Microsoft in talks to acquire VoIP platform Discord for USD 10 billion

Microsoft Corp., an American multinational technology giant is in talks to acquire Discord, gaming-focused VoIP and chat software for over USD 10 billion, cited sources aware of the development. Discord was reportedly seeking a USD 10 bill....

ByteDance-owned Nuverse to acquire Moonton Technology for USD 4 billion

Nuverse, a ByteDance-owned game development and publishing company, has reportedly signed an agreement to acquire Shanghai-based video game developer Moonton Technology. The USD 4 billion acquisition will allow ByteDance to expand further i....

UK food delivery firm Deliveroo aims for up to £8.8B valuation for IPO

Online food delivery company, Deliveroo, is reportedly targeting a valuation that ranges between £7.6 billion and £8.8 billion when it lists it’s shares on the London stock market. The company has announced plans to sell i....

Schlumberger to develop new lithium extraction pilot plant in Nevada

Schlumberger New Energy, a leading energy technology provider, has recently announced the development of a new lithium extraction pilot plant through NeoLith Energy, its new venture. This new plant will be deployed in Clayton Valley, Nevada....

Leap raises $17M in Series B funding round led by Jungle Ventures

Leap, a technology-driven asset pooling startup, has reportedly secured $17 million in a Series B funding round led by Singapore-based Jungle Ventures. This latest funding round also includes participation from other investors namely Owl Ve....

Syndax Pharmaceuticals reveals data from phase 1 trial of axatilimab

According to reliable sources, Massachusetts-headquartered clinical stage biopharmaceutical company, Syndax Pharmaceuticals Inc. has revealed an updated data from its Phase 1 trial of its patent axatilimab. The company will reportedly prese....

Alphabet’s Google to face lawsuit from NLRB for violating labor laws

In a recent turn of events, U.S. government body National Labor Relations Board (NLRB) has reportedly issued a complaint against American multinational technology company, Google LLC for unlawfully monitoring as well as questioning its work....

Xiaomi shares drop by 7.1% after raising USD 3.9 billion in equity deal

Shares of Xiaomi Corporation, a Chinese multinational electronics company, witnessed a 7.1% drop during Hong Kong trading after the company secured USD 3.91 billion in fund raising which also included the city’s top-up placement. The....

Supercom signs a supply contract of PureSecurity EM suite in Wisconsin

Israel-based leading provider of advanced solutions for cybersecurity, IoT (Internet of Things) and e-Government sectors Supercom has reportedly signed a supply agreement to deliver its PureSecurity EM (Electronic Monitoring) product suite ....

FAA grants approval for mass air shipment of Pfizer’s COVID-19 vaccine

Chicago-headquartered airline company United Airlines Inc. has reportedly started operating charter flights for the distribution of Pfizer Inc.’s COVID-19 vaccine after receiving approval from the Federal Aviation Authority (FAA). Fo....