Luminar’s Founder Seeks Control in Surprise Buyback Bid Following Ethics Probe
Russell’s Unexpected Move to Reclaim Leadership Austin Russell, the billionaire founder who was replaced as Luminar’s CEO just five months…
Category: Startups
Bain Capital Ventures Backs Aboon’s $17.5M Seed Round to Transform Small Business Retirement Planning
In a significant move for the financial technology sector, Aboon has secured a $17.5 million seed funding round led by…
Global HR Platform Deel Secures $300M Series E, Reaches $17.3B Valuation Amid Industry Competition
In a significant show of confidence from top-tier investors, global HR and payroll platform Deel has secured $300 million in…
EA Union Workers Protest $55 Billion Saudi-Backed Acquisition Over Job Security Concerns
Electronic Arts union members have issued a strongly-worded statement against the proposed $55 billion acquisition by Saudi-backed investors. Workers claim they were excluded from negotiations despite driving the company’s success and fear job losses to “pad investors’ pockets.”
Unionized EA Workers Voice Strong Opposition to Acquisition Deal
Employees at Electronic Arts who are part of the Communications Workers of America union have issued a strongly-worded statement opposing the proposed $55 billion acquisition of the company by Saudi-backed investors, according to reports. The primary complaint centers around workers not being represented in negotiations for the massive deal, sources indicate.