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American Express in Talks to Buy Kabbage

American Express is in advanced talks to acquire online lender Kabbage for as much as $850 million in cash, Bloomberg reported. That price would be below Kabbage’s last valuation of $1.2 billion. Kabbage offers loans to small- and medium-sized businesses, many of which have been hard hit by the Covid-19 pandemic. In March Kabbage paused lending and suspended existing credit lines. Since March,...

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Facebook-Apple Tensions on the Rise: The Information’s Tech Briefing
Facebook-Apple Tensions on the Rise: The Information’s Tech Briefing

Facebook escalated its low-level warfare against Apple by unveiling a cloud gaming service that is only available on Android devices. This is a twist on a longstanding reality of mobile phones: lots of apps on iOS aren’t available on Android (try downloading the New Yorker magazine’s app to your Pixel), but because most affluent people in America have iPhones, it gets little ...

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U.S. Court Upholds Stay on WeChat Ban
Google, Temasek to Invest $350 Million in Indonesia’s Tokopedia
China Cracks Down on Mobile Browsers
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Katzenberg May Shut Down Quibi as Options Run Short
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Katzenberg May Shut Down Quibi as Options Run Short
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
The Investors Who Face Big Losses From the Quibi Collapse
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The Investors Who Face Big Losses From the Quibi Collapse
On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago.
Quibi to Shutter in Stunning End to Ambitious Venture
Quibi to Shutter in Stunning End to Ambitious Venture
Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
The Startup Trap Quibi Fell Into (and I Almost Did Too)
The Takeaway
The Startup Trap Quibi Fell Into (and I Almost Did Too)
This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later— reported the shutdown officially.
The SPAC Target List: Private Tech and Media Firms in Their Teenage Years
The SPAC Target List: Private Tech and Media Firms in Their Teenage Years
A dozen private tech and media firms, ranging from BuzzFeed to Getaround, have been left behind in the initial public offering surge of the past two years.
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The Briefing
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The sudden death of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.