UK cybersecurity darling Darktrace is at risk of being pulled into the US fraud case against tech billionaire Mike Lynch and his former Autonomy colleague Sushovan Hussain.US court documents show that Federal Bureau of Investigation agents held a voluntary interview with Darktrace’s co-chief executive Nicole Eagan, as first reported by the Sunday Telegraph.Read more: Mike Lynch-backed legal AI startup valued at $100m after funding roundThe US government is trying to establish links between Darktrace and Invoke Capital, an investment vehicle founded by Lynch.Hussain was found guilty on fraud charges last year in connection to the sale of Autonomy to Hewlett Packard for $11.8bn (£9.2bn), while Lynch is fighting US extradition to face fraud charges over the same deal.Prosecutors were frustrated in attempts to get non-US firm Invoke to hand over evidence, and have shifted their attention to Darktrace which has a US presence.
Konnectivity, a company jointly owned by Keppel Corporation and Singapore Press Holdings (SPH), has announced that its voluntary conditional general offer for M1 Limited is now unconditional, as Konnectivity and its concert parties have achieved shareholding above 50 percent.Axiata Group, a long-term shareholder of M1, has tendered its entire 28.6 percent stake in acceptance of the offer.Konnectivity has received valid acceptances that result in it and its concert parties holding 75.5 percent of the maximum potential issued share capital of M1.With all the conditions of the offer having now been satisfied, the offer has become unconditional in all respects.M1 is one of Singapore’s four licensed telcos, alongside Singtel, Starhub, and TPG.The carrier has been facing increased competition, with the recent entry of Australia’s TPG and the emergence of mobile virtual network operators such as Circles.Life, MyRepublic, and Zero Mobile.
the Deal is the jackpot for many of the company's major shareholder - including Verdane, Bestseller and H Karl-Johan Persson.Read more: Kinnevik invests 900 million in MathemAccording to the Di Digital data sold all of these about 30 per cent of their holdings.It gave a dividend of more than three times the money, which is our normal return”, says Staffan Mörndal, partner at Verdane and a member of the Mathems board of directors.Verdane sold the shares for approximately Sek 200 million to Kinnevik.It is four times the average price you paid to buy them, according to the task to Di Digital.
When the deal goes through will be Stenbecksfärens listed investment company, thus the largest shareholder in the digital grocery store with 38 per cent of the shares.Approximately 400 Million goes to the newly issued shares of Mathem.the Greatest among these is the venture capital firm Verdane which sold about 30 per cent of his holdings for approximately Sek 200 million to Kinnevik.It is four times more than the average price you paid to buy them, according to the task to Di Digital.Of the latest public ägarlistan from the end of 2017 is shown to Verdane was the biggest shareholder in Mathem, with nearly 33% of the shares (see below).This share will now land at around 20 per cent.
Kinnevik has gone up by 900 million sek in the e-commerce company Mathem.Stenbecksfärens investment company, thus becoming the largest shareholder in the company, with 38 per cent of the shares.In the transaction to buy Kinnevik a combination of newly issued shares worth 400 million, and existing shares for sek 500 million.It is not clear who are the actors who sell their shares in the Mathem.the Mathem had sales of about sek 1.5 billion in 2018 and executed over a million deliveries, according to a press Addition, the company has a collaboration with prylkedjan Clas Ohlson, which is also part owner in the company.
The new capital breaks down as £60 million in a Series C round led by Merian Global Investors, including Merian Chrysalis, with £15 million in follow-on funding from Starling’s existing backer and major shareholder Harald McPike.It brings total funding to date for the London-based challenger bank to £133 million.Meanwhile, breaking with tradition, Starling is formally disclosing its latest customer numbers, presumably now that it has hit a respectable number: the challenger bank now has 460,000 personal current accounts and 30,000 SME accounts, and says it expects to hit one million customers by the end of 2019.Of course, for any current account offering, perhaps a better metric is accounts where a regular salary is paid in.Starling is likely to be punching above its weight here, having launched with a fully fledged current account from the get-go and targeting a slightly broader demographic.On the SME banking front, a good point of reference is SME banking app Tide, which has been around for significantly longer than Starling’s much more recently launched business account.
Kirkby was thought to be one of the front-runners for the BT CEO job, following Gavin Patterson’s decision to spend more time with his yachts.But she took herself out of the running when her employer at the time of the executive search, Tele2, merged with Com Hem, and Kirkby took that opportunity to start a new gig at TDC.In the end BT went for former Worldpay boss Philip Jansen, who has plenty of experience at the top table, but not necessarily of an operator group.With that in mind it makes sense to get in some extra expertise in that area and it’s presumably safe to assume that TDC and BT have no competitive overlap.“Allison brings to the BT Board valuable and recent experience in the international telecommunications sector,” said BT Chairman Jan du Plessis.“This, combined with her strong experience in driving performance, improving customer service and delivering shareholder value, makes her an excellent addition to the Board.
