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 in November to block the takeover, arguing that it would “end a perceived competitive threat.”
In today’s announcement, Visa said it could still work things out, but the threat of “lengthy and complex litigation” eventually prompted things to close.
However, it remains to be seen whether this can calm the financial giants’ interest in acquiring fintech startups and unicorns.
Uber and Modern Partners on COVID-19 Vaccine Access and Information – The only confirmed component includes providing reliable, factual information about COVID-19 vaccine safety through Uber’s consumer app.
To better break amps Access Your Information ‘tool, Facebook said, explaining the data usage – the new version of the tool has been visually redesigned, and is now viewable in eight categories instead of just two Breaks the information.
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 a $ 15B valuation – Checkout.com wants to build a one-stop shop for everything related to payments.
Cockroach Labs at $ 2B valuation, $ 160M Series E – co-founder and CEO Spencer Kimball says the company’s revenue more than doubled in 2020 despite COVID.
Weber acquires smart cooking startup June – June will continue to operate as its brand.
Additional crisis advice and analysis
These five VCs have high expectations 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 blank check offerings for Bakkat and Sophie.
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Rollables are the new foldables – on the first day of CES, both LG and TCL have introduced another form factor designed to offer more screen real estate on their screens.
Nielsen says ‘The Office’ was the most popular streaming series of 2020 – dominating Netflix and Disney + rankings.
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