Tuesday, March 16, 2021

Digital health company Grand Rounds, which was last valued at $1.34B, is merging with Doctor On Demand, which was last valued at $875M, in an all-stock deal (Ari Levy/CNBC)

Ari Levy / CNBC:
Digital health company Grand Rounds, which was last valued at $1.34B, is merging with Doctor On Demand, which was last valued at $875M, in an all-stock deal  —  - Grand Rounds and Doctor On Demand, two venture-backed digital health companies, are merging in a deal that will form a multibillion-dollar entity.



Olo, a provider of food-ordering software, has raised $450M in an IPO, above its marketed range, giving it a market value of $3.55B ahead of its trading debut (Michael Hytha/Bloomberg)

Michael Hytha / Bloomberg:
Olo, a provider of food-ordering software, has raised $450M in an IPO, above its marketed range, giving it a market value of $3.55B ahead of its trading debut  —  Olo Inc., the food-ordering software company whose board members include Shake Shack Inc. founder Danny Meyer …



Redmi Note 10 Pro Set to Go on Sale in India Today for the First Time

Redmi Note 10 Pro is set to go on sale in India for the first time today. The Redmi phone comes with Qualcomm Snapdragon 732G and includes up to 8GB of RAM. https://ift.tt/3lnRZnS

Facebook's interest in newsletters stems from its shift in product development to focus on private messaging and Groups, not the News Feed (Casey Newton/Platformer)

Casey Newton / Platformer:
Facebook's interest in newsletters stems from its shift in product development to focus on private messaging and Groups, not the News Feed  —  Hint: it's all about Groups.  PLUS: Substack fumbles  —  Today let's talk about platforms' growing interest in building newsletter tools …



Apple supplier OFilm tells investors it lost 'particular overseas client'

"The impact of this specific customer order change on the company's operations and performance is still under evaluation, and there is considerable uncertainty," the company wrote in a statement, without naming the customer. https://ift.tt/2P0paBM

Sensor Tower: if reduced 15% commission was in place in 2020, Apple would have missed out on an estimated $595M or 2.7% and Google $587M or 5% in app store fees (Kif Leswing/CNBC)

Kif Leswing / CNBC:
Sensor Tower: if reduced 15% commission was in place in 2020, Apple would have missed out on an estimated $595M or 2.7% and Google $587M or 5% in app store fees  —  - Apple and Google have announced changes to app store fees that impact app makers making less than $1 million per year.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...