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Tuesday, 27 December 2022

Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving Saudi Arabia's sovereign wealth fund a majority stake in the company (Matthew Field/Telegraph)

Matthew Field / Telegraph:
Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving Saudi Arabia's sovereign wealth fund a majority stake in the company  —  Saudi Arabia has taken control of US augmented reality company Magic Leap, The Telegraph can reveal, as the company taps up investors for a further $450m.



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The UK government will take a £25M stake in Octopus Energy's tech spin-off Kraken, last valued at $8.65B, in an effort to encourage Kraken to list in London (Financial Times)

Financial Times : The UK government will take a £25M stake in Octopus Energy's tech spin-off Kraken, last valued at $8.65B, in an eff...