fbpx

2/4/21: What’s Going On

Parler, Royal Dutch Shell and more from around the business world.
(Julius Kielaitis)
(Julius Kielaitis)
Share on facebook
Share on twitter
Share on linkedin
Share on email

“Box is diversifying its business by acquiring SignRequest, a seven-year-old provider of digital signature software, and incorporating it into a forthcoming product called Box Sign. The $55 million deal shows how Box, which hasn’t benefited substantially from the shift of companies working from home during the pandemic, aims to let customers handle a wider range of business tasks from within its core file-sharing and content management services.”

“Ant Group Co. and at least a dozen banks are paring back their years-long cooperation on consumer lending platforms that fuel the spending of at least 500 million people across China. Regulators have signaled their intention to curb online loans in recent months, prompting banks and Ant itself to discuss lending caps, people familiar with the matter said, asking not to be identified discussing private information.”

“An internet misanthrope launches a message board for amateur stock pickers, gets kicked off and then watches from afar as this rogue community brings Wall Street to its knees. That is the hot pitch that turned Jaime Rogozinski into the man every producer in Hollywood wanted to do business with. Earlier this week, the founder of Reddit’s WallStreetBets sold the rights to his life story to RatPac Entertainment, a production company known for backing hits like ‘Wonder Woman.’”

Companies Raising Capital
NameAmountDescription
BigChange$102 MillionA Platform To Help Manage Service Fleets
Mobile Premier League$95 MilionIndian Pure-Play Gaming Platform That Hosts Tournaments
Storyblok$8.5 MillionA “Headless” CMS For Developers And Marketers To Deliver Content

“The U.S. is on pace to vaccinate 75% of its population against Covid-19 this year, while Canada would need almost a decade to reach that coverage level, according to Bloomberg’s Covid-19 Vaccine Tracker.”

“Merck & Co. said Kenneth Frazier plans to retire as chief executive officer after almost a decade leading the drugmaker. Frazier, who will continue as executive chairman, will step down as CEO effective June 30, the company said in a statement.”

“Consulting giant McKinsey & Co. has reached a $573 million settlement with states over its work advising OxyContin maker Purdue Pharma LP and other drug manufacturers to aggressively market opioid painkillers, according to people familiar with the matter.”

“Parler, a moderation-light social-media network that was forced offline last month by tech giants over how it policed its content, has fired its chief executive amid a dispute over the platform’s future.”

“Sen. Amy Klobuchar (D., Minn.), the incoming head of the Senate antitrust subcommittee, will propose broad changes to U.S. antitrust laws Thursday as the newly Democratic-led Congress begins to press the issue of perceived monopoly power in technology and other industries.”

“Shares in Kuaishou Technology surged in gray-market trading ahead of the Chinese video-app operator’s Hong Kong debut, after investors placed about $370 billion of orders for the $5.4 billion deal.”

“Royal Dutch Shell reported a fourth-quarter loss as it continued to grapple with the fallout of the pandemic but said it would raise its dividend, forecasting a recovery in demand later this year.”

Share on facebook
Share on twitter
Share on linkedin
Share on email

Responses

Related Posts