EV startup Rivian targets $65 billion valuation in IPO

The company, which last month disclosed nearly $1 billion in losses for the first half of this year, said it will sell 135 million shares at a price range of between $72 and $74 each.

from Tech-Economic Times https://ift.tt/3EO9W7r

McAfee nears deal to sell itself to Advent for over $10 billion

The deal could be announced on Monday, although the talks could still fall apart. The potential deal comes at a time when the pandemic-driven shift to remote working and a rise in cyber attacks has spurred demand for antivirus and digital security software.

from Tech-Economic Times https://ift.tt/3EQ3SLT

US Senate bill would limit big tech mergers

The bill would make it easier for the government to stop deals it believes break antitrust law by requiring the companies to prove to a judge that the deals are good for competition, and therefore legal.

from Tech-Economic Times https://ift.tt/3kwb34j

Rivian IPO: EV Maker Boosts IPO Price Range, Aims for $65-Billion Valuation

Rivian significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion (roughly Rs. 4,82,200 crores) in its IPO.

from Gadgets 360 https://ift.tt/3o0iIsp

SolarWinds Investors Allege Board Knew About Cybersecurity Risks Ahead of Massive Breach

SolarWinds investors have sued the software company's directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers' systems.

from Gadgets 360 https://ift.tt/3bJE8UL

Amazon Seeks US Approval to Deploy 4,500 Additional Satellites for Internet Project

Amazon is seeking approval from US communications regulators to deploy more than 4,500 additional satellites as part of the company's effort to deliver broadband Internet to areas around the world that lack high-speed service.

from Gadgets 360 https://ift.tt/3F5KZF1

The mother of all IPOs

On Nov. 8, 2016, Paytm splashed its ads on the front pages of India’s leading dailies, touting its e-wallet as the antidote to demonetisation. Five years on, its parent firm is set to launch the biggest IPO in India’s corporate history.

from Tech-Economic Times https://ift.tt/3mQgCM8