Billionaire Len Blavatnik has agreed to a $4.3 billion recapitalization of DAZN, injecting more of his vast personal fortune into the loss-making sports-streaming service best-known for airing boxing fights and European football. In a statement on Friday, DAZN said Blavatnik had injected new equity into the company, while also converting existing shares and retiring shareholder loans. The...
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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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