Venture

Alkaline Fuel Cell Power Corp. Announces Letter of Intent for Joint Venture with AmmPower Corp. for Fuel Cell Generator Pilot Using Green Ammonia

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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Publishing date: Nov 22, 2022  •  0 minutes ago  •  7 minute read … Read more

Toyota-Panasonic’s Battery Venture Looking for New Coastal Site

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Breadcrumb Trail Links PMN Business Prime Planet Energy & Solutions Inc., the battery joint venture of Toyota Motor Corp. and Panasonic Holdings Corp., is searching for a new domestic manufacturing site with sea port and clean energy access as it expands to keep up with consumer demand for electric vehicles, President Hiroaki Koda said in … Read more

Sony-Honda venture plans to tap entertainment prowess for its electric cars

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Sony and Honda plan to use music, movies and the PlayStation 5 to take on Tesla and the rest of the automotive industry by developing an electric car built around a premium entertainment experience. The heads of Sony Honda Mobility, which was established in September and has yet to choose a brand name, told the … Read more

Ontario Teachers’ Pension Plan is latest FTX investor to mark venture investment to zero

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It’s relatively rare for an institutional investor to make a public statement about a loss on a venture-capital investment, but nothing about FTX International’s $32 billion blow-up and bankruptcy is normal. Citing recent reports about potential fraud at FTX, Ontario Teachers’ Pension Plan said the development “is deeply concerning for all parties” and that it … Read more

This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?

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The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The crypto market has been experiencing massive downward performance as prices of assets kept declining. Hence, the overall value is far … Read more

PoC Studios, Atomatik Content Form Joint Venture – Deadline

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EXCLUSIVE: Labid Aziz’s People of Culture Studios has entered into a joint venture with Adel Nur’s management and production company Atomik Content to co-manage talent and develop, produce and distribute features, TV series and hybrid projects with a focus on elevated action films. The first talent signed through the JV is Professional Fighters League Founder … Read more

Vendry Uses Venture Investment on New Platform

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Event-management startup The Vendry will launch its new venue and vendor sourcing platform The Vendry Pro on Nov. 30, the company announced Wednesday.  Vendry secured $6.5 million from New York City venture firms to create and launch the new platform, according to the company. The new platform provides request-for-proposals tools, a venue and vendor marketplace, … Read more

Ex-Turner Networks Boss David Levy To Co-Lead Sports Marketing Venture At Horizon Media – Deadline

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David Levy, the former longtime president of Turner Networks, on Monday was been named co-CEO and equity partner in Horizon Sports & Experiences, a newly launched marketing agency under brand giant Horizon Media. Levy, also the founder of Back Nine Ventures Llc, will team with former Momentum Worldwide chair and CEO Chris Weil on the … Read more

FTX’s stunning collapse nothing like Theranos, says venture investor and crypto bull Tim Draper

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Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in a conversation with MarketWatch. “It’s not like Theranos,” he said. In a Friday phone interview, Draper said he hadn’t been aware of anyone genuinely comparing … Read more

Brookfield quits insurer’s board in dispute over Josh Harris’s venture

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An important financial backer of billionaire Josh Harris’s new asset management venture has received a rare public rebuke from Brookfield Asset Management, which complained that AEL, a life insurance company, should not be committing funds to a start-up. Shares of the Iowa-based annuities seller plunged 21 per cent after Brookfield, its largest shareholder, expressed dissatisfaction … Read more