Events app Fever books $35m in funding round led by Rakuten August 5, 2019 Events platform Fever has secured $35m (£28.8m) in fresh investment following a funding round led by Japanese internet giant Rakuten. Fever, which lists entertainment events in more than a dozen cities worldwide, said the cash injection will fund investment in technology and expansion in new markets. Read more: Onecom bags £100m in funding as it [...]
BBC accused of ‘pulling a fast one’ on producers over Britbox plans August 4, 2019 The BBC has been accused of “pulling a fast one” on independent production companies over new rules that could give Britbox an advantage over streaming rivals. The broadcaster has proposed new regulations meaning producers can sell their rights to streaming services after 12 months, but only subject to conditions that would be tougher for competitors [...]
Naked Wines hopes US float will be recipe for success after Majestic sale August 4, 2019 Online wine retailer Naked Wines is said to be preparing for a US listing following the sale of sister company Majestic. Chief executive Rowan Gormley has told investors he plans to list the firm on the tech-heavy Nasdaq exchange once the sale of Majestic goes through, the Sunday Times reported. Read more: Majestic Wine sells [...]
Arqiva owners plan break-up of company after ditching £6bn float August 4, 2019 The investment firms behind telecoms mast giant Arqiva are said to be planning a break-up of the business, two years after they ditched a £6bn float. Read more: BT eyes £80m sale of legal software division Tikit as it focuses on full-fibre The move would see Arqiva’s TV and radio towers business split from its [...]
BT eyes £80m sale of legal software division Tikit as it focuses on full-fibre August 4, 2019 BT is said to be lining up a sale of its £80m legal software business as it looks to focus its efforts on rolling out full-fibre broadband across the UK. Tikit, which provides lawyers with software for time recording and case management, has been added to a list of fringe BT businesses up for sale, [...]
Hotel Chocolat goes into meltdown over missing ‘Chocmobile’ August 1, 2019 Luxury chocolate retailer Hotel Chocolat has appealed for help in finding a missing van, nicknamed the ‘Chocmobile’ Read more: Sweet like chocolate: Hotel Chocolat credits relentless innovation for sales boost The chocolatier said the “beloved” van had been stolen from its Hertfordshire headquarters earlier this week, and called on the public for help in tracking [...]
US health firm Centene invests in digital health startup Babylon August 1, 2019 US healthcare giant Centene Corporation is said to be investing tens of millions of pounds in British startup Babylon Health. The Missouri-based health company will inject $50m (£41m) into the tech firm as part of a fresh funding round, Sky News reported. Read more: Saudi Arabian wealth fund set to invest in digital health startup [...]
Jeff Bezos sells $1.8bn worth of Amazon shares August 1, 2019 Amazon founder and chief executive Jeff Bezos has sold roughly $1.8bn (£1.5bn) worth of shares in his company over the last three days. Read more: Amazon founder Jeff Bezos unveils plans to send Blue Origin rocket to the moon Filings to the US Securities and Exchange Commission (SEC) revealed Bezos offloaded more than 900,000 shares [...]
Verizon beats profit estimates as it boosts phone subscribers August 1, 2019 Verizon has posted better than expected profit for the second quarter thanks to strong growth in phone subscribers. Read more: Buzzfeed and Verizon plan to slash hundreds of jobs in grim day for digital media The US telecoms provider said it added 245,000 phone subscribers over the quarter, compared to 199,000 in the same period [...]
BBC gets Ofcom approval to stream shows on iPlayer for a year August 1, 2019 BBC TV programmes will now be available on iPlayer for a year, after Ofcom approved proposals to expand the on-demand platform. The broadcaster submitted a request to extend the availability of catch-up series from 30 days after broadcast to 12 months, with some programmes available for even longer. Read more: Britbox: BBC and ITV strike [...]
