Friday, March 17, 2023

SVB Financial files for Chapter 11 bankruptcy protection in the SDNY Bankruptcy Court and "believes it has approximately $2.2B of liquidity" (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
SVB Financial files for Chapter 11 bankruptcy protection in the SDNY Bankruptcy Court and “believes it has approximately $2.2B of liquidity”  —  One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries …



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UK publisher Bloomsbury says it is among the beneficiaries of the $1.5B Anthropic settlement; 14,087 of its titles are covered, with ~$3K in compensation each (Anushka Chourasia/Reuters)

Anushka Chourasia / Reuters : UK publisher Bloomsbury says it is among the beneficiaries of the $1.5B Anthropic settlement; 14,087 of its...