Tesla opened a store on Amazon last week that sells branded merchandise like hats and diecast versions of Tesla vehicles.The move was a small gesture, but a smart one that illustrates the difference between Tesla's retail philosophy and those of its competitors, Gene Munster, a managing partner at Loup Ventures, told Business Insider.Opening the online store allows Tesla to benefit from the amount of traffic Amazon receives while making it easier for customers to engage with the automaker.Read more: Tesla's biggest non-Musk shareholder just cut its stake in half — but the stock is still soaringOpening the online store allows Tesla to benefit from the amount of traffic Amazon receives while making it easier for customers to engage with the automaker, he said."I'm surprised other car companies haven't done it," Munster said of Tesla's decision to create an Amazon store.
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Baillie Gifford & Co., the second-biggest shareholder of Tesla stock and the , has increased its stake in the electric automaker and energy storage company.A regulator filing posted Friday shows Baillie increased its stake in Tesla from 7.64 percent at the end of the third quarter to 7.71 percent at the end of the fourth quarter.That doesn’t sound like much.But it translates into Baillie purchasing nearly 109,000 Tesla shares in the fourth quarter.That pencils out to a ballpark of $32 million worth of shares, if based on Friday’s price alone.CNBC was the first to report the filing.
ten years ago, nobody knew in Europe that Geely was and who Li Shifu was.Now, the chinese entrepreneur, through his holding company, not only made a name for himself – he has real influence within the european automotive sector.Zhejiang Geely Holdings Co. is the sole owner of Volvo Cars and surprised many when, in a short time became a major shareholder in Volvo AB and Daimler.In October 2018 announced Daimler and Geely to jointly launched a mobilitetsföretag in China.This took many analysts (and managers within the Daimler) on the bed, but was a requirement after the chinese company bought almost ten per cent of Daimler.But it seems not to stop there.
Founded in 2001, Hikvision has morphed from a former Chinese government research institute into a US$39 billion business specializing in professional video surveillance cameras.Headquartered in Hangzhou in eastern China and listed on the Shenzhen Stock Exchange, Hikvision has been a supplier to hundreds of government-led surveillance projects in major cities including Shanghai, Hangzhou, and Urumqi, where its cameras can take clear shots of vehicles and passengers even in poor visibility conditions.Hikvision expanded into the consumer space in 2013 with Ezviz, a brand that makes surveillance equipment for the home and office.Around 42 percent of the company is controlled by state-owned enterprises, with China Electronics Technology HIK Group owning 39.6 percent of the company as the biggest shareholder.Along with two alumni from Huazhong University of Science & Technology, Hikvision chairman Chen Zongnian, 54, started the company while he was working in a research division of China Electronics Technology Group Corporation.The global video surveillance equipment market was expected to grow 10.2 percent to US$18.5 billion in 2018, thanks to increasing demand for security cameras, according to a report by London-based market research firm IHS Markit last July.
At the tail end of its shareholder letter for Q1 2019, Sonos disclosed that the company’s chief financial officer, Mike Giannetto, will be retiring “later this year.” Giannetto has been with Sonos for seven years, helping to guide the company through its IPO back in August of 2018.As for who will take over the role: Sonos isn’t sure yet.They’ve hired a search firm to help them find a new CFO, but CEO Patrick Spence writes that Giannetto “will help with that search and be around as long as we need him to ensure a smooth transition.”Sonos stock dipped by about 17 percent immediately after the news was announced (from $12.37 at market close to $10.42 after hours) but has climbed its way back up a bit to around $11.76 per share.
Tencent, one of China's largest companies, krattade for Spotify's ipo by buying shares in the streamingtjänsten for corresponded to 13.6 billion kronor.Tencent opened their voting rights entirely to the Spotify ceo Daniel Ek and undertook not to sell their shares until december 2020.Now increases the Tencent its holding further, according to the documents of the us securities and exchange commission (SEC).the Price is not clear, but according to Monday's closing price corresponds to the item a market capitalization of sek 540 million.Tencent is thus the third largest owner after his co-founder Martin Lorentzon and förvaltarjätten Baille Gifford.Tencent is behind the Wechat, one of the largest konsumentapparna in China, and has in recent years become a major shareholder in techbolag as Snap, Tesla, Wework, and Finnish Supercell.
