Wednesday, September 27, 2023

New India CEO to cut Byju’s down to size; eGaming cos mull legal steps after GST shock

Byju’s new India CEO is setting about cleaning house with no stone unturned. Within a week of taking over, Arjun Mohan is planning to merge verticals and prune staff strength by a third – that’s over a whopping 4,500 jobs - to rein in costs. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times https://ift.tt/k3H5nWN

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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-...