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3/16/21: What’s Going On

News from around the business world.
(dennizn)
(dennizn)
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“Stock-trading app Robinhood has acquired Binc, a San Francisco-based provider of recruiting services, the companies announced on Monday. The addition of Binc, an 80-person business founded nearly two decades ago, approximately doubles the size of Robinhood’s recruiting organization during a period of immense growth. The terms of the deal weren’t disclosed.”

Amazon-backed Deliveroo is seeking to raise more than $1.4 billion by selling new shares in the food delivery company in a hotly-anticipated IPO on the London Stock Exchange. The London-based company—which hires riders to deliver food and groceries, just as rivals UberEats and Doordash do—released details of its upcoming public offering on Monday.

“Moderna Inc. has begun studying its Covid-19 vaccine in children aged six months to 11 years in the U.S. and Canada, the latest effort to widen the mass-vaccination campaign beyond adults. The Cambridge, Mass. company said Tuesday that the first children have received doses in the study, which Moderna is conducting in collaboration with the National Institute of Allergy and Infectious Diseases and a division of the Department of Health and Human Services.”

Companies Raising Capital
NameAmountDescriptions
SumUp$895 MillionDoubling Down On Its B2C Payments Business
Bitpanda$170 MillionExpanding Its Trading Platform Beyond Crypto
Appfire$100 MillionBoston-Based Provider of Software Development Apps
Cyware$30 MillionTo Help Organizations Detect And Stop Advanced Cyber Attacks

“Automation Anywhere, a provider of software that companies use to automate repetitive business tasks, has inked a strategic partnership with Google Cloud to sell its products through the cloud provider and work with it to develop new ones.”

“Howie Liu, the cofounder and CEO of cloud software startup Airtable, has raised a $270 million Series E round at a valuation of $5.77 billion.”

“News Corp, the media empire controlled by Rupert Murdoch, said late Monday it reached a deal with Facebook to license content from its Australian media outlets.”

“Messaging app Signal became unusable for many people in mainland China this week, stifling one of the last widely used messaging apps that could send and receive encrypted messages in the country without a virtual private network.”

“The family that owns OxyContin maker Purdue Pharma LP agreed to pay roughly $4.28 billion—a larger sum than previously promised—to resolve lawsuits accusing it of helping to fuel the opioid epidemic.”

“The NCAA men’s basketball tournament begins this week after last year’s cancelation due to the pandemic. CBS Sports and Turner Sports could bring in more than $1 billion in advertisement for the NCAA men’s basketball tournament.”
“The Oakland A’s are taking a head-first slide into cryptocurrency. The San Francisco East Bay ballclub announced that fans can buy a six-seat suite for the 2021, 81-game home season in the Oakland Coliseum for a single bitcoin, valued at one point Sunday at $60,105.96.”

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