Mark Cuban and NEA-Backed FiscalNote To Go Public Via SPAC Merger

Kimberly Redmond | |

DC-based legal and regulatory software tracking technology company FiscalNote Holdings Inc will go public via a merger with a special purpose acquisition company Duddell Street Acquisition Corp in a deal valued at about $1.3 billion.

Under the agreement announced this week, the Maso Capital-backed SPAC will provide FiscalNote with proceeds of $275 million, consisting of a $100 million private placement and about $175 million currently held in trust by Duddell Street.

Intuit To Acquire Mailchimp for $12 Billion in Cash and Stock

Kimberly Redmond | |

Intuit Inc (Nasdaq: INTU) announced Monday it will buy privately held digital marketing company Mailchimp for $12 billion in cash and stock, uniting the two providers of services for small businesses.

Intuit, best known for its popular financial software TurboTax and QuickBooks, said the acquisition will boost its offerings for businesses looking for ways to reach and service customers online.

Intuit in Discussions To Acquire Mailchimp for More Than $10 Billion

Kimberly Redmond | |

Intuit Inc (Nasdaq: INTU), the accounting, tax filing and financial planning software giant, is in talks to buy Mailchimp, an Atlanta-based digital marketing company, for more than $10 billion, Bloomberg News reported Wednesday.

Citing sources familiar with the matter, Bloomberg noted that a final decision has not yet been made and that another buyer could also emerge.

Samsung Group To Invest $205 Billion Globally Over Next Three Years

Kimberly Redmond | |

Samsung Group will invest $205 billion (240 trillion won) over the next three years to expand its global footprint in key industries like biopharmaceuticals, robotics and next-gen telecommunications.

On Tuesday, the tech giant unveiled the plan, saying it is aimed at preparing Samsung “for great changes in industry, international order, and social structure expected after the COVID-19 pandemic.”

BlackBerry Security Flaw Leaves Millions of Cars, Medical Devices Vulnerable to Hackers

Kimberly Redmond | |

A security flaw in software designed by BlackBerry Limited (NYSE: BB) has left almost two million cars, as well as countless devices in the medical, automotive and energy sectors, vulnerable to hackers, two federal agencies warned.

On Tuesday, the US Food and Drug Administration (FDA) and Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued advisories regarding the vulnerability, which affects older but still widely used versions of one of BlackBerry’s flagship products, an operating system called QNX.

Microsoft Recruits Former Uber Product Head To Boost Consumer Apps Business

Kimberly Redmond | |

Microsoft Corporation has hired Manik Gupta, the former chief product officer at Uber Technologies, as part of a renewed effort to boost its consumer app business.

On Tuesday, the software giant announced that Gupta will serve as its new corporate vice president for Teams Consumer, Skype and GroupMe, reporting directly to Jeff Teper, corporate vice president of Microsoft 365 Collaboration.

Optical Wireless Communication Transforms Internet: Jeff Kagan

Jeff Kagan | |

Optical wireless communication is an amazing new technology that is helping transform the way Internet companies deploy networks and, in fact, change the way the Internet works. One of the benefits is the way OWC helps networks cross rivers or lakes without having to dig under them. This is a much more cost-effective way to expand the Internet. Another is the way they transform the way we use the Internet.

Blackstone To Acquire ESG Software Company Sphera in $1.4 Billion Transaction

Reuters | |

Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider, from private equity firm Genstar Capital in a $1.4 billion deal.

Chicago, Illinois-based Sphera has more than 3,000 customers and is present in over 100 countries. Its offerings allow organizations to measure and manage their performance and risk exposure pertaining to their ESG activities.

Alfi Shares Soar 108% in Latest 'Meme Stock' Rally

Reuters | |

Shares of software firm Alfi Inc finished up 108.8% on Tuesday, one of the latest companies that has seen its stock surge in a broader rally that has refocused attention on so-called meme stocks in recent weeks.

Shares in Alfi closed at $16.29 after touching a high of $16.45, with 211 million shares changing hands, making it the third most actively traded stock on U.S. exchanges on the day. Its market cap has ballooned to $201 million, from a $15.5 million valuation for its early May stock market debut.

Sponsored Financial Content

Market Movers