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Daimler buys remaining 25% stake of car sharing startup car2Go from EuropCar for $85M

German automaker Daimler has been steadily investing in a stream of new transportation services as it positions itself for the next generation of car ownership and travel. Today, it consolidated its position in one of those business: it paid €70 million ($85 million) to buy the remaining 25 percent of car-sharing company car2Go that it did not already own, valuing car2Go at €280 million… Read More

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Asus’ Zenfone 5 is the king of the MWC iPhone X knockoffs

Sure, Apple didn’t have any sort of official presence at this year’s MWC, but this was the week the iPhone X really came into its own. The company’s premium flagship was everywhere in spirit, through the design choices from the competition. For some it was the mere legitimization of the notch — for others, the inspiration was a bit more unabashed. With Huawei’s… Read More

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The SEC is reportedly investigating a number of ICOs

The SEC is getting up close and personal with companies that have raised ICOs, according to a new report. Citing sources, the Wall Street Journal is reporting that the commission has “issued dozens of subpoenas and information requests” to tech companies that have held token sales and a number of advisors associated with them. More specifically, it appears that the SEC is… Read More

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Apply for Startup Battlefield Europe Today

Ah, springtime in Paris — the City of Love. Couples strolling hand-in-hand down the Avenue des Champs-Élysées. Early-stage tech startups converging on the Paris Expo Porte de Versailles…um, say what? That’s right. Love of technology is in the air, and TechCrunch will host Startup Battlefield Europe at VivaTech on May 24th – 25. Applications are still open! apply… Read More

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Microsoft signs its first renewable energy deal in Asia with Singaporean solar firm Sunseap

As part of its goal to use more renewable energy in its datacenters, Microsoft said it has entered an agreement with Singapore-based clean energy firm Sunseap. The value of Microsoft’s investment was not disclosed, but an announcement today said it will create “the single-largest solar energy portfolio in Singapore to date.” Read More

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Tencent Music, Spotify’s strategic partner in China, is valued at over $12B

Spotify has finally filed to go public, and in doing so the Swedish company has shed light on another huge music company that has been tipped for IPO — Tencent Music — which is now valued at over $12 billion.
Tencent and Spotify announced a share swap in December that saw each side take an undisclosed slice of the other for strategic purposes going forward. According to… Read More

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Viber is launching Viber Communities, group chats for up to 1B users

Messaging apps have seen a surge of popularity in recent years as people seek ways to communicate more directly than on social networks. But they also have been adding large group chat options into the mix, to give a more social experience on those messaging platforms. Now messaging app Viber is introducing the biggest group chat of them all. Read More

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Amazon Prime Video will now show pay-per-view UFC fights

If you’re a UFC fan you’ll now have another place to watch fights — Amazon Prime Video. The online retailers just announced that starting with UFC 222 on March 3rd, all pay-per-view UFC fights will be available to buy and watch on Amazon prime. Fights can be preordered and also purchased up to four hours after the start time (in case you want to tune in late just for a… Read More

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Virtualitics grabs another $7M in funding to drive its VR data visualization platform

After raising $4.4 million last March, Virtualitics has closed a $7 million Series B round led by Centricus with participation from The VR Fund. The startup is building a sort of “Excel for VR,” that lets people see data in a more immersive and collaborative way. Read More

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Going public pits Spotify’s suggestions against everyone

The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo and iHeartRadio before Spotify pulled it out from under them by buying it for a reported $100 million — 90 percent in Spotify equity. That deal paid off big time. Read More

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Going public pits Spotify’s suggestions versus everyone

The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo and iHeartRadio before Spotify pulled it out from under them by buying it for a reported $100 million — 90 percent in Spotify equity. That deal paid off big time. Read More

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The mystery of the public marketplace

The two most highly valued private tech companies (outside of China) are Uber and Airbnb. Both also happen to be marketplace businesses, and their success has helped encourage a rush of VC investment in similar business models over the past several years. But despite all this investment, public comps for marketplaces remain far thinner than those for SaaS. Read More

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