Topic: investor consortium
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Evotrex raises $30M for an RV that charges itself
Evotrex secured a $30 million Series A funding round to manufacture and sell its first hybrid RV travel trailers, targeting production of roughly 1,000 units annually, with total capital raised reaching $46 million. The startup's hybrid RV uses an extended range electric vehicle (EREV) system, co...
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Musk-Altman trial's wildest moment happened while jury was out
During the trial, Musk's finance chief Jared Birchall testified that Sam Altman was "on both sides of the table" in negotiations over OpenAI's restructuring, allegedly trying to undervalue the nonprofit's assets, which prompted a $97.4 billion bid from a Musk-led coalition to create a market benc...
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EU Industrial Decarbonization Project Secures Crucial Funding
Swedish firm Stegra has secured a critical €1.4 billion funding package, led by a Wallenberg Investments consortium, to complete construction of the world's first large-scale green steel plant in Boden, Sweden. The Wallenberg family will become Stegra's largest shareholder, providing a major vote...
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SiFive's AI Chip Valuation Hits $3.65 Billion
SiFive, founded by RISC-V creators, raised $400 million, reaching a $3.65 billion valuation, highlighting the strategic rise of open-standard chip designs for AI. The funding round includes a strategic investment from Nvidia, signaling its move to integrate the RISC-V ecosystem into its AI hardwa...
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Adam Presser Appointed CEO of U.S.-Controlled TikTok Venture
A new joint venture led by Silver Lake, Oracle, and Abu Dhabi's MGX now controls TikTok's U.S. operations, directly addressing national security and data privacy concerns that had threatened a ban. The venture's leadership includes CEO Adam Presser, a longtime TikTok insider, and a governance boa...
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TikTok Deal Finalized After Months of Negotiations
A new joint venture has been established to protect U.S. TikTok user data and the platform's core algorithm, housing them within Oracle's secure U.S. cloud infrastructure. The entity will enforce strict data privacy, cybersecurity, and software assurance protocols, with oversight from independent...
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The US TikTok Deal: What You Need to Know
A deal has been signed to transfer a substantial portion of TikTok's U.S. operations to a consortium of American investors, including Oracle, Silver Lake, and MGX, which will collectively hold a 45% stake. Oracle is designated as the trusted security partner, responsible for securing a new U.S. v...
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TikTok U.S. Deal With Oracle, Silver Lake to Close in January
TikTok and ByteDance have formed a U.S.-based joint venture to comply with a "divest-or-ban" law, with the new entity set to begin operations in January 2026. The joint venture's ownership is majority U.S.-based, with a consortium including Oracle, Silver Lake, and MGX holding 50%, while ByteDanc...
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Trump Inks $14B TikTok Deal in Executive Order
President Trump endorsed a deal allowing TikTok to continue U.S. operations by creating a new, U.S.-controlled joint venture, temporarily suspending a ban for 120 days to finalize the transaction. The agreement ensures TikTok's U.S. operations are majority-owned and controlled by American entitie...
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Fox Corp. Eyes Stake in TikTok
Fox Corporation, led by Lachlan Murdoch, is negotiating to buy a stake in TikTok's U.S. entity to comply with American regulations, with President Trump confirming involvement from other tech leaders like Larry Ellison and Michael Dell. The deal is required by a 2025 law mandating that ByteDance'...
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Trump Delays TikTok Ban Again, Claims Deal With China to Sell US Operations
President Trump announced a tentative agreement to restructure TikTok's U.S. ownership, extending the divest-or-ban deadline to December 16. A consortium of U.S. investors would hold an 80% stake in TikTok's U.S. operations, with a U.S.-dominated board and Oracle managing user data for compliance...
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