T-Mobile is acquiring Mint Mobile, the budget-friendly wireless provider partially owned by Ryan Reynolds, in a deal valued at up to $1.35 billion, the company announced on Wednesday. The move indicates that T-Mobile is looking to boost its prepaid offerings. In a blog post, T-Mobile said it reached a deal to acquire Ka’ena Corporation, the
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Roku says its deposits with Silicon Valley Bank, totaling ~$487m or 26% of its cash and cash equivalents as of March 10, are ‘largely uninsured,’ according to statement. Kailey Leinz reports on a special edition of “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of
Walter Thompson Contributor Editorial Manager Walter Thompson edits staff and guest articles for TechCrunch+ and manages TechCrunch’s guest contributor program. Previously, he worked at a number of startups in various roles and as City Editor of Hoodline. He is the host of The Golden City, a podcast about San Francisco. More posts by this contributor
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops,
Deeploi, a Germany-based startup that is building an IT-as-a-Service platform, today announced that it has raised a €3 million seed funding round led by Berlin’s Cherry Ventures, with participation from a group of angels that includes the founders of Taktile, Moss, Vay and sennder. The company was founded by Julian Luebke and Philipp Hoffmann. Luebke
Sling TV announced the launch of three features yesterday that many March Madness fans will likely enjoy, including a new “Side View” feature that allows web users to watch games in a small screen overlay on top of whatever it is they’re doing, whether it be live tweeting the action or, perhaps, working on a
In another sign that the current VC appetite for AI is insatiable, Adept, a startup building AI that “enables humans and computers to work together creatively to solve problems,” yesterday announced that it raised $350 million in a Series B funding round co-led by General Catalyst and Spark Capital with participation from Addition, Greylock, Atlassian
Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up its offerings and scales to international markets. The investment, an extension to last year’s round, helps the startup retain its $4.5 billion
U.K. Chancellor Jeremy Hunt went a small way toward addressing concerns over proposed research and development (R&D) tax credit cuts for small-and-medium sized enterprises (SMEs). But he stopped short of the u-turn some had hoped for following the Government’s Autumn Statement last November. Today’s announcement came as part of the U.K.’s Spring Budget, where Hunt
There’s no shortage of startups attempting to put drones to work. There is, however, a longstanding question around the efficacy of such plans. Drones — especially the smaller variety — are impressive pieces of technology, but their functionality is relatively limited. A small quadcopter probably isn’t going to prune your trees or walk your dog
Peacock released yesterday the official trailer for its upcoming original series, “Mrs. Davis,” a peculiar yet hilarious take on artificial intelligence and a nun (played by “G.L.O.W.” actress Betty Giplin) that wants to defeat it. (Or her?) The first four episodes of “Mrs. Davis” will premiere on April 20 and the other four episodes will
Dakotah Rice, the founder of investing platform Pollit, was sitting on his couch Thursday watching CNBC as he does every morning. Then, his phone started ringing — and didn’t stop. “I started getting texts and calls from my investors saying, ‘Look, you should move your money out of Silicon Valley Bank, something’s going on there,’”
Meal delivery services can save time, and typically money, but imagine getting a Michelin-star meal delivered to your home. Enter meal delivery startup Entrée. Jon Bell and Jason Weingarten launched in Chicago last July with a Michelin-trained culinary team — led by Alex Carnovale of The French Laundry — preparing restaurant-quality meals that are packaged
Medwing, a European startup building a recruitment marketplace for healthcare workers, has raised €44 million ($47 million) in a Series C round of funding. Founded out of Berlin in 2017, Medwing targets the healthcare industry in Germany and the U.K. with a platform designed to match hospitals and clinics with nurses and elderly caregivers, though
The Nest Protect is the single best piece of smart home hardware I’ve ever purchased. Not everything in your home would benefit from being connected, but smoke detectors really do. They go a long way toward providing peace of mind when you’re away from home. Hopefully you’ll never need it, but if you do, it
Although A24’s “Everything Everywhere All at Once” stole the show this year with seven Oscar wins, Netflix was close behind with six wins thanks to the German war movie “All Quiet on the Western Front” (4), an Indian documentary short film “The Elephant Whisperers” (1) and Guillermo Del Toro’s animated movie “Pinocchio” (1). If we
The Fund Co-Founder and Managing Partner Jenny Fielding joins Caroline Hyde and Ed Ludlow to discuss the impact from Silicon Valley Bank’s fallout and what the Fund advises their portfolio companies at this time. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline
Intellect, the Singapore-based mental health platform that now serves over three million users in 20 countries, is getting ready for a new phase of growth after striking a strategic partnership with IHH Healthcare, Asia’s largest private healthcare group. IHH Healthcare will work with Intellect to develop and customize digital mental health programs for its patients,
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns. It
Tesla is opening up Powerwall home battery sales, nearly two years after limiting them because its supply was “too low.” Tesla announced its backup battery tech long ago, in 2015, explicitly intending for the product to work in tandem with solar panels. Yet up until 2021, the automaker also allowed folks to buy the big
The U.K. government has asked the National Cyber Security Centre (NCSC) to review TikTok in a move that could prefigure a ban on the app on government devices. Speaking to Sky News, security minister Tom Tugendhat said the government has asked the NCSC to look into the popular video sharing app — telling the broadcaster
Kakao Entertainment, owned by South Korean tech giant Kakao, will shut down the Korean branch of Tapas Entertainment, the U.S.-headquartered storytelling platform, next month. Kakao Entertainment told TechCrunch that it plans to close the Korean office as part of a restructuring effort to zero in on the company’s North American and other global units. The
Alongside GPT-4, OpenAI has open-sourced a software framework to evaluate the performance of its AI models. Called Evals, OpenAI says that the tooling will allow anyone to report shortcomings in its models to help guide improvements. It’s a sort of crowdsourcing approach to model testing, OpenAI explains in a blog post. “We use Evals to
When I moved to San Francisco, the quirky rotunda at 532 Market Street was a Sharper Image store full of plasma balls and tourists trying out massage chairs. The E*Trade branch that took over the space closed a few years ago, but last August, it got a new tenant: Silicon Valley Bank. Sigh. Downtown SF
Healthcare has been pegged as a prime candidate for more AI applications — both to aid in clinical work and to lighten some of the more time-consuming administrative burdens that come around clinical care. Now, Nabla, the digital health startup out of Paris co-founded by AI entrepreneur Alexandre Lebrun, claims to be the first to
YouTube TV is today announcing a new feature that may help the live TV service attract more subscribers — and particularly those who like to watch live sports. The company says it’s launching early access to “multiview,” an option that allows viewers to watch up to four different preselected streams at the same time. Initially,
Pet ownership has steadily increased through the years, with many people bringing pets into their families during the past three years. That, in turn, boosted the pet industry itself, with the market’s value increasing from $90 billion in 2018 to over $120 billion in 2021. Of that, $50 billion was spent in the U.S. on
An entrepreneur might have the best idea since sliced bread, but if they’re unable to protect it with the relevant patents, trademarks, or copyrights, then there’s a good chance they won’t see the fruits that their labor otherwise might deserve. However, the intellectual property (IP) management process is fraught with friction, from the initial idea-evaluation
Rethink Ventures just announced a €50 million specialist fund focused on mobility, automotive and logistics. With keywords “clean, safe, and digital,” the Munich-based firm is focusing especially on Europe-based startups at the early stage, stretching into Series A financing. LPs include ZF Ventures, Hellmann Worldwide Logistics, KION Group, Berylls and HAVI, as well as the
We hope you’ve filled out your brackets by now because the madness is officially here. Last night kicked off NCAA Selection Sunday, where the full March Madness schedules were finalized for the NCAA men’s and women’s basketball tournaments. Fans that want to watch all the men’s basketball games can subscribe to live TV streaming services
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