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Markus Duesmann, CEO, Audi. Photo credit: AudiGerman automaker Audi is in discussions with FAW Group, a Chinese state-owned automobile manufacturer and long-term partner of the company, to create a new joint venture to build electric cars, as first reported by German automobile news site Automobilwoche. Both companies already have a joint venture to build usual combustion-engined cars in China, which […]

 Dylan Collins, CEO, SuperAwesome. Photo by Stephen McCarthy/Collision via Sportsfile, licensed under Creative CommonsGaming powerhouse Epic Games has announced that it's acquired SuperAwesome, a tool adopted by software developers to build kid-friendly digital apps and services. Financial terms of the acquisition weren't disclosed. As a private startup, SuperAwesome had raised $58 million in total funding from investors […]

 Harald Krüger, CEO, BMW Group. Photo credit: Picture Alliance for DLD | Verwendung weltweit, licensed under Creative CommonsGerman automaker BMW has agreed to pay an $18 million fine to settle charges of disclosing inaccurate and misleading sales information that was brought against the company by the U.S. Securities and Exchanges Commission (SEC). The SEC charged BMW with inflating […]

Hims CEO Andrew Dudum. Photo credit: Christopher Michel on Flickr, under Creative Commons licenseHims, a telemedicine upstart, is on the cusp of a deal to go public by merging with blank-check firm Oaktree Acquisition Corp, according to a report [paywall] from Bloomberg, which states that a deal could be announced as early as next week. According […]

Alexis Ohanian, Co-Founder, Reddit. Photo by Diarmuid Greene / Collision / Sportsfile, licensed under Creative CommonsNot long after stepping down from Initialized Capital, a venture capital firm he co-founded, and also departing the board of Reddit, the famous online news aggregation and content forum which he also co-founded, Alexis Ohanian has sought to strike gold once […]

Manish Chandra, CEO, Poshmark. Photo credit: Niall Kennedy/Flickr, licensed under Creative CommonsPoshmark, the popular clothing resale marketplace, has announced that it's confidentially filed for an intended public listing with the U.S. Securities and Exchanges Commission (SEC), as the Redwood City, California-based company looks to go public nine years after its founding and nearly $160 million […]

 Rappi Co-Founders Sebastian Mejia, President (left) and Simón Borrero, CEO (right).Photo credit: RappiRappi, a Colombian on-demand delivery upstart, has announced that it's raised over $300 million in fresh funding from investors including asset management firm T. Rowe Price. As indicated by a filing with the U.S. Securities and Exchanges Commission (SEC), Rappi sought to raise up to $350 […]

Margrethe Vestager, Executive Vice President, European Commission. Photo by Stephen McCarthy/Web Summit via Sportsfile, licensed under Creative CommonsThe European Commission has said that it'll appeal an Irish tax penalty reversal that was recently granted to Apple after the technology giant won an appeal to a $15 billion tax penalty that was levied against it by the […]

Apple CEO Tim Cook. Photo credit: Vivek Prakash/Fortune, under Creative Commons licenseTechnology giant Apple has bought Scout FM, a popular app that creates radio stations for podcast listeners. The acquisition was first reported [paywall] by Bloomberg, which notes that Apple acquired the company earlier this year. The financial terms of the acquisition aren't disclosed. As a […]

 Anduril CEO Palmer Luckey.Anduril Industries, a three-year-old defense startup led by Palmer Luckey of Oculus fame, has been selected as a vendor that'll work on a cutting-edge Internet of Things (IoT) network for the United States Air Force. Anduril is one out of a total of more than 50 vendors that the Air Force has courted […]