Singapore-based online gaming and e-commerce company Sea announces a new secondary offering in stock and equity-linked debt, seeking to raise about $6.28B — - Offering comprised of mostly stock, plus equity-linked debt — Deal arrives during resurgence of cross-border stock sales
Ubisoft carves out a unit, which includes Assassin's Creed, into a ~€4B subsidiary; Tencent will invest €1.16B to acquire a 25% stake in the new entity (Bloomberg)
Bloomberg:
Ubisoft carves out a unit, which includes Assassin's Creed, into a ~€4B subsSources: Haofei Wang, X's director of engineering who joined the company in July 2023, has left the company (Kylie Robison/The Verge)
Kylie Robison / The Verge:
Sources: Haofei Wang, X's director of engineering who joinedFiling: the man Rippling has accused of feeding stolen customer and employee info to Deel was Keith O'Brien, a global payroll-compliance manager in Dublin (Rolfe Winkler/Wall Street Journal)
Rolfe Winkler / Wall Street Journal:
Filing: the man Rippling has accused of feeding stSource: Insight Partners is set to reap ~$2.7B from the pending sale of Wiz to Alphabet, a 15.5x return on its invested capital, based on its ~8% stake in Wiz (Gillian Tan/Bloomberg)
Gillian Tan / Bloomberg:
Source: Insight Partners is set to reap ~$2.7B from the pendinSource: Agility Robotics, a maker of humanoid robots led by Peggy Johnson, is raising $400M at a $1.75B pre-money valuation; ~100 of its robots are in the field (Rocket Drew/The Information)
Rocket Drew / The Information:
Source: Agility Robotics, a maker of humanoid robots ledPavel Durov says Telegram now has 1B+ MAUs, up from 950M in July 2024, and made $547M in profits in 2024, and calls WhatsApp "a cheap, watered-down imitation" (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Pavel Durov says Telegram now has 1B+ MAUs, up from 950M in Ju
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