venture

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts International (NYSE: MGM) announced on Monday it would partner with Britain’s GVC Holdings PLC (LON:GVC) to create a sports betting and online gambling platform in the US.The announcement of the 50-50 joint venture skyrocketed shar..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..

Skechers Down After Mixed Earnings Report

Skechers Down After Mixed Earnings Report

Skechers USA Inc (NYSE:SKX) shares fell more than 26% after the developer and marketer of footwear announced mixed financial results for the first quarter ended March 31, 2018. The company's sales grew 16.5 percent as a result of a 17.9 per..

Scammers Steal Cryptocurrency Worth $2 Million Through a Scam Named Project Giza

Scammers Steal Cryptocurrency Worth $2 Million Through a Scam Named Project Giza

All the hype about cryptocurrency has been further spurred by the recent developments in the cryptocurrency market. It looks as though scammers have managed to carry out an invalid initial coin offering or ICO and make a run with almost close to $2 ..

Xerox to Merge with Fuji Xerox in Joint Venture

Xerox to Merge with Fuji Xerox in Joint Venture

On Wednesday, FUJIFILM Holdings Corporation and Xerox Corporation (NYSE: XRX) announced that Xerox will merge with Fuji Xerox in joint venture.Fuji Xerox joint venture was a joint venture partnership between the two companies. Established in 1962, t..

Younited Credit Stumps Up $47.8 million

Younited Credit Stumps Up $47.8 million

Younited Credit is creating the world's largest crowdfunding platform inside continental Europe. The French startup has raised about $47.8 million. The money will be used to launch their products in a number of new countries. The cash will enabl..