Industry News Update – Week of 12/4/2017

Last week, Xiaomi held discussions with investment banks to go public next year in Hong Kong with a $50 billion valuation.

WeWork and Dropbox acquired companies to enhance their products. WeWork bought Meetup, an online portal that allows people that have similar interests to join groups, to increase the scope of its product to allow people outside of work to connect. Dropbox acquired Verst, a website publisher, to further develop its product offering.

Softbank made a tender offer to buy Uber's shares at a $48 billion valuation which represents a 30% discount to the last round.

The news articles and links presented below are available for your reference.

DROPBOX

“Dropbox Acquires Verst Team, Publishing Platform Will Shut Down on Dec. 21"

UBER

“SoftBank Is Said to Offer to Buy Uber Shares at a Steep Discount"

WEWORK

"WeWork Buys Meetup to Bring People Together Outside of Work”

Xiaomi

"Xiaomi Seeks Valuation of at Least $50 Billion in IPO"