Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
Square is buying a majority stake in streaming service Tidal for $297 million
Per the terms of the deal, Square will pay $297 million in cash and stock in exchange for a "significant" majority ownership stake. Existing artist shareholders will maintain their holdings and be the remaining stakeholders......»»
Income verification is white-hot right now, and Plaid wants in
Fresh off the termination of its planned merger with Visa, Plaid announced Thursday a new income verification product, which it said is aimed at “improving the lending lifecycle” with payroll data. Dubbed simply Income, the new product — wh.....»»
Stellantis aims to lift Fiat Chrysler margins toward PSA levels
Stellantis said it was targeting an adjusted operating profit margin of 5.5 percent to 7.5 percent this year, assuming no further significant COVID-19 related lockdowns......»»
Proptech startup States Title, now Doma, going public via SPAC in $3B deal
Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt. SPACs, often called blank-check companies, are in.....»»
“We knew T-Mobile couldn’t be trusted,” union says after 5,000 job cuts
T-Mobile claimed Sprint merger would create thousands of jobs "from day one." Enlarge / A T-Mobile logo at a store in New York on April 30, 2018. (credit: Getty Images | Bloomberg) T-Mobile has cut at least 5,000 jobs since completing its acqu.....»»
Peugeot removes lion"s body from logo for first time in almost 50 years
French car brand Peugeot has unveiled a redesigned logo, featuring a lion's head that recalls its 1960s emblem, as part of a rebrand to mark a new era of electric car manufacturing. Read more French car brand Peugeot has unveiled a redesign.....»»
Rocket Lab to go public via SPAC at valuation of $4.1 billion
The SPAC run is on for space startups, which have been relatively slow in their overall exit pace before the current special purpose acquisitions company merger craze got underway. Rocket Lab is the latest, and likely the most notable to jump on the.....»»
Astra awarded NASA launch contract for storm observation satellites
Astra, the Alameda-based space launch startup that recently announced its intent to go public via a SPAC merger, has secured a contract to deliver six cube satellites to space on behalf of NASA. Astra stands to be paid $7.95 million by the agency for.....»»
Volvo CEO explains reasons Geely merger was canceled
Volvo's and Geely's positive momentum would have been negatively affected had the sister brands decided to merge, said Volvo CEO Hakan Samuelsson. He explained why in an interview with Automotive News Europe......»»
Handy co-founder Oisin Hanrahan is taking over as CEO of ANGI Homeservices
A little over two years after ANGI Homeservices acquired his startup Handy, Oisin Hanrahan is becoming CEO of the combined organization and joining its board of directors. ANGI is a publicly traded subsidiary of IAC, formed from the merger of Angie&#.....»»
Volvo, Geely launch powertrain venture after merger scrapped
The brands, both part of China's Zhejiang Geely Holding Group, will combine their powertrain operations and expand cooperation on electric vehicles......»»
Airoha terminates acquisition deal with IC Plus
Bluetooth and Wi-Fi chipmaker Airoha Technology has terminated a plan to acquire fellow PHY transceiver and media controller IC vendor IC Plus, as the latter's shareholders have decided to waive the planned acquisition project......»»
Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. The announcement comes two months after the f.....»»
Lucid Motors strikes SPAC deal to go public with $24 billion valuation
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combi.....»»
Continental to suspend annual dividend, citing net loss
The German supplier, which is due to release preliminary full-year results on March 9, added that it remained committed to a mid-term dividend policy of paying out 15-30 percent of net income to shareholders......»»
T-Mobile 5G: Everything you need to know
T-Mobile is building on its merger with Sprint and ready to make big moves in 5G. Here's what you can expect with T-Mobile's three-layered network approach......»»
Car-sensor startup AEye to go public in $2 billion SPAC deal
The merger will net $455 million in cash for Continental-backed AEye, which the company will use to further develop its lidar and software systems......»»
Aeye becomes latest lidar company to go public via SPAC
Aeye, a lidar startup that developed its technology for use in autonomous vehicles as well as to support advanced driver assistance systems in passenger cars, is going public through a merger with CF Finance Acquisition Corp. III that will value the.....»»
Car-sensor startup AEye to go public in $2 Billion SPAC deal
The merger will net $455 million in cash for Continental-backed AEye, which the company will use to further develop its lidar and software systems......»»
Lucid Motors nears SPAC deal valuing firm at $12 billion, report says
The merger between Lucid and Churchill Capital IV Corp. would be the biggest in a string of deals by EV makers such as Nikola and Fisker that have gone public by combining with special-purpose acquisition companies......»»