The preferred bidder to buy out Toshiba Corp has offered to pay less than the widely regarded threshold of 6,000 yen a share, two sources said, indicating the premium for the Japanese conglomerate may not be as rich as investors had hoped. A consortium led by private equity firm Japan Industrial Partners (JIP) was granted preferred bidder… Continue reading Toshiba’s preferred bidder offers to pay price short of key 6,000 yen a share
Category: Tech News
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EQT takes over HK-based Baring Private Equity Asia
Swedish private equity group EQT has completed the acquisition of Hong Kong-based Baring Private Equity Asia (BPEA) to create what the firm called a global leader in active ownership strategies. The deal was said to be worth €6.8 billion ($6.7 billion) when it was announced in March, making it the biggest takeover of a private… Continue reading EQT takes over HK-based Baring Private Equity Asia
China Digest: imBee raises $5m; Tecon Biology’s arm bags $139m
Hong Kong-based chat management platform imBee has raised $5 million in a Series A round, while Tecon Pharmaceutical, a subsidiary of the Shenzhen-listed Tecon Biology, has secured $139 million to expand its manufacturing capabilities. imBee raises $5m in a Series A round Hong Kong-based chat management platform imBee has raised $5 million in a Series… Continue reading China Digest: imBee raises $5m; Tecon Biology’s arm bags $139m
Cadillac shares new details of hand-built Celestiq, including a starting price tag ‘north of $300K’
GM’s luxury brand Cadillac has shared a multitude of new details surrounding the upcoming Celestiq sedan it has been teasing for over a year and a half now. Cadillac is describing the Celestiq as its most technologically advanced and most luxurious vehicle ever, and it just may be its most expensive as well. Here’s the… Continue reading Cadillac shares new details of hand-built Celestiq, including a starting price tag ‘north of $300K’
Tesla launches home charging station that works with other electric cars
Tesla has launched a home charging station, or Wall Connector as it calls it, that works with other electric cars and not just Tesla vehicles. Unlike all other electric automakers, Tesla uses its own proprietary connector for vehicles produced for the North American market. This means the company’s charging network and products, like home chargers,… Continue reading Tesla launches home charging station that works with other electric cars
Cleantechnica: Will eRINs Make Teslas Cheaper?002321
Can electric vehicles benefit from the US Renewable Fuel Standard (RFS) scheme? Reuters reports that it is highly likely that they can. It appears that the Biden administration has been working with Tesla’s representatives to include EVs and charging stations in the scheme. The RFS mandates that fuel sold in the US has to contain… Continue reading Cleantechnica: Will eRINs Make Teslas Cheaper?002321
Cleantechnica: 19% Of New Car Sales In Germany Fully Electric, 32% Have A Plug 002320
It seems the German automotive market has bottomed out. After growing 3% in August, September brought a solid 14% increase in sales, while plugins grew even faster. Sales of full electric vehicles (BEVs) were up in September by 33% year over year (YoY). There were 43,692 BEV registrations last month, representing 19% of the overall… Continue reading Cleantechnica: 19% Of New Car Sales In Germany Fully Electric, 32% Have A Plug 002320
Oakland Police Want to Arm Robots With Shotguns, Because We Live in a Dystopian Nightmare
Police in Oakland are hoping to arm robots with potentially lethal shotgun-like attachments. Why? Because that’s the reality we live in now. As The Intercept reports, the Oakland police force made a “percussion actuated nonelectric disruptor,” or PAN disruptor, a top-priority item on their wish list last year. In short, PAN is a shotgun-shaped accessory… Continue reading Oakland Police Want to Arm Robots With Shotguns, Because We Live in a Dystopian Nightmare
Rent Too Damn High? Blame YieldStar, a Secret Algorithm from Housing Hell
Rents across the country have skyrocketed thanks in part to a rental algorithm called YieldStar that takes the human element out of housing and hikes prices on behalf of landlords — a handy tool for real estate owners and a dystopian and never-ending nightmare for tenants. As ProPublica reveals in a shocking investigation, the software touts… Continue reading Rent Too Damn High? Blame YieldStar, a Secret Algorithm from Housing Hell
Certain Kids Can Get Heart Attacks From Gaming, Doctors Say
Image by Getty Images A grim new study found that kids with rare, pre-existing heart conditions can suffer severe — and even deadly — cardiac events as a result of playing videogames. Published in the journal HeartRhythm and conducted by an international team of researchers, the study examined 22 cases in which children between the ages… Continue reading Certain Kids Can Get Heart Attacks From Gaming, Doctors Say