Snapchat Files for IPO; Company’s Value is Predicted to Reach $25 Billion
Snap Inc. the maker of Snapchat filed an IPO to begin trading its shares in the stock market on Thursday, Feb. 2. The listing is expected to start in March.
Business
Facebook subsidiaries is ordered to pay $500 million in the software infringement lawsuit involving its subsidiaries Oculus VR. The jury in Texas found the company violated non disclosure agreement with game developer ZeniMax.
Animation studios have reached the deal with animation workers to end the anti trust lawsuit. The studios agree to pay the $100 million settlement to animation and visual effect workers.
Deutsche Bank was fined by financial authority in U.S. and U.K. for allegedly helping $10 billion money laundering out of Russia. In New York, the financial regulator impose $425 million fine to the biggest German bank.
More News
