Topic: bankruptcy proceedings
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Luminar's Lidar Unit Attracts $33 Million Takeover Bid
MicroVision has placed a winning $33 million bid to acquire Luminar's core lidar assets, including intellectual property, inventory, and key personnel, signaling a major industry consolidation. MicroVision's leadership believes this acquisition positions the company to transform the lidar market ...
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Luminar Founder Austin Russell Accepts Subpoena in Bankruptcy Case
Austin Russell, Luminar's founder, has agreed to receive a subpoena for his mobile device data as part of the company's bankruptcy proceedings, with a week to challenge it. Luminar filed for Chapter 11 after losing key auto contracts and facing intense competition, leading to asset sales includin...
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Redbox's Next Move: Piracy Lawsuits
Grove Street Partners has offered $100 million to acquire the IP litigation assets of Redbox and Chicken Soup for the Soul Entertainment, shifting focus from revival to copyright enforcement under the Digital Millennium Copyright Act. The assets grant the right to sue third parties, including Int...
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NASA, USPS Halt Canoo EV Use Despite CEO Backing
NASA and the USPS have stopped using Canoo electric vans, highlighting challenges for new EV companies in securing large institutional clients. Both agencies cited unmet requirements, with NASA leasing a replacement vehicle and the USPS concluding its evaluation without further investment. Canoo'...
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NTSB Probes Waymo As Tesla Autopilot Faces Scrutiny
The National Transportation Safety Board is investigating Waymo's autonomous vehicles for reportedly passing stopped school buses, highlighting increased regulatory scrutiny. Tesla is advancing its driverless technology by offering passenger rides without a safety driver and shifting to a subscri...
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