Bird is planning to merge with a special-purpose acquisition company in a deal that would value the scooter startup at $2.3 billion, dot.LA reported. The Santa Monica-based firm, which has been hit hard by the pandemic, is trying to raise $200 million of additional capital as part of the deal to merge with Switchback II Corp., a Dallas-based blank-check company. Long gone are the days when...
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Way Mo’ Cash for High-Tech Cars
Alphabet’s self-driving car subsidiary Waymo on Wednesday said it raised $2.5 billion from investors, with an asterisk: Alphabet was the lead investor in the round, according to a person familiar with the deal. In Silicon Valley, the lead designation usually belongs to the party that contributed half of the total amount in the round. So either Alphabet CFO Ruth Porat wanted to make sure...
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