Yet more pressure on the precariously placed EU-US Privacy Shield: The European Union parliament’s civil liberties committee has called for the data transfer arrangement to be suspended by September 1 unless the US comes into full compliance. Though the committee has no power to suspend the arrangement itself. But has amped up the political pressure on
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Metaboards, an Oxford-based startup that is developing new wireless charging technology, has secured $5 million in funding. The round is led by Oxford Sciences Innovation (OSI), with participation from RT Capital Management, and Woodford Investment Management. The burgeoning company will use the new funds to expand the team with the aim of bringing its patented
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Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong. That makes it well-aligned with Naspers’ portfolio,
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Facebook finished its homework. In a pair of newly uploaded letters, the two Senate committees that grilled Facebook founder Mark Zuckerberg in April have published the social media giant’s written answers to their considerable body of questions. Zuckerberg faced criticism for not answering many of the more intricate or controversial questions from members of Congress
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Facebook may have disbanded its “Trending” news section, but the social network is not abandoning its media company ambitions, despite whatever CEO Mark Zuckerberg said to Congress. In fact, the opposite of “not being a media business” is now occurring: Facebook is directly paying news publishers to create video, even as it claims its focus
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Workday, the cloud-based platform that offers HR and other back-office apps for businesses, is making an acquisition to expand its portfolio of services: It’s buying Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $1.55 billion. The acquisition is notable because Adaptive Insights had filed for an IPO as recently as
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Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors have been flying about this huge financing deal for the past month or so, with multiple publications reporting that Ant
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Tokyo-headquartered Rakuten, Japan’s answer to Amazon, is acquiring the Silicon Valley mobile ordering and pickup startup Curbside, the companies announced today. Terms of the all-cash deal were not disclosed, but Curbside had previously raised between $40 million and $50 million from investors including CVS, Index Ventures, Sutter Hull Ventures, AME Cloud Ventures, Qualcomm Ventures, Chicago
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