The Techee

04/11/2024

07/06/2024

Minister of Defence, Mohammed Badaru Abubakar, has restated the federal government’s commitment to tackle the challenges of illegal bunkering, pipeline vandalism, piracy, illegal fishing, saying that they would son be things of the past. Speaking at the graduation ceremony of the Maritime Security...

08/10/2023

"The company reported an annual loss of $199mn, up 18% from the previous year, and a mere $2.7mn in revenue, down 46% from 2021."

" An April report from The Times said Sequoia slashed the value of its Graphcore stake to zero."

The company reported an annual loss of $199mn, up 18% from the previous year, and a mere $2.7mn in revenue, down 46% from 2021.

21/12/2021

Rothy’s, an American direct-to-consumer “D2C” shoe manufacturer that’s made a name for itself selling machine-washable shoes made out of recycled plastic, has gotten a big investment from Alpargatas, a publicly-traded Brazilian shoe maker best known for its Havaianas brand of flip-flops. Alp...

21/12/2021

There’s a big new deal in the fintech sector. Truebill, a personal finance app that helps users manage their billings, subscriptions, and budgeting, et al., has sold to Rocket Companies (NYSE: RKT), a prominent American mortgage provider. Rocket will pay $1.3bn in cash for Truebill, a solid exit f...

20/12/2021

Software giant Oracle (NYSE: ORCL) is making its biggest-ever acquisition with Cerner (NASDAQ: CERN), a company whose software is used by health facilities to store and access medical records.

20/12/2021

Warner Music Group (NASDAQ: WMG), a "big three" recording label, has bought one of the smaller record labels in the music industry; 300 Entertainment, home to chart-topping artists such as Young Thug, Megan Thee Stallion, and Mary J. Blige.

19/12/2021

JPMorgan Chase, America’s biggest bank, has been fined for the nth time. This time, it’s over the bank’s employees using personal messaging apps, including WhatsApp, to discuss business matters in violation of federal laws that demand record-keeping of employee conversations for compliance pur...

18/12/2021

TPG Capital, a leading private equity firm with over $100bn of assets under management, is joining the train of PE firms listing on the public markets. It has filed for an initial public offering with the US SEC, showing its intention to list on the Nasdaq stock exchange. TPG Capital, previously kno...

16/12/2021

There’s a big new cross-platform deal in the gaming industry. Embracer Group (LON: 0GFE), a Swedish video game giant, has entered talks to buy Asmodee, a leading global maker of board games. Embracer will buy Asmodee from PAI Partners, a French private equity firm, for 2.75 billion euros ($3.1bn)....

16/12/2021

Rocket Lab (NASDAQ: RKLB), a space launch company, has continued its acquisition spree with its third purchase in three months. This time, it’s acquiring SolAero Holdings, a company that makes solar cells and panels to power satellites in outer space. Rocket Lab will pay $80mn in cash to buy SolAe...

15/12/2021

There’s a big new deal in the digital media sphere. Vox Media, the owner of popular editorial outlets including The Verge, SB Nation, and New York Magazine, is buying Group Nine, the owner of popular digital media assets including Thrillist, NowThis, and The Dodo. It’s a landmark deal combining ...