Vivendi wants Italian operator TIM to have a special meeting to choose new board members, but its auditors don’t agree.The request was originally made by Vivendi at the end of last year, in apparent response to Amos Genish but essentially a delayed reaction to it losing control of the TIM board to activist investor group Elliott earlier in the year.Elliott is understandably less keen on having such a meeting and Vivendi isn’t happy at what it perceives as breaches of corporate due process.In a somewhat convoluted and legalese press release TIM’s board of statutory auditors said it has been thinking about Vivendi’s request but it’s not convinced a special meeting before the scheduled AGM at the end of March is required.“This Board has evaluated the procedure that led the Company’s Board of Directors to call a Meeting of Shareholders for the coming 29 March, the agenda for which includes the same matters that Vivendi had asked be discussed separately,” said the PR.“Following that evaluation, and on the basis of the information available, in relation to the Board’s decision we consider that the conditions for the exercise of the powers to convene a specific meeting pursuant to Art.
In a sign of the ongoing contraction in the number of ad-tech companies, Taptica and RhythmOne today confirmed earlier reports of a deal between the two programmatic outfits which have carved out a niche in the video markets.Taptica, which is headquartered in Israel and listed on the London Stock Exchange, is purchasing RhythmOne, which is also traded on the LSE but headquartered in the U.S., for $176 million in a deal that will see investors in the former outfit hold 50.1 percent of the enlarged group, according to the financial press.The all-stock deal is still pending shareholder approval and expected to go into effect in early April, after which RhythmOne will cease to be publicly traded on the London Stock Exchange.Both companies have pursued a mobile-first narrative in recent years, pitching the new offering as an independent ad-tech solution consisting of capabilities amassed through previous mergers and acquisitions.This includes 2017 purchases that saw Taptica take Tremor Video’s demand-side platform off the public markets and a similar transaction by RhythmOne with its purchase of supply-side outfit YuMe.Ofer Druker has been CEO of Tremor Video DSP and will become CEO of the enlarged Taptica following the resignation of Hagai Tal as Taptica chief executive in December 2018.
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Make no mistake, this is a multibillion-dollar opportunity for the home robotics specialist.For the past 17 years, millions of people around the world have grown accustomed to letting their Roomba robotic vacuums clean their homes.But at long last, this morning iRobot (NASDAQ:IRBT) unveiled a worthy outdoor counterpart to its flagship product line called Terra, its first-ever robotic lawn mower.In 2015, I noted iRobot singled out the global pushmower and robotic lawn mower industry as a $4.6 billion annual market opportunity.And even before then, the company piqued my interest months earlier when it asked the U.S. Federal Communications Commission for a waiver of certain rules prohibiting the unlicensed operation of certain fixed wideband wireless systems -- a request related to its effort to design a novel wireless beacon system for navigation.Sure enough, today iRobot confirmed that -- in contrast to the cumbersome buried boundary wires required by other robotic lawn mowers today -- Terra uses a "newly developed wireless communications system, including stand-alone beacons," to autonomously navigate any given lawn.
On Wednesday, Tesla released its fourth-quarter financial letter for 2018, and the results were pretty much as expected: the company is in the black for the second quarter in a row, albeit with a smaller profit than last quarter, despite record deliveries of vehicles.Tesla gets green light to sell Model 3 in EuropeThe fourth quarter of 2018 was an important one for Tesla's automotive business, because it capped off a year of aggressive Model 3 production ramping just before the company's Federal Tax Credit was retired on January 1, 2019.In its shareholder letter (PDF), Tesla stated "We have sufficient cash on hand to comfortably settle in cash our convertible bond that will mature in March 2019."On an earnings call Wednesday afternoon, head honcho Elon Musk said that, in 2018, Tesla captured 80 percent of the electric vehicle market share in the US."Not by a whole lot," he qualified, but he said he did expect profitable quarters going forward from that.
Pittsburg-based, a driverless vehicle startup founded by former executives on self-driving teams at Google and Uber, has obtained a permit to test its autonomous cars on California roads.The approval, which was issued by the California Department of Motor Vehicles, was first spotted by TechCrunch and confirmed by a spokesperson to VentureBeat.Argo has a close relationship with Ford, which in February 2017 said it would invest $1 billion in the startup over the next five years in to help it achieve its goal of producing a self-driving vehicle fleet by 2021.It made Ford the company’s largest shareholder, and enabled Argo to hire 200 additional employees — many of whom were Ford employees working in the R department on a virtual driver system.“With Argo AI’s agility and Ford’s scale we’re combining the benefits of a technology start up with the experience and discipline we have at Ford,” Fields said when the news was announced.Argo is currently piloting its autonomous systems in Miami and Detroit, with plans to expand tests to Washington, D.C. in the coming months.