Amazon said to eye Slack purchase
Slack, the popular messaging platform for group work, has received recent inquiries about a potential takeover from Amazon.com and other tech companies at a valuation of at least $9 billion, according to a Bloomberg report citing unnamed sources. San Francisco-based Slack has already raised more than $500 million to date, with a recent private valuation of nearly $4 billion.
Ride app Careem closes $500M round
Careem, a ride-hailing app popular in the Middle East, has raised another $150 million to close out a $500 million Series E round, TechCrunch reports. The latest financing is led by Saudi-based Kingdom Holding and joined by Daimler, DCM and Coatue Management.
Spotify to pay record labels billions
Music streaming service Spotify’s revenue grew more than 50 percent to $3.3 billion last year, according to a Recode report citing financial filings. In order to keep growing, the company reportedly plans to pay music labels more than $2 billion in minimum payments over the next two years.
India’s e-commerce rivalry heats up
India’s fast-growing e-commerce space has been full of drama lately, with global tech giants vying for market share. Crunchbase News takes a look at some of the latest funding action.
|
