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Qatar Holding, Dubai’s VyCapital & Binance support