World | FI SENSE

myfisenseOctober 20, 2021

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British digital bank Zopa has raised $300 million from investors including Japan’s SoftBank Group, it said on Tuesday, as the lender looks to expand its business ahead of a possible listing as soon as next year. The funding round values Zopa at around 750 million pounds ($1.03 billion), a source familiar with the details of […]

myfisenseOctober 20, 2021

According to Bloomberg, Netflix’s pre-recorded call to shareholders announcing its third-quarter results gives us another glimpse at how successful Squid Game was. Around 142 million households worldwide watched the Korean-language show about debt-ridden individuals playing a deadly game for a cash prize worth tens of millions of dollars. That makes it the most-viewed new show in Netflix history, […]

myfisenseOctober 20, 2021

Facebook is planning to rebrand the company with a new name to focus on building the metaverse, according to a report by The Verge. CEO Mark Zuckerberg will unveil its new name at the annual Connect conference on October 28, but it could announce the new name earlier, as reported by The Verge. Facebook, which has […]

myfisenseOctober 20, 2021

Walmart Inc-backed robotics and automation company Symbotic is in talks to merge with a blank-check vehicle backed by SoftBank Group Corp in a deal that would value the combined firm at $4.5 billion, Sky News reported on Monday. An agreement with SVF Investment Corp 3 could be reached within weeks, the report said, citing an […]

myfisenseOctober 20, 2021

German airline Lufthansa (LHAG.DE) and British peer easyJet (EZJ.L) on Wednesday gained backing from Europe’s second top court for their acquisitions of insolvent German carrier Air Berlin’s assets four years ago. Lufthansa received the EU green light from the European Commission in 2017 to buy Air Berlin’s subsidiary LGW in return for giving up some slots at Duesseldorf airport. […]

myfisenseOctober 20, 2021

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A wholly-owned unit of Abu Dhabi Investment Authority (ADIA) has signed an agreement to lead the pre-IPO round of Indonesia’s largest tech group GoTo with a $400 million investment, according to a statement on Wednesday. The deal marks ADIA’s Private Equities Department’s first investment in a Southeast Asian technology business, and also its biggest investment […]

myfisenseOctober 19, 2021

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Asia-Pacific logistics specialist LOGOS has entered into binding arrangements to acquire a 100% freehold interest in a significant parcel of land from Qantas Airways Limited near Sydney Airport for A$802 million ($595 million). LOGOS said the purchase was backed by the Abu Dhabi Investment Authority via the LOGOS Australia Logistics Venture (LALV) as well as […]

myfisenseOctober 19, 2021

Brazilian banking and payments tech platform Pismo raised $108 million in an investment round led by Japan’s SoftBank Group Corp, Amazon.com Inc, and global venture capital firm Accel, it announced on Tuesday. According to Pismo, which was founded in 2016, it’s second funding round is aimed at fueling the company’s global expansion and accelerating the […]

myfisenseOctober 19, 2021

Toyota Motor is joining other major automakers in putting its money behind electrification, said on Monday it would invest $3.4 billion in battery development and production in the United States through the end of the decade. The investment, which comes through the Japanese automaker’s North American arm, includes plans for a new $1.3 billion electric […]

myfisenseOctober 15, 2021

Microsoft Corp is pulling the plug on LinkedIn in China nearly seven years after its launch and will replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the only major U.S.-owned social network operating in the country, where the government requires such platforms to follow strict rules […]

Category: World

British fintech Zopa hits $1b valuation with SoftBank investment

Netflix says 142 million households watched Korean series ‘Squid Game’

Facebook reportedly plans to change its name to focus on the metaverse

Walmart-backed Symbotic, SoftBank SPAC in talks for $4.5b merger

Lufthansa, easyJet win EU court backing to buy Air Berlin assets

ADIA to lead GoTo’s pre-IPO funding round with $400m investment

LOGOS acquires Qantas Airways land parcel for $595m

SoftBank, Amazon, Accel invest $108m in Brazilian banking platform Pismo

Toyota earmarks $3.4 billion to boost EV battery production in the US through 2030

Microsoft to shut down LinkedIn in China, cites “challenging” operating environment

British fintech Zopa hits $1b valuation with SoftBank investment

Netflix says 142 million households watched Korean series ‘Squid Game’

Facebook reportedly plans to change its name to focus on the metaverse

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