Hyundai is acquiring a stake in a legendary robotics company, Twitter is acquiring a screen sharing startup, and we're rounding up some security gift ideas. This is your daily crisis for December 11th, 2020.
The big story: Hyundai acquires 80% of the shares in Boston Robotics
Boston Robotics is behind a number of impressive robots, including the dog-like four-legged spot. The company has changed several times in the past ten years. Google acquired it in 2013 and sold it to Japanese investment giant SoftBank in 2017.
Following today's deal, which valued Boston Robotics at $ 1.1 billion and is subject to regulatory approval, SoftBank will continue to own a 20% stake.
"Boston Dynamics will benefit significantly from new capital, new technology, connected customers and global market reach of the Hyundai Motor Group and improve the commercialization opportunities for its robotic products, "Hyundai said in a press release.
The technology giants
Twitter Acquires Squad Sharing Social App Squad – The Entire Squad Team Joins Twitter As The Squad App Shuts Down Tomorrow.
Europe is pushing to block Google Fitbit from a major overhaul of digital policy – Shoshana Zuboff, the Harvard professor who wrote the defining book on surveillance capitalism, is the latest to vote against the $ 2.1 billion Deal was raised.
The Twitter app code indicates that the Periscope live video broadcast app may shut down. When Periscope shuts down, a five year run ends.
Startups, Financing and Venture Capital
Gorillas, the on-demand grocery delivery startup that is taking Berlin by storm, has raised $ 44 million for Serie A. Gorillas deliver food in an average of 10 minutes.
Sweden's Tink raises $ 103 million as its open banking platform grows to 3,400 banks and 250 million customers. Tink combines a number of banking and financial services via an API.
Benchmark fills out his bank with Miles Grimshaw – From his position as general partner at Thrive in New York, Grimshaw has done business in Lattice, Mapbox, Benchling and Airtable.
Advice and analysis of extra crunch
Cloud gaming platforms were the most overhyped trend of 2020 – the future of technology is bright, but a lot less sexy.
General Catalyst's Katherine Boyle and Peter Boyce are looking for “obsessive” founders. We sat down with Boyle and Boyce to discuss what they are looking for in founders, which industries they are most excited about, and how business has changed in the wake of the COVID-19 pandemic.
What to expect from fundraising in 2021 – DocSend CEO Russ Heddleston looks to a post-pandemic future.
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Gift Guide: 9 Safety and Privacy Gifts to Help Protect Your Friends and Family – It's a good time to evaluate how you're protecting your privacy and help others in your life do the same.
Disney + has plans for 10 Marvel shows and 10 Star Wars shows over the next few years – The company announced an ambitious list of streaming originals.
Gift Extra Crunch for 25% Off – When you talk about Extra Crunch, TechCrunch readers can send an annual membership as a gift to a friend, family member or colleague for 25% off.
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