Photo by Sean O’Kane / The Verge Another company in the electric vehicle industry is going public by merging with a so-called SPAC, or special purpose acquisition company. This time, it’s EVgo, one of the leading providers of electric vehicle charging stations in the US. The deal is expected to bring in $575 million for EVgo. When it closes, EVgo will become a publicly-traded company on the New York Stock Exchange. In something of a poetic twist, the investment fund that’s merging with EVgo to take it public is one started by climate investor David Crane. Crane was once the CEO of energy company NRG, which helped start EVgo a decade ago. Roughly $175 million of the proceeds will come from Crane’s SPAC (called Climate Change Crisis Real Impact I Acquisition... Continue reading…
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Coherent stock gained over $1 billion in market cap Tuesday after Lumentum announced its $5.7 billion acquisition of the rival laser maker.
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Photo by Sean O’Kane / The Verge Despite a whirlwind of electric vehicle SPAC mergers in the last few months, there’s still one startup flying solo that’s arguably the best-positioned. Yes, Faraday Future is still on the market — though maybe not for long. Sure, Faraday Future is distressed and its electric SUV is outrageous, but it developed valid technology over the last few years that is further along than what some competitors have. It will take a lot of money to get that vehicle over the proverbial finish line. Lucky for Faraday Future, though, money is now incredibly easy to come by. In the last seven months alone, a half-dozen startups have gone public or announced plans to go public by merging with SPACs, or special-purpose acquisition companies — publicly... Continue reading…
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Photo by Vjeran Pavic / The Verge I picked up a new MacBook Air with Apple’s M1 chip, and I’ve absolutely loved it so far. It’s really speedy and the battery is fantastic. But I’ve been dealing with one nagging issue. Every once in a while, for reasons that I haven’t been able to figure out, a screensaver will suddenly take over the entire computer — despite the fact that I never use a screensaver. And frustratingly, the screensaver renders my laptop inoperable until I completely close the screen and reopen it. It seems I’m not the only one seeing this bug, according to this MacRumors article. Others have shared similar issues with M1-equipped MacBook Airs, Pros, and Minis on MacRumors’ forums, Reddit (in a few threads), and Apple’s support forums. And one user on M... Continue reading…
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After a long antitrust investigation, Google officially acquired the wearable device brand Fitbit for $2.1 billion on January 14th. At present, Fitbit has sold more ... The post Google’s acquisition of Fitbit raises user privacy concerns appeared first on Gizchina.com.
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Austin Russell, 25, became the youngest self-made billionaire after taking Luminar, which builds lidar sensors for self-driving cars, public.
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PayPal is the first foreign firm to fully own a licensed payment operator in China, as regulators seek to liberalize the finance sector.
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Switchzilla's enlarged offer accepted after smaller biz tried to stall acquisition Cisco’s merger with Acacia Communications is set to go ahead after the Silicon Valley giant raised its offer to $4.5bn, an increase of nearly $2bn or 64 per cent.…
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Google has announced it’s finally scooped up Fitbit, even though antitrust investigations in US and Australia continue.
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Google's acquisition of Fitbit has completed, and the companies say it's about devices and not data. It means we may see big changes in Wear OS in the future.
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Way back in November 2019, Google announced its intention to acquire Fitbit for a whopping $2.1 billion. The acquisition has clear benefits for Google, as bringing Fitbit under the Google umbrella could help the company build out Wear OS in a big way, but the proposed acquisition was met with a significant amount of resistance from regulators and advocacy groups … Continue reading
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The deal's about devices, not data, according to the search giant.
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NUVIA had raised quite a few eyebrows when it attracted two major rounds of funding since starting up in 2018. The startup was piloted by former Apple employees.
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Tech will be used in laptops, phones, cars, and more.
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On January 8th, Twitter permanently banned President Donald Trump, and proceeded to play whack-a-mole as he attempted to dodge that ban by using different Twitter accounts, each of which Twitter suspended in turn. And yet less than a week later, a Trump video has been posted on the official @WhiteHouse account delivering a new video speech. The speech is not inflammatory — quite the opposite. It features Trump denouncing violence, lawbreaking, and vandalism. It contains messages many might have hoped Trump would issue immediately during or perhaps even before the attack on the US Capitol, to avoid the violence and the five deaths that occurred. Still, it’s very strange to see Trump’s face in a new Twitter video,... Continue reading…
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Qualcomm has just announced the acquisition of Nuvia for just around $1.4 billion. This name probably does not ring a bell in your mind. However, ... The post Qualcomm acquires Nuvia; The firm may develop custom CPUs for Snapdragon SoCs appeared first on Gizchina.com.
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Nuvia was founded by former Apple chip engineers and it’s in legal dispute with one of them, so Apple must be especially delighted it’s being acquired by Qualcomm.
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The Refinitiv deal is subject to a number of conditions, including the sale of London Stock Exchange Group's Borsa Italiana operations.
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Apple reportedly weighed acquiring or investing in electric vehicle startup Canoo, potentially tapping its innovative drive-by-wire platform as it works on its own autonomous EVs. While Apple’s Project Titan – the in-house team working on car and driverless tech – has seen its longterm goal evolve over the years since its existence was revealed, currently the group is believed to … Continue reading
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Commercial electric vehicle maker Proterra is set to merge with blank-check company ArcLight Clean Transition Corp. as the SPAC craze continues in 2021.
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