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Amazon and OnlyFans founder make surprise entry in race for TikTok’s US business

Private Equity Insights

Stokelys startup Zoop, backed by a cryptocurrency foundation, has submitted a late-stage plan to bid for the short-form video platform, according to Reuters. Blackstone is in discussions to join ByteDances existing non-Chinese investors, including Susquehanna International Group and General Atlantic, to help fund a potential bid.

Bidding 147
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Elon Musk’s X secures nearly $1bn in equity at $32bn valuation

Private Equity Insights

SpaceX recently completed a tender offer that valued the company at $350bn, while his AI startup, xAI, is reportedly seeking fresh funding at a potential $75bn valuation. At one point, Fidelity Investments slashed its valuation of X by 79% from its acquisition price. Musk has a history of raising private capital for his ventures.

Buyout 147
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European Startup Funding Weakens as Investors Favor Bonds

The Motley Fool

But the aggressive bid for safety has hurt funding for riskier ventures, including the European market for financing start-ups. Banks and lenders around the world have been throwing trillions of dollars at bonds, betting that a cooling economy won't fully collapse and hit currently high yields.

Startups 244
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Bain Capital and Tata Group in bidding war to buy snack maker Haldiram’s at $10bn valuation

Private Equity Insights

Source: Indian Startup News Can’t stop reading? read more The post Bain Capital and Tata Group in bidding war to buy snack maker Haldiram’s at $10bn valuation appeared first on Private Equity Insights. Pepsi, famous for its Lay’s chips, also has around 13%. read more Ascend Elements’ $542M Funding will Boost U.S.

Bidding 130
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Why Lucid Stock Jumped Friday

The Motley Fool

What happened Established automakers are finding out it's hard to ramp up electric vehicle (EV) production, and that's benefiting EV startups like Lucid Group (NASDAQ: LCID) Friday. That has investors bidding up its shares Friday. Lucid shares were trading up by 8.2% as of 12:30 p.m.

Bidding 189
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Author Health raises $115m in General Atlantic-led funding

Private Equity Insights

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Healthcare startup Author Health will use the funds to potentially enter new markets and secure partnerships with insurance and healthcare companies. The startup expects to expand into other locations early next year.

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Thrive Capital to lead multi-billion dollar OpenAI investment round at $100bn valuation

Private Equity Insights

OpenAI, the company behind the popular AI tool ChatGPT, is in advanced talks to secure several billion dollars in a new funding round led by Thrive Capital with an investment of around $1bn, that could value the startup at over $100bn, according to a report by the Wall Street Journal. Billion US pipeline operator ONEOK Inc.

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