April 14, 2020
Last week, Airbnb received a $1 billion investment from Silver Lake and Sixth Street that was exchanged for warrants to be exercised at $18 billion valuation. This $1 billion debt has a five-year term that yields between 11%to 12% interest.
SoFi acquired Galileo, a payments software firm, for $1.2 billion to develop new digital finance products
WeWork sued Softbank for rescinding its $3 billion tender offer.
Read MoreApril 6, 2020
Last week, Airbnb lowered its internal valuation to $26 billion citing reduced bookings from the Covid-19 outbreak.
Grab hired Peter Oey as its CFO. He was previously the CFO of LegalZoom, CFO of MyLife.com and Vice President and Corporate Controller at Activision Blizzard.
Via raised $200 million at a $2.25 billion valuation.
WeWork had its $3 billion tender offer from Softbank rescinded due to several pending criminal and civil investigations, antitrust issues and the Covid-19 outbreak.
Read MoreMarch 30, 2020
Last week, several travel and transportation startups operations were negatively impacted by the Covid-19 outbreak. Airbnb suspended all of its marketing initiatives to save $800 million and several of its top executives took pay cuts. Bird terminated 30% of its workforce. Lime planned to lay off 50 to 70 employees. TripActions laid off 350 employees. Sonder terminated one third of its workforce. Getaround laid off an additional 100 employees.
Read MoreMarch 23, 2020
Last week, Scopely raised $200 million as an extension of its Series D funding round.
Getaround was rumored to be looking for a potential buyer as demand for its services have plummeted due to the Covid-19.
Read MoreMarch 16, 2020
Last week, Epic Games acquired Cubic Motion, a facial mapping startup, to enhance its gaming development tools.
Hashicorp was raising $175 million at a $5.25 billion valuation.
Impossible Foods raised $500 million at an undisclosed valuation.
Magic Leap was looking for a buyer.
Unity acquired Artomatix, an AI game development firm, to bolster its 3D gaming platform.
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