Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero's Foodpanda for $950 million in cash. The deal is part of Uber Eats' strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero's ongoing retreat from that same market: the sale is coming at the same that Delivery Hero has trying to sell off a package of its other operations across Southeast Asia.
President Joe Biden ramps up pressure on China with new targeted tariffs on a range of goods as his rival Donald Trump weighs even more draconian measures should the Republican win in November.
In one scenario, Dallas makes Prescott the highest paid player in NFL history. In another, the Cowboys decline that commitment, at which point another team will make him the top paid player in NFL history.
Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the wider Francophone region. The seed round was led by Ventures Platform, with participation from Seedstars International Ventures, Reflect Ventures, Oui Capital, Launch Africa, Voltron Capital and Alumni Ventures.
The OpenAI Startup Fund, a venture fund that invests in early-stage AI companies and has recently transferred legal control from Sam Altman to Ian Hathaway, has closed on additional $5 million, according to a filing with the U.S. Securities and Exchange Commission. The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund: OpenAI Startup Fund SPV III, L.P. This is the third time the OpenAI Startup Fund has raised an SPV.