Competitive online gaming website Skillz announced Wednesday that it will go public by merging with blank check firm Flying Eagle Acquisition Corp. San Francisco-based Skillz lets multiple players compete in video games on Apple and Android phones. The $3.5 billion deal is the latest in a wave of special purpose acquisition companies, or SPAC mergers, in which cash-rich shell companies bring...
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Revenue Soars at Alphabet’s Verily as It Inches Toward Independence
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses but may be moving closer to gaining independence from Google’s parent company, according to previously undisclosed financial information. Revenue at Verily more than doubled in the first nine months of last year to $470 million from $228 million in the same period of 2021, making it by far the...
TikTok Meets Republican Lawmaker to Discuss Data Security Plans
Coatue General Partner David Cahn Departs for Sequoia Capital
Tiger Global Reportedly Lowers Fundraising Target
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