Understory’s new funding, which it hopes to use to double headcount, comes from Madison’s 4490 Ventures, and the Rise of the Rest Seed Fund.Read More
Tag: $7.5
Microsoft confirms it will acquire GitHub for $7.5 billion
The rumors were true: Microsoft has confirmed it’s buying GitHub for a whopping $ 7.5 billion in an all-stock transaction. Reports first emerged last week that Microsoft was in advanced discussions to acquire the code-hosting repository, and these reports intensified over the weekend. Now we know for sure. According to Microsoft, GitHub will a…Read More
Walmart might have to pay an Army veteran $7.5 million after he broke his hip while buying a watermelon
Joe Raedle/Getty A 59-year-old Army veteran sued Walmart after breaking his hip after getting his foot caught in one of the store’s displays. A jury awarded him $ 7.5 million on Thursday. Walmart plans to appeal the ruling. Henry Walker, a 59-year-old Army veteran, might be awarded $ 7.5 million after he broke a […]
How Lyft’s John Zimmer went from sleeping on a couch and eating frozen Trader Joe’s meals to running a $7.5 billion company
Samantha Lee/Business Insider Mike Blake/Reuters John Zimmer is the cofounder and president of the ride-hailing service Lyft. Lyft was founded in 2012 and has faced a fierce competitor in Uber since the beginning. In the past year, Uber has come under fire for a series of missteps while Lyft has maintained its “nice guy” image. […]
$7.5 billion Kemper power plant suspends coal gasification
Enlarge / Heavy equipment works in the lignite coal mine adjacent to Southern Co.’s Kemper County power plant near Meridian, Mississippi, U.S., on Tuesday, Feb. 25, 2014. Photographer: Gary Tramontina/Bloomberg via Getty Images (credit: Getty Images) Southern Company and Mississippi Power announced Wednesday afternoon that they would suspend all coal gasification operations at a Kemper […]
Regulators suggest $7.5 billion coal gasifier facility give up, burn natural gas
Enlarge / Cranes stand at the construction site for Southern Co.’s Kemper County power plant near Meridian, Mississippi, U.S., on Tuesday, Feb. 25, 2014. Photographer: Gary Tramontina/Bloomberg via Getty Images (credit: Getty Images) A coal gasification plant in development in Mississippi is more than $ 4 billion over budget and years past deadline—and now it may have […]
GoTenna raises $7.5 million to enable off-the-grid communications on your smartphone
Satellite-powered phones are often clunky, expensive, and, well, dependent on satellite connection. GoTenna wants to bring off-the-grid text and GPS communication to your smartphone. No cell service? No Wi-Fi? No problem. The Brooklyn-based startup today announced funding of $ 7.5 million, led by Union Square Ventures. GoTenna’s USB key-type device works using Bluetooth low-energy (LE), […]
What Panera Gets From Its $7.5 Billion Sale
After speculation during the first half of the week, Panera Bread Company, a fast casual chain, announced on Wednesday that JAB Holdings Company, a German conglomerate, would purchase it for roughly $ 7.5 billion. JAB’s reasoning seems staightforward enough: the company has been snapping up coffee chains in the U.S. including Krispy Kreme, Peet’s Coffee […]
A European company you’ve never heard of is buying Panera Bread for $7.5 billion (PNRA, DNKN)
Hollis Johnson (Reuters) – JAB Holdings, the owner of Caribou Coffee and Peet’s Coffee & Tea, said on Wednesday it would buy U.S. bakery chain Panera Bread Co in a deal valued at about $ 7.5 billion, including debt, as it expands its coffee and breakfast empire. JAB Holdings offered $ 315 in cash per […]
