SoftBank Invests $3 Billion for Latin America Tech Companies

SoftBank announced late Tuesday that it will commit $3 billion for a private investment funding that will be focused on technology companies in the Latin American market. In a statement, the company said that the launching of the SoftBank Latin …

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Co-Founder and Former CEO Of Palo Alto-Based Start-Up Technology Company Headspin Faces Securities and Wire Fraud Charges

Acting United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair announced that Headspin co-founder and former CEO Manish Lachwani’s was arrested for security and wire fraud charges. Technology giant Headspin’s services …

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Toyota Buys Lyft’s Self-Driving Division for $550 Million

Toyota Motor Corp. has acquired the autonomous vehicle division of American ride-hailing company Lyft for $550 million, in a move that highlights the Japanese carmaker’s increasing interest in self-driving automotive technology. The acquisition is deemed as part of Toyota’s scaled-up …

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Microsoft to Acquire Speech Tech Company Nuance Communications in $16B Deal

Microsoft announced Monday that it will buy Nuance Communications, a speech recognition company, for $56 per share, about 23% above its closing price Friday. The deal is reportedly worth nearly $16 billion. Microsoft is also in talks to buy Discord, …

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WeWork to Go Public through Merger with BowX Acquisition

WeWork has decided to go public through a merger with special-purpose acquisition company BowX Acquisition Corp in a deal that would value the office-sharing startup at $9 billion, including debt. According to people familiar with the matter, the New York-based …

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