There are no second acts in American lives. There are only Series B financing rounds.
The top two executives at ARM Holdings will share a payout of up to £55m when the British microchip designer is bought by Japan’s SoftBank, terms of the sale reveal.
Twitter has bought London-based AI startup Magic Pony Technology for a reported $150m (£102m) as the company moves to strengthen its position in image-sharing, video and live video.
Europe is a successful Unicorn ranch. The number of private technology companies valued north of $1bn – originally nicknamed after the mythical creature due to their supposed rareness – that are based in Europe has risen to 47, according to tech investment bank GP Bullhound.
Snapchat pays summer interns $10,000 a month plus $1,500 for housing, according to new survey data that highlights the jaw-droppingly high wages that Silicon Valley’s top tech companies pay students for summer gigs.
Opec struggles to speak with a single voice these days, so it was always a wobbly assumption that the cartel of oil producers would be able to agree a deal with non-members, such as Russia, to curb output.