 2020 cash infusion into the company at $11.60 per share. With that money expected to [...]

Wed, Oct 23, 2019, Continue reading at the source

Sponsored by RACV

Almost everyone is impressed by the futuristic applications offered by today's smart home tech. However, the potential difficulty in setting up (and affording) your own smart home up can make it seem like something best left to either the super rich or super geeky. In 2019, though, that no longer has to be the case.

Most people will know the RACV as one of Victoria's top automobile clubs. However, it's also put together a kit offering a compelling set of devices that can turn any home into a smart one. The RACV Smart Home Starter Kit collects together six [...]

Wed, Oct 23, 2019, Continue reading at the source
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North Carolina has been rising as an entrepreneurial hub. It's now home to massive deals, like IBM buying Red Hat for $34 billion and Fortnite maker Epic Games raising a landmark $1.25 billion, both which helped to put the state — and the Triangle region, in particular — on the map. And now it's just minted another unicorn with Pendo's last fundraise. But its tech hub potential can still be threatened by the state's political swings, said Salesforce Ventures head John Somorjai, who spoke today at a tech event in Durham.

On a panel at Bull [...]

Wed, Oct 23, 2019, Continue reading at the source

On November 12 Verizon will begin offering 12 months of Disney+ to all of its new and existing 4gLTE and 5G unlimited wireless customers, the companies said today in a joint statement.

It's a great way for Disney to juice its early subscriber numbers and for Verizon to add a tantalizing perk as competition heats up for both streaming media companies and telecoms whose media strategy still seems a little… muddled.

While Comcast and AT&T each have their own successful media properties, Verizon (which owns Verizon Media Group, which owns TechCrunch) has seen its fortunes in the media landscape wane as much [...]

Wed, Oct 23, 2019, Continue reading at the source

The email delivery platform Mailgun, which is backed by Thoma Bravo, has announced that it will acquire the Paris-headquartered email solution Mailjet.

Currently over 160,000 organizations utilize Mailgun's email API solutions to deliver their transactional and marketing email. With the acquisition of Mailjet, the two brands will now server over 290,000 companies in over 150 countries and make it easier for developers and marketers alike to send smarter emails.

Mailgun's CEO Will Conway explained the company's reasoning behind acquiring Mailjet, saying:

Email marketers prefer Gmail, Microsoft and Verizon as their webmail clientsMailchimp expands email offering to full marketing serviceHostinger [...]
Wed, Oct 23, 2019, Continue reading at the source
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They drove to collect Froot Loops as a reward.

[...]
Wed, Oct 23, 2019, Continue reading at the source
Chris Skidmore says blue sky research funder would sit outside UK Research and Innovation [...]
Wed, Oct 23, 2019, Continue reading at the source