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Micro Focus Becomes Britain’s Biggest Tech Firm, amid Wobbling Fortunes

British software firm Micro Focus has become the UK’s largest tech company, as its takeover deal with Hewlett Packard Enterprise’s software business is finalized. The $8.8 billion reverse-takeover, first announced on September…

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SoftBank Tech Fund Becomes World’s Largest with $93bn War Chest

SoftBank has announced that it has raised $93 billion for a new tech investment fund, which will become the largest in history. The Japanese telecoms giant, currently valued at $78.6bn, raised capital for…

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Snap Posts Less-than-Thrilling Post-IPO Financials

Snapchat parent company Snap has released its first earnings report post-IPO, and they’re not great. Revenue for the first quarter of 2017 was $149.6 million. That compares to a loss of $2.2bn,…

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Intel Buys Mobileye for $15.3bn

US chipmaker Intel has announced a $15.3 billion takeover of driverless car tech firm Mobileye. Intel will pay $63.54 a share for the Israeli company, whose ascendance in the autonomous driving industry…

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Tesla Acquires SolarCity – But Markets are Unsure

Tesla has officially acquired SolarCity, the largest American provider of solar energy services. The deal, which was sealed this morning, was approved by over 85% of Tesla shareholders, and marks another significant step…

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More Unicorns Exited than Born in Q2 2016 – Report

Unicorn exits exceeded unicorn births in Q2 2016, according to a report. The H1 Global Tech Exits Report, conducted by CBInsights, found that for the first time in six quarters there were…

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Fintech Investments Skyrocket in 2016 – Report

Investment in the financial technology (fintech) sector has rallied over the past nine months – with mega-rounds lifting quarterly injections into VC-backed firms over 150%. According to a report by CB Insights,…

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Cellwize Snaps up CrowdX in All-Israel Cellular Deal

They might not have impressed Steve Jobs, but the founders of CrowdX today proved that in the startup world, persistence is key. The Tel Aviv-based startup was acquired by Cellwize, a crosstown neighbor…

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Indian Classifieds Giant Quikr Buys Beauty Platform Salosa

Indian online classifieds firm Quickr has acquired beauty services platform Salosa, in a bid to expand its home services vertical. The Bangalore-based company, whose 2015 series H funding round valued it at…

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The Exit Report: Fitbit, Invuity, Objective Logistics

Fitbit, a maker of wearable fitness tracking devices, has raised $732 million in its IPO. The company, trading under the ticker symbol FIT on the New York Stock Exchange, priced 36.6 million shares at $20 per share, for an initial market capitalization of $4.1 billion.

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