Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major investment in the top Indian telecom firm in just as many weeks. On Friday, KKR announced it will invest $1.5 billion in the Indian top telecom operator,
Tag: billion
Magic Leap’s $2.6 billion bait and switch
Amazon to invest $1 billion to help digitize small businesses in India
Oscar Health now has 400,000 members and expects to bring in $2 billion by the end of 2020
Oscar Health, the upstart healthcare insurance company and technology developer, expects to have roughly 400,000 members insured under its healthcare plans, who collectively will bring in roughly $2 billion in revenue for the company by the end of 2020, according to slides of a presentation from the JP Morgan Healthcare
Visa is acquiring Plaid for $5.3 billion, 2x its final private valuation
Visa announced today that it is buying financial services API startup Plaid for $5.3 billion. Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and other financial information more easily. It’s the kind of service that
A billion medical images are exposed online, as doctors ignore warnings
This story was reported in partnership with health news site The Mighty. Every day, millions of new medical images containing the personal health information of patients are spilling out onto the internet. Hundreds of hospitals, medical offices and imaging centers are running insecure storage systems, allowing anyone with an internet connection and
$1 billion deal sends Armis to Insight Partners
Armis was acquired by the venture capital firm Insight Partners in a $1.1 billion cash deal. The five-year-old Armis, which specializes in enterprise-level IoT security, will operate as an independent entity under the direction of its two co-founders Yevgeny Dibrov, CEO, and Nadir Izrael, CTO and the current executive team. The acquisition also involved the VC firm CapitalG
VMware completes $2.7 billion Pivotal acquisition
VMware is closing the year with a significant new component in its arsenal. Today it announced it has closed the $2.7 billion Pivotal acquisition it originally announced in August. The acquisition gives VMware another component in its march to transform from a pure virtual machine company into a cloud native
Rivian adds $1.3 billion in funding for its electric utility and adventure vehicles
American automotive technology startup Rivian has raised $1.3 billion in new funding, the company announced today. The new investment is the fourth round of capital announced by the company in 2019 alone, following prior announcements of $700 million led by Amazon, $500 million from Ford (which includes a collaboration
Tesla lands $1.4 billion from Chinese banks to build out its Shanghai gigafactory
Tesla has reportedly secured over $1.4 billion in financing in the form of loans from multiple Chinese banks in order to help fund the construction of its new gigafactory in Shanghai. First Reuters and now Bloomberg reported the funding as confirmed on Monday morning, with an official announcement to happen