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The deal would align the two services in future licensing negotiations with the major music labels.
The Boston-based company also plans to shed its majority stake in Baker Hughes, which became a separate public company in July after merging with GE’s oil and gas operations.
Dandelion has secured an initial $2 million round of seed funding.
Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday. It is not clear which investors are committing to the round, which was described as targeting around $100 million… Read more »
The deal could be among the first from SoftBank’s $100b technology fund.
JD.com Inc said its online-to-offline unit, JD Daojia, will merge with Dada Nexus Ltd, a crowdsourcing platform, to form a new company. Under the merger agreement, JD.com will receive about 47.4 percent of the new company’s equity for $200 million in cash.