Long Island Iced Tea Corp's pivot to blockchain in 2017 is being investigated by the FBI for insider trading and securities fraud, according to search warrants — Even during the heady days of the epic bitcoin bubble in 2017, Long Island Iced Tea Corp.'s pivot to blockchain was a particularly brash ploy to latch onto the crypto hype.
Unity’s private valuation is climbing but it’s growing unclear whether the company’s leadership is planning to take the 15-year-old gaming powerhouse public anytime soon.
The company announced today that is has received signed agreements from D1 Capital Partners, Canada Pension Plan Investment Board, Light Street Capital, Sequoia Capital, and Silver Lake Partners to fund a $525 million tender offer that will allow Unity’s common shareholders — the majority of which are early or current employees — to sell their shares in the company.
The tender offer gives employees “the opportunity for some liquidity,” Unity CFO Kim Jabal says. The total amount raised will depend on the enthusiasm of common shareholders to sell their stakes in Unity.
This event could potentially signify that the company is pushing back its timeline for an IPO, keeping employees that have been sitting on equity for several years happy as Unity labors on in private markets. It’s worth noting that the company has raised hundreds of million previously with the same intent of buying back employee shares.
It was reported earlier this year that Unity was targeting an IPO in the first half of 2020.
The company also confirmed that it wrapped up a $150M Series E funding round in May that doubled the company’s valuation to $6 billion. The announcement confirms the valuation we reported on in May though at a higher amount of capital raised.
SF-based Unity has more than 2,000 employees. The company builds developer tools which are used game studios to create video games across a number of platforms. The company claims that half of all games are created using the company’s game engine.
WhatsApp to roll out its payments service in India this year, after developing a system that stores data locally to comply with Reserve Bank of India's policy — WhatsApp's ambitious payment services' blueprint in India has been caught in a bind over concerns around authentication and its data storage practices
Researchers find that cryptocurrency loan site YouHodler exposed 86M lines of records, including unencrypted names and credit card numbers, for almost a month — A cryptocurrency loan startup exposed reams of customer credit cards and user transactions for almost a month — because it forgot to protect the server with a password.
Salesforce announces partnership with Alibaba, which will become the sole provider of Salesforce's CRM products in mainland China, Hong Kong, Macau, and Taiwan — - Software maker will use Alibaba's cloud to sell products — San Francisco-based company wants to double revenue by 2023
Forbes : Collate, which is developing tech to automate paperwork for life science companies, emerges from stealth with a $30M seed led by...
