Lensrentals acquires BorrowLenses

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Lensrentals, a prominent player in the online rental service for photo, video, audio, and lighting equipment, has made an exclusive acquisition of BorrowLenses, a significant competitor in the realm of photographic and video equipment rentals, as revealed by TechCrunch. In a commodity market characterized by fierce competition, neither brand holds a distinct advantage over the other. While the terms of the deal remain undisclosed, a source familiar with the matter suggests it is likely an all-cash acquisition. Devamını Oku

Camshaft alleges that a unit of Byju’s is the beneficial owner of $533 million in funds

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In court filings this week, Camshaft revealed that the $533 million it managed for Byju’s Alpha, a U.S. unit of the Indian edtech group Byju’s, was transferred to another 100% U.S.-based subsidiary of Byju’s. This disclosure contradicts allegations that the Indian firm utilized the services of the wealth manager to divert funds. Devamını Oku

The EU is now scrutinizing Meta’s ‘pay or be tracked’ consent model

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Meta’s contentious “pay or be tracked” choice for users in the European Union has drawn scrutiny from the European Commission. Today, the bloc announced that it has issued a formal request for information (RFI) under the Digital Services Act (DSA) to Meta, the owner of Facebook and Instagram. The request seeks more details on the “Subscription for no Ads options” provided to regional users of these social networks. Devamını Oku