Weibo, the Chinese Twitter-like microblogging platform, plans to go private and delist itself from the Nasdaq stock exchange, Reuters reported. The news comes as Chinese government pressure builds for its homegrown tech firms to list in China as opposed to the U.S. for geopolitical or disclosure reasons. The take-private deal, which could value Weibo at more than $20 billion, would...
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The Briefing Enterprise Startups
Meta’s M&A Ambitions Curtailed; Will Bret Taylor Be a Chip Off the Old Block?
Anyone working on mergers and acquisitions at Meta Platforms, formerly Facebook, might want to look for a new job. The British antitrust regulator’s decision to force Meta to divest Giphy, the tiny GIF search engine it acquired last year for $315 million, demonstrates that even small acquisitions are off limits to the tech giant. And while this was a decision in Britain, the Federal Trade...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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