Regulatory action signals Visa to support a fintech acquisition, with Uber and Modern Partner and Checkout.com valued at $ 15 billion. This is your daily crunch for January 12, 2021.
Big Story: Visa Plaid Closes Takeover
The deal, valued at $ 5.3 billion, was first announced a year ago. However, the Department of Justice Sued to block takeover In November, arguing that it would “end a nascent competitive threat.”
In today’s announcement, Visa said it could still work, but eventually threatened “long and complex litigation” It prompted things to stop.
However, it remains to be seen whether this can calm the financial giants’ interest in acquiring fintech startups and unicorns.
Uber and Modern Partner on COVID-19 Vaccine Access and Information – The only confirmed component involves providing reliable, factual information about COVID-19 vaccine safety to users through Uber’s consumer app.
Facebook has revisited the ‘Access Your Information’ tool to better understand data usage. – The new version of the tool has been visually redesigned, and now further breaks viewable information into eight categories instead of just two.
GM targets delivery companies with new EV business unit Brightdrop – GM has launched a new business unit to offer an ecosystem of electric and connected products to commercial customers.
Startup, Funding and Venture Capital
Checkout.com raises $ 450M and reaches $ 15B valuation – Checkout.com wants to create a one-stop shop for everything related to payments.
Cockroach Labs $ 160M Series E at $ 2B Valuation – Co-founder and CEO Spencer Kimball says the company’s revenue more than doubled in 2020 despite COVID.
Weber acquired smart cooking startup in June – June will continue to serve as its brand.
Additional crisis advice and analysis
These five chancellors have high hopes for cannabis in 2021 – Despite the remaining headwinds, most cannabis businesses are looking to the future.
Is there still a place in the cloud-security market? – While the initial setbacks of the COVID-19 epidemic have subsided for businesses, one of its main legacies is how it heralds a tidal wave of accelerated digital transformation.
2021: A SPAC Odyssey – Take a closer look at the Blanc-Check offerings for Bucket and Sophie.
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Rollables are new foldable – On day one of CES, both LG and TCL have offered another form factor on their screens, designed to offer more screen real estate.
Nielsen says ‘The Office’ was the most popular streaming series of 2020 – Netflix and Disney + dominated the rankings.
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