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Posts Tagged ‘aol’

Cathay Capital and AfricInvest to raise $168M Africa VC fund

Tunisia based private equity firm Africinvest has teamed up with Cathay Capital — a global private equity firm based in Paris — to launch a new Africa tech fund with a target raise of $168 million. Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on series A to C stage ...

Yahoo spinout Altaba is selling its entire Alibaba stake and closing down

Bye bye, Altaba . The Yahoo spinout created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan, announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba — some might argue Yahoo was the same in its final years ...

Former Oath CEO Tim Armstrong is exiting Verizon with a payout worth more than $60 million

Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from last Monday by combining Armstrong’s compensation in 2018, severance and a special incentive package he was given by Verizon when it acquired AOL in ...

Announcing TC Sessions: Mobility, a one day event on the future of mobility and transportation

Mobility is changing and the world with it. Technology is upending century-old establishments, creating new lifestyles and routines. Regions across the globe are trying to replicate Silicon Valley, but all the while Silicon Valley has been replicating a different innovative American city: Detroit. Countless companies have sprung up around the Bay Area focused on the ...

Reserve your demo table today for the TechCrunch Winter Party at Galvanize

There are just three short weeks until Silicon Valley’s startup community takes a night off to relax, connect and get down at the 2nd Annual TechCrunch Winter Party at Galvanize. It’s not just an opportunity to have a great time — although you will. It’s also the chance for promising early-stage startups to strut their ...

Coinbase acquihires San Francisco startup Blockspring

Coinbase is continuing its push to **** up talent after the $8 billion-valued crypto business snapped up Blockspring, a San Francisco-based startup that enables developers to collect and process data from APIs. The undisclosed deal was announced by Blockspring on its blog, and confirmed to TechCrunch by a Coinbase representative. Coinbase declined to comment further. ...

Oath agrees to pay $5M to settle charges it violated children’s privacy

TechCrunch’s Verizon-owned parent, Oath, an ad tech division made from the merging of AOL and Yahoo, has agreed to pay around $5 million to settle charges that it violated a federal children’s privacy law. The penalty is said to be the largest ever issued under COPPA. The New York Times reported the story yesterday, saying the ...

Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Tarform debuted new e-motorcycles but is there a U.S. market? Marieme Diop and Shikoh Gitau to speak at Startup Battlefield Africa Africa’s VC landscape is becoming more African with ...

Oath is dead. Long live Verizon Media Group/Oath

Friends, readers, internet browsers, lend me your ears; I come to bury Oath, not to praise it. The subsidiary brands that companies own live after them; Their terrible rebranding is oft interred with their bones; So let it be with Oath . The new Verizon chief executive, Hans Vestberg, told you Oath was ambitious: If it ...

Building a great startup requires more than genius and a great invention

Shahin Farshchi Contributor Shahin Farshchi is a partner at Lux Capital. More posts by this contributor The dos and don’ts of crafting frontier-tech companies Five billion-dollar businesses for the driverless future Many entrepreneurs assume that an invention carries intrinsic value, but that assumption is a fallacy. Here, the examples of the 19th and 20th century ...