Snap has acquired Saturn, a calendar app that helps students manage their school schedules and share them with others, the company confirmed to TechCrunch on Friday. The financial terms of the deal were not disclosed. Saturn will continue to operate as a standalone app. The news was first reported by Engadget. Snap says almost the…
As economic headwinds intensify and geopolitical tensions ripple through global supply chains, a new wave of fashion mergers and acquisitions (M&A) is taking shape — not as a sign of aggressive expansion, but as a strategy of survival, recalibration and reinvention. For many, consolidation has become a lifeline. In recent months, the fashion industry seems…
Food delivery startup Wonder has acquired Tastemade, a media company that creates video content and original programming focused on food, travel, home and design. “With Tastemade’s world-class storytelling, we’re unlocking fresh opportunities for brand partners and reimagining the future of food and content,” Wonder said in a Wednesday (March 12) post on LinkedIn. Wonder CEO Marc Lore said in a Wednesday post on…
Hong Kong’s cash-strapped Urban Renewal Authority intends to adjust the pace of its projects to ensure better financial stability, while private developers will be briefed in advance on plans to avoid failed tenders. The changes, outlined by managing director Wai Chi-sing on Sunday, were aimed at helping the authority maintain adequate cash flow and avoid…
Raine Group plans to close its Hong Kong office and is offering the staff to relocate to Singapore as the New York-based boutique adviser seeks to consolidate its operations in Asia, according to people with knowledge of the matter. Three Hong Kong staff, including a managing director, have been offered to move, the people said,…
Berkshire Hathaway Inc.’s cash pile reached $325.2 billion in the third quarter, a record for the conglomerate, as Warren Buffett continued to refrain from major acquisitions while trimming some of his most significant equity stakes. Berkshire once again cut its holdings in Apple Inc., the Omaha, Nebraska-based company said Saturday in a statement. Its stake…
Wall Street rejoiced over this week’s interest rate cuts, but there’s another investor class that was just as enthusiastic: venture capitalists. The tech correction of the last couple of years has left many startup investors longing for the Federal Reserve’s bygone zero interest rate policy, or ZIRP, which helped fuel the industry’s boom in 2021…