Tuesday, July 12, 2022

Byju’s yet to close $800M round; govt may quiz FB, Twitter on compliance rate

Fellow edtech giant Unacademy, meanwhile, is giving its founders and top management pay cuts and shutting its global test prep business as it looks to cut costs. Both companies have also laid off hundreds of employees this year.

from Tech-Economic Times https://ift.tt/5O3dLxg

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...