OneWeb files for bankruptcy after failing to secure new funding amid COVID-19 crisis; sources: OneWeb was in talks to raise ~$2B from SoftBank before the crisis (Financial Times)

Financial Times:
OneWeb files for bankruptcy after failing to secure new funding amid COVID-19 crisis; sources: OneWeb was in talks to raise ~$2B from SoftBank before the crisis  —  Start-up that wanted to beam broadband internet from space had raised $3bn from investors  —  OneWeb, the satellite internet start-up …



from Techmeme https://ift.tt/2wLLs1t

Comments

Popular posts from this blog

Microsoft says it has no plans to add more backward compatible titles for Xbox One, but says Project Scarlett will run games from all four Xbox generations (Tom Warren/The Verge)

Tencent-backed Chinese online education startup Huohua Siwei, which offers K-12 math and science courses, closes its $400M Series E at a $1.5B valuation (Emma Lee/TechNode)

SetSail raises $26M Series A for its service that recommends when to pay salespeople, by monitoring the progress of sales across CRM, email, and other systems (Ron Miller/TechCrunch)