Twitter wants a court to order Elon Musk to buy the social media service for $44 billion. But what if a judge makes that ruling and Musk balks?
Naver, the South Korean search giant, today announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly-traded Poshmark's shares at $17.90 -- a 15% premium over today's closing price -- and the companies expect it to close by Q1 2023, subject to approval by Poshmark stockholders and "the satisfaction of certain other customary closing conditions." If the transaction goes through, Poshmark will become a standalone subsidiary of Naver led by CEO Manish Chandra and Poshmark’s current management team.
John Curtius, the prolific Tiger Global senior partner who has been at the center of some of the firm's biggest deals in the last several years, is leaving the firm, TechCrunch has learned. The Tiger Global quarterly investor letter that it sent out earlier today also confirms the news. "We are grateful for all his contributions to Tiger Global and have appreciated his work ethic and intellect," it said.