Topic: company history
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Octopus Energy Launches Kraken: AI-Powered Billing Platform
Octopus Energy is spinning off its Kraken technology platform due to its significant growth, with $500 million in annual revenue from external clients and potential plans for an IPO valuing it at $15 billion. The spin-off aims to eliminate conflicts of interest as Kraken partners with energy prov...
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Via Stock Rises Slightly Above IPO Price After Slow Start
Via's IPO was priced at $46 per share, raising $493 million, with shares closing above $49 and valuing the company at $3.9 billion. The company, which provides transit optimization software to 689 cities, plans to use IPO proceeds for growth initiatives and strategic acquisitions. Via has shown s...
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Cowboy E-bikes in Acquisition Talks
Cowboy, an electric bike maker, is in advanced acquisition talks with ReBirth Group, which recently provided it with financial support to avoid bankruptcy. The company gained recognition for its smart, connected e-bikes featuring app-controlled locks and location tracking, raising over €100 milli...
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Vimeo Acquired by Bending Spoons in $1.38 Billion Deal
Vimeo has been acquired by European software company Bending Spoons for $1.38 billion, expanding Bending Spoons' portfolio. Vimeo has pivoted toward enterprise clients and creators, integrating AI tools and increasing hosting fees under CEO Philip Moyer. The acquisition follows Vimeo's recent 10%...
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Klarna's $1.4B IPO Soars, Sequoia Reaps Biggest Rewards
Klarna successfully launched its IPO on the New York Stock Exchange, raising $1.4 billion and achieving a market valuation of $15 billion with strong initial trading performance. The majority of shares sold came from existing investors like Sequoia Capital and BlackRock, who partially cashed out ...
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Who Makes Hisense TVs? Inside Their Global Manufacturing
Hisense has become the world's second-largest TV seller, trailing only Samsung, by offering feature-rich televisions at competitive prices that appeal to a broad audience. The Hisense Group is a major Chinese multinational, manufacturing not only its own TVs but also producing televisions for bra...
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Qatar Suspends Talabat for 1 Week Over Consumer Rights Breach
Qatar's Ministry of Commerce and Industry suspended Talabat for one week due to verified breaches of consumer protection regulations, including misleading product information and improper payment collection. The suspension was based on violations of specific articles in consumer law, prompting ad...
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