News about Silicon Valley business almost everyday.
PALO ALTO – HP Inc. has completed its acquisition of Poly, a Santa Cruz-based provider of workplace collaboration solutions, for $40 per share or $3.3 billion in cash. Poly was formerly known as Plantronics before changing its name in 2019 after acquiring Polycom. The deal is expected to accelerate HP’s strategy to create a more […]
Apple TV+ has revealed its fall slate for kids and families, featuring an array of fresh, original series, new on-screen imaginings of beloved properties, as well as returning fan-favorite and critically acclaimed series. New original series coming to the platform this autumn include “Sago Mini Friends,” an animated series [photo above] based on characters from […]
SAN FRANCISCO — Headroom, a meeting platform leveraging artificial intelligence to improve communications and productivity, has raised a $9 million investment led by Equal Opportunity Ventures with participation from Gradient Ventures, LDV Capital, AME Cloud Ventures and Morado Ventures. The capital brings total funding to date to $14 million and will be used to expand Headroom’s team, product development and mobile […]
Housing demand in California cooled further in July as the effects of rising interest rates and high home prices hit would-be homebuyers, dragging home sales below the annualized 300,000 benchmark level for the first time since May 2020, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). July’s statewide median home price was $833,910 down 3.5% percent […]
Apple announced Self Service Repair is now available for MacBook Air and MacBook Pro notebooks with the M1 family of chips, providing repair manuals and genuine Apple parts and tools through the Apple Self Service Repair Store. Self Service Repair for iPhone launched earlier this year and the program will expand to additional countries — […]
Fitbit, a division of Google, has introduced new versions of its wearable devices that combine Fitbit’s health and wellness tools with the smarts of Google — Inspire 3, Versa 4 and Sense 2. These devices are even thinner and more comfortable, so you can wear them all day and night, and you don’t have to […]
SAN JOSE — PayPal has partnered with National Philanthropic Trust (NPT) and Vanguard Charitable to introduce Grant Payments, a new product that enables Donor-Advised Fund (DAF) sponsors, community foundations and other grantmakers to deliver grants to charities quickly and electronically via PayPal. Grant Payments will enable charities to receive grants shortly after the funds have […]
SAN FRANCISCO — Cherubic Ventures has completed the venture capital firm’s Fund V at $110 million, with a total of over $400 million in committed capital under management. Operating under a multi-market, “First check” strategy, the VC firm saw two IPOs and one major acquisition in 2021, doubling its number of successful unicorns from the previous […]
SAN JOSE and SYRACUSE, NY — eBay Inc. has agreed to acquire Syracuse-based TCGplayer in a deal worth up to $295 million. Trading cards are an attractive category, which has seen substantial growth. TCGplayer is a leading technology platform for the collectibles industry, and will continue to operate autonomously as one of the largest online […]
SANTA CLARA — Intel Corporation has announced a first-of-its-kind Semiconductor Co-Investment Program (SCIP) that introduces a new funding model to the capital-intensive semiconductor industry. Intel has signed a agreement with the infrastructure affiliate of Brookfield Asset Management, one of the largest global alternative asset managers, which will provide Intel with a new, expanded pool of […]
Blackstone, one of the world’s leading investment firms, is expanding its Corporate Private Equity business in North America through a new team based in San Francisco – building on the firm’s existing strong presence in its San Francisco office across its other business units. Sachin Bavishi, a Senior Managing Director, will relocate to San Francisco […]
SAN FRANCISCO — Zumper, a privately owned rental marketplace, is launching short-term rental listings. The company has also raised a $30 million Series D funding extension with a total of $178 million raised to date. Work from anywhere has prompted a cultural shift in day-to-day life and is just one example of how the pandemic accelerated […]