#1 | Google owner Alphabet looking to buy Fitbit Google’s parent company, Alphabet, made an offer to buy Fitbit, causing shares of the US wearable device maker to skyrocket by around 30 percent. The exact price that Alphabet has offered could not be learned. If the...
#1 | SoftBank takes control of WeWork, Adam Neumann to step down SoftBank is taking control of WeWork in a deal that will cost the Japanese conglomerate $5 billion in new financing and up to $3 billion in an offer for existing shareholders. Previously agreed $1.5...
#1 | A toxic chemical found in WeWork phone booths WeWork warned tenants about increased levels of formaldehyde in phone booths in hundreds of its offices in the US and Canada. Formaldehyde is a toxic chemical used primarily as a sealing agent in wood products...
#1 | GM, Nvidia, Toyota, and others form an autonomous driving industry group Arm, Bosch, Continental, GM, Toyota, Nvidia, NXP, and Denso have formed up the industry group that’s supposed to work to solve major challenges in the deployment of self-driving...
#1 | Airbnb likely to opt for direct listing instead of IPO Airbnb is planning to go public in 2020 through a direct listing rather than an initial public offering (IPO). This approach helps companies save money they usually pay to investment banks in...
#1 | WeWork’s Adam Neumann steps down as C.E.O. WeWork’s co-founder and C.E.O. Adam Neumann has decided to step down, facing pressure from investors who wanted to halt his attempt to take the company public. Institutional investors signaled that the real estate...
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