Blog

SoftBank is selling Wag stake back to company: WSJ

SoftBank is selling Wag stake back to company: WSJ

(Reuters) – SoftBank Group Corp’s Vision Fund has agreed to sell its nearly 50% stake in Wag Labs Inc back to the dog-walking startup, the Wall Street Journal reported on Monday citing people familiar with the matter. “We are amicably parting ways with SoftBank and SoftBank will no longer have board representation,” Chief Executive Garrett [...]

Continue reading →

Amazon lawsuit blames Trump for loss of Pentagon cloud contract

Amazon lawsuit blames Trump for loss of Pentagon cloud contract

WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) on Monday accused U.S. President Donald Trump of exerting “improper pressure” and bias that led the Department of Defense to award a lucrative $10 billion cloud contract to rival Microsoft Corp (MSFT.O). In a complaint filed in the U.S. Court of Federal Claims, Amazon said Trump launched “repeated public [...]

Continue reading →

Jumia Technologies to suspend Jumia Foods delivery service in Rwanda

Jumia Technologies to suspend Jumia Foods delivery service in Rwanda

NAIROBI (Reuters) – Online retailer Jumia Technologies said on Monday it would suspend food and drinks delivery service Jumia Foods in Rwanda effective Dec. 9. The suspension comes after Jumia said it had shut its e-commerce business in Tanzania in late November, and in Cameroon in the middle of the same month. “We have made [...]

Continue reading →