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Uber awaits renewal decision on vital London license, just five days before expiry

1 day ago DieselGasoil Comments Off on Uber awaits renewal decision on vital London license, just five days before expiry
LONDON (Reuters) – Uber (UBER.N) is still waiting to see whether its license in London, which expires on Wednesday, will be renewed as the regulator, which previously stripped the taxi app of its right to operate in the city, remains tight-lipped about the decision. FILE PHOTO: A screen displays the company logo for Uber Technologies Read More

Tech investors: No broad lessons seen in WeWork valuation drama

2 days ago DieselGasoil Comments Off on Tech investors: No broad lessons seen in WeWork valuation drama
NEW YORK (Reuters) – Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo Scott Kupor, Read More

Airbnb plans public listing in 2020

3 days ago DieselGasoil Comments Off on Airbnb plans public listing in 2020
FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo (Reuters) – Home rentals giant Airbnb said it plans to list on stock exchanges in 2020, making it one of the most high-profile market debuts next year. (bit.ly/2mqasWw) In a short statement posted on Read More

France’s Macron bets on private-sector funding to fuel startup push

4 days ago DieselGasoil Comments Off on France’s Macron bets on private-sector funding to fuel startup push
PARIS (Reuters) – France aims to raise 5 billion euros ($5.53 billion) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday. FILE PHOTO: French President Emmanuel Macron attends a meeting in Bonneuil-sur-Marne, France, September 10, 2019. Ludovic Read More

AB InBev braves Hong Kong turmoil with second Asia IPO attempt

5 days ago DieselGasoil Comments Off on AB InBev braves Hong Kong turmoil with second Asia IPO attempt
HONG KONG (Reuters) – Anheuser-Busch InBev NV (ABI.BR) will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world’s second largest IPO this year. The brewing giant, which in July tried to raise up to Read More

AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion

5 days ago DieselGasoil Comments Off on AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion
HONG KONG (Reuters) – Anheuser-Busch InBev NV (ABI.BR) will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world’s second largest flotation this year. FILE PHOTO: The logo of Anheuser-Busch InBev is pictured Read More

WeWork parent says IPO still on despite setbacks

5 days ago DieselGasoil Comments Off on WeWork parent says IPO still on despite setbacks
(Reuters) – WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the Read More

Apple’s app store eyed in U.S. Congress antitrust probe

1 week ago DieselGasoil Comments Off on Apple’s app store eyed in U.S. Congress antitrust probe
(Reuters) – The U.S. House Judiciary Committee on Friday requested information from Apple Inc Chief Executive Tim Cook as part of an investigation of competition in digital markets. FILE PHOTO: The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann The lawmakers in a letter sought information related Read More

Exclusive: WeWork considers dramatic valuation cut in IPO

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(Reuters) – WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday. Were the We Company to press on with the IPO at Read More

SoftBank and Toyota want driverless cars to change the world

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Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More