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  • Trending on the Ticker

  • Tesla’s market cap passes $100M, making it the world’s second most valuable car company; the firm is now placed ahead of Volkswagen which has a market cap of ~$99.6B; Toyota has a valuation of $231.6B - Link

    Update: Elon Musk could receive bonus compensation worth at least $370M if Tesla’s valuation holds, reports The New York Times; if Tesla’s market cap remains at an average of at least $100M over six months, including a consecutive 30-day period, Musk can purchase 1.7B shares - Link

  • VMware ($61.4B market cap) acquires IT analytics firm Nyansa; terms undisclosed; Nyansa offers AI-powered tools for monitoring the performance of Wi-Fi networks; VMware plans to combine Nyansa’s products with its own AIOps products; the deal is expected to close in FQ1 2021; Nyansa raised $27M to date - Link

  • UK-based Busuu acquires fellow language-learning firm Verbling; terms undisclosed; Verbling provides one-to-one video tutoring, offering lessons in more than 50 languages; Verbling CEO Mikael Bernstein and CTO Gustav Rydstedt will join Busuu - Link

  • Serial Productions, the company behind the popular “Serial” podcast, is exploring a sale, according to a source for The Wall Street Journal; the first season of “Serial” has registered more than 300M downloads; The New York Times is among the potential buyers; Serial Productions is owned by host Sarah Koenig, and fellow founders Julie Snyder and Ira Glass - Link

  • Foodtech firm Memphis Meats raises $161M from SoftBank, Norwest, and Temasek; the company is developing tech to create meat derived from animal cells; has raised $180M to date - Link