Category: Business

Lyft wants to sell itself but nobody is interested in buying it

Lyft has always been a distant second to Uber in the ride-sharing market, and always will be, but considering how Uber is a $68 billion behemoth, that’s nothing to be ashamed of. Being a distant second hasn’t stopped the company from raising $2 billion in funding from the like of General Motors and Saudi Prince Al-Waleed, so there’s… Continue reading Lyft wants to sell itself but nobody is interested in buying it

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Verizon has acquired Yahoo’s core business for $4.8 billion

Marissa Mayer has laid off thousands of Yahoo employees over the last four years, all in an effort to turn things around for the company. It didn’t work, and neither did any of her other turnaround efforts, which is why Yahoo’s shareholders have decided to throw in the towel and sell the company’s core business to Verizon… Continue reading Verizon has acquired Yahoo’s core business for $4.8 billion

Why is Line listed on both an American and Japanese stock market?

Line hasn’t found much success here in the West, which is why it might seem odd that the company decided to list itself on the New York Stock Exchange before listing itself on the Tokyo Stock Exchange, but it makes sense when you think about it. Line’s messaging app completely dominates the Japanese market, and… Continue reading Why is Line listed on both an American and Japanese stock market?

We might not see Xiaomi go public until 2025

With valuations of $68 billion and $46 billion, respectively, Uber and Xiaomi are the two most-valuable startups in the world at the moment, which means there’s a lot of anticipation surrounding their IPOs. Unfortunately, both companies have refused to give us anything more than an extremely vague indication of when they intend to go public.… Continue reading We might not see Xiaomi go public until 2025

General Electric had the opportunity to acquire Apple for $2 billion

When deciding not to acquire a company, there’s always the possibility that you’ll come to regret it in the future, such as when Blockbuster decided not to acquire Netflix back in 2000, or when Samsung decided not to acquire Android back in 2004. To be fair, had either of those acquisitions gone through, there’s no guarantee… Continue reading General Electric had the opportunity to acquire Apple for $2 billion

Microsoft might be willing to fund a Yahoo acquisition

Remember that time Yahoo turned down a $44.6 billion acquisition offer from Microsoft? Well, here we are eight years later and Microsoft has developed some very successful competitors to Yahoo’s own services, while Yahoo is looking to sell itself off for an amount that will undoubtedly be far less than what Microsoft offered back in 2008. That being… Continue reading Microsoft might be willing to fund a Yahoo acquisition

Microsoft considered making an $8 billion acquisition bid for Slack

With more than 2.3 million daily active users, it’s not that hard to see why so many companies are interested in acquiring Slack, a popular service that helps co-workers interact and collaborate with each other. Microsoft was even considering making an $8 billion bid for the company, according to a report from TechCrunch on Friday, but Bill Gates and Satya… Continue reading Microsoft considered making an $8 billion acquisition bid for Slack