Intel, TPG in early talks to sell McAfee
Private equity firm Thoma Bravo is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said.
Talks are at an early stage and there is no guarantee they will lead to a deal, the source said. The talks were reported earlier by CNBC.
Intel and TPG declined to comment, while Thoma Bravo did not immediately respond to a request for comment.
PG&E seeks 6.4% rate hike in 2020
PG&E Corp said on Thursday it had requested California’s top utilities regulator for a 6.4 per cent rate hike in 2020 to fund its community wildfire safety programme, insurance liabilities, and core gas and electric operations.
The proposal does not request funding for potential lawsuits or claims resulting from the 2017 and 2018 Northern California wildfires, the company said in a filing.
The utility faces regulatory curbs on how much it can charge consumers, restricting its ability to make up for losses through rate hikes.
Pokemon Go maker seeks $3.9B valuation
Niantic, the company behind the popular game Pokemon Go, is looking to catch a $3.9 billion valuation, according to a person familiar with the matter.
The San Francisco-based company is planning to raise at least $200 million in a round led by venture capital firm IVP, said the person, who asked not to be identified because the discussions are private. Samsung Electronics Co and AXiomatic Gaming LLC are also expected to invest.
A spokesman for Niantic declined to comment. Representatives for IVP, Samsung and AXiomatic could not be immediately reached for comment.
Hyperloop startup Arrivo to shut down
A startup named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding,
has reported. Based in Los Angeles, Arrivo Corporation was working to commercialise Hyperloop — a proposed mode of transportation, first used to describe an open-source vactrain design released by a joint team from Elon Muskowned Tesla and SpaceX.