Walmart planning Bonobos purchase
Walmart is in advanced discussions to acquire online men’s fashion retailer Bonobos, according to a Recode report citing unnamed sources. If the deal goes through, it will be Walmart’s fourth e-commerce acquisition in seven months and likely the second-largest after discount site Jet.com. New York-based Bonobos, founded in 2007, has raised more than $125 million in venture funding.
Uber offers a peak at finances
Uber revealed some details about its finances for a Bloomberg article, revealing that gross bookings more than doubled to $20 billion in 2016. Net revenue was $6.5 billion, while adjusted net losses were $2.8 billion, excluding the China business, which it sold last summer.
Smart building poised for growth
While funding in the smart building sector has seen its share of ups and downs in recent years, experts say the space is on the verge of a potential boom, Crunchbase News reports. Investment is up this year, led by big deals like the $100 million February round for dynamic glass manufacturer View.
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