Eko’s lawsuit against Quibi has taken a very expected turn. Elliott Management, the activist hedge fund that’s been throwing its weight around the tech and media world recently, is providing substantial financial backing to Eko in the litigation, according to the Wall Street Journal. The report says that Elliott will get a stake in Eko in exchange for its financial backing. Needless to say this...
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What Poshmark’s Discounted Sale to South Korea’s Naver Tells Us
News tonight that Poshmark is selling itself to South Korea’s Naver, for just $1.2 billion—less than half Poshmark’s value when it went public early last year—signals that it’s not just private equity folks taking advantage of the stock market slump to shop for more reasonably-priced companies. Naver proclaims itself as South Korea’s biggest internet firm and promises that its search and AI...
U.S. Could Announce New Curbs on AI Exports to China This Week
South Korea’s Naver to Buy Poshmark for $1.2 Billion
Kim Kardashian Pays $1.26 Million to Settle SEC Cryptocurrency Charges
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