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Otonomo, the mobility data business valued at $1.4B in 2021 SPAC IPO, acquired by Urgent.ly as market cap dips to $70M
Otonomo, connected automotive company that has seen its stock price plummet since going public in 2021, has announced that it is coming together with Urgent.ly, a roadside assistance tech provider, in a reverse merger. The two are combining in an all-share deal that will see Urgently shareholders take 67% of the company and Otonomo shareholders […]
Otonomo, the mobility data business valued at $1.4B in 2021 SPAC IPO, acquired by Urgent.ly as market cap dips to $70M by Ingrid Lunden originally published on TechCrunch
Reddit says hackers accessed internal data following employee phishing attack
Reddit has confirmed hackers accessed internal documents and source code following a “highly-targeted” phishing attack. A post by Reddit CTO Christopher Slowe, or KeyserSosa, explained that the company became aware of the “sophisticated” attack targeting Reddit employees on February 5. He says that an as-yet-unidentified attacker sent “plausible-sounding prompts” that redirected employees to a website masquerading as […]
Reddit says hackers accessed internal data following employee phishing attack by Carly Page originally published on TechCrunch
Amazon in talks to acquire Indian video giant MX Player
Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of the largest on-demand video streaming services in the country, according to three sources familiar with the matter, as the global e-commerce group eyes expanding its entertainment ambitions in the key overseas market. The deliberations are ongoing and may not materialize […]
Amazon in talks to acquire Indian video giant MX Player by Manish Singh originally published on TechCrunch
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India lifts ban on PayU’s LazyPay and some other lending apps
India’s IT Ministry has lifted the ban on seven high-profile lending apps including PayU’s LazyPay, Kissht, KreditBee and Indiabulls Home Loans, according to a person familiar with the matter, providing some relief of the fintech industry that has been reeling with immense scrutiny in recent quarters. On Friday, the IT Ministry also lifted the ban […]
India lifts ban on PayU’s LazyPay and some other lending apps by Manish Singh originally published on TechCrunch