Ingrid Lunden
Ingrid Lunden
Journalist. Mom. Wife. Traveler. Speaks English, American, Russian, Franglais, Spanglish, in metaphors. ingrid@techcrunch.com DMs OPENSource
London, England
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Zynga acquires Turkey's Peak Games for $1.8B, after buying its card games studio for $100M in 2017

Zynga acquires Turkey's Peak Games for $1.8B, after buying its card games studio for $100M in 2017

Today, some news of a huge acquisition out of Turkey that represents the first billion-dollar-plus exit for a startup out of the country. Social gaming company confirmed that it is Istanbul-based , the company behind popular Candy-Crush-style mobile gaming apps Toon Blast and Toy Blast, for $1.8 billion — $900 million in cash, and $900 million in Zynga shares.Interestingly, this is the second time that Zynga has made a Peak Games acquisition. In 2017, it the company’s mobile card games business for $100 million (more on that below).The news caps off a short period of speculation about an...

June 1, 2020
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Walmart says it will discontinue Jet, which it acquired for $3B in 2016

Walmart says it will discontinue Jet, which it acquired for $3B in 2016

So much for Walmart’s big and expensive effort to take on Amazon with a digitally-native brand. Amid the coronavirus crisis and its impact on the retail industry, today the retail giant quietly  that it would be discontinuing Jet.com, the online-only marketplace that it  (plus $300 million in earn-outs over time), as it struggles to bring its e-commerce operations into that black after  seeing a loss of $2 billion in the division in 2019 and shifting how to deliver its e-commerce strategy: by betting on giant stores, rather than online warehouses, as the hubs of its online...

May 19, 2020
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Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal

Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal

Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats, keeping the Postmates app running while merging some of the tech and delivery operations at the back end — for example, by having drivers delivering orders for both businesses.The deal confirms reports that last week, and got re-reported last night , that Postmates and Uber were in negotiations. That deal itself sprung up in the wake of Uber failing to...

July 6, 2020
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Index raises $1.2B growth fund and $800M to invest in emerging startups

Index raises $1.2B growth fund and $800M to invest in emerging startups

It’s not quite business as usual in the world of business, but in tech, there is still a significant amount of money being raised and invested, both to help sustain the most promising startups, and to help find those emerging despite (or because of) the wider economic and social crises arising from the coronavirus pandemic. Today, one of the biggest names in VC, , announced that it has closed another $2 billion in funds –$1.2 billion that it plans to use for growth rounds (larger, later stage investments) and $800 million that it will put into emerging startups (smaller, earlier rounds,...

April 9, 2020
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DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO

DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO

The on-demand food delivery wars continue to heat up in the U.S. announced today that it has filed confidentially to go public. The company noted that its Form S-1, a draft registration statement, was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell, the share price range for the IPO or what the timing of its next steps would be.A public listing would be another way for the company to pick up a significant injection of capital at a key time in the on-demand delivery industry, where competition is fierce and we’re seeing a lot of...

March 3, 2020
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Just Eat Takeaway confirms it's gobbling up Grubhub in a $7.3B deal

Just Eat Takeaway confirms it's gobbling up Grubhub in a $7.3B deal

Consolidation in the world of on-demand food ordering and delivery continues apace. Today, — the European company that only just got its own $7.8 billion merger approved by regulators in  — officially that it has reached an agreement to acquire in the U.S. in an all-share deal for an enterprise value of $7.3 billion. The acquisition is not just a big piece of M&A in the food delivery space. It also represents a major competitive swipe, as Uber Eats had also been trying to acquire the U.S. company.This is an all-share deal, where Grubhub shareholders will get 0.6710 Just Eat...

June 10, 2020
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Apple fined record $1.2B in France over anti-competitive sales practices

Apple fined record $1.2B in France over anti-competitive sales practices

The wheels of the regulatory machine continue to turn, and today Apple, along with two of its wholesale partners, was dealt a major blow in France over antitrust violations. It received the largest fine ever leveled against a business over anti-competitive practices and “sterilizing the market” for Apple products, specifically as they are sold across a range of Apple Stores, large “big box” retailers and smaller, independent resellers.Apple, along with its wholesale distribution partners Ingram Micro and Tech Data, have been accused and fined by the French competition authority (Autorité de...

March 16, 2020
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UK's Zilch raises $80M at a $500M+ valuation for its direct-to-consumer buy now, pay later service

UK's Zilch raises $80M at a $500M+ valuation for its direct-to-consumer buy now, pay later service

The buy now, pay later model, popularized by companies like Klarn and Affirm has been one of the big e-commerce winners in the last year, giving consumers who might be stretched financially another option to pay for things when they buy them online. While that has prompted the UK financial authority to , an enterprise taking a slightly different approach is announcing some funding as it prepares to expand to the US., a London startup that has built an “over the top” buy now, pay later (BNPL) business out of cutting deals directly with consumers — bypassing the need for integrating anything...

April 19, 2021
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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals. Now, a startup out of Romania that is building tools to help the incumbents respond with better services of their own is announcing a significant round of funding as its business grows., which has built a low-code platform aimed at larger (older) banking and insurance companies to help them...

April 20, 2021
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PR software giant Cision acquires Factmata, the fake news startup that pivoted to monitoring all kinds of online narratives

PR software giant Cision acquires Factmata, the fake news startup that pivoted to monitoring all kinds of online narratives

Fake news, and the identification and eradication of it, has long been thought of as the purview of social media platforms, where a lot of that tends to be shared. Today, one of the more ambitious tech startups in the field of fighting fake news is getting acquired — not by a social media platform, but by a player in one of the other parties that stands to gain and lose a lot from misinformation, or at least bad press: PR.Factmata — founded by AI specialists with the aim of building an engine to detect when fake news and other false information is shared online, but which had more recently...

Nov 17
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