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AppLovin scraps acquisition and takes debt financing instead

The story of AppLovin‘s acquisition has taken another turn. We first reported that the mobile ad startup was in acquisition talks in August of last year, and the announcement came a month later: AppLovin would sell a majority stake Chinese private equity firm Orient Hontai Capital. Today, however, CEO Adam ...

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Japanese pawn shop app Cash acquired for $62.2M by DMM

DMM, one of Japan’s largest Internet and e-commerce conglomerates, announced today that it will pay 7 billion yen (about $62.2 million) for pawn shop app Cash. Launched this summer, Cash’s software automatically appraises an item’s value based on user photos and offers a cash advance with it as collateral. Cash ...

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Silicon Valley could be the next hotspot for SEC whistleblowers

Jordan A. Thomas Contributor Jordan A. Thomas, chairman of the whistleblower representation practice at Labaton Sucharow, is a former assistant director in the SEC’s Enforcement Division and had a leadership role in the development of the SEC Whistleblower Program. In recent years, the SEC has had greater success policing wrongdoing ...

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Code2040 raises $5.6 million from The Knight Foundation and others

Code2040, founded by Laura Weidman Powers and Tristan Walker, recently raised $5.6 million to advance its diversity and inclusion efforts in technology. The latest funding comes from The Knight Foundation, The Sara and Ev Williams Foundation and others, and brings Code2040’s total funding raised to more than $7 million. Code2040’s ...

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Stitch Fix set to raise $120M from downsized IPO

There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow. Stitch Fix stands to raise $120 million after it announced a lower than expected $15 ...

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Lord & Taylor will start selling on Walmart.com

Walmart and Hudson’s Bay-owned department store Lord & Taylor just announced an interesting partnership — Lord & Taylor will start selling its catalog of high-end fashion merchandise on Walmart.com this Spring. Of course this deal doesn’t mean you’ll see designer pants on the same page as $19.97 Wranglers. Instead, Lord & ...

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Uber confirms SoftBank has agreed to invest billions

The paperwork’s done! The long-anticipated SoftBank Group investment into Uber has been agreed upon, a spokesperson confirms to TechCrunch. We’ve been provided the following statement. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this agreement is a strong vote ...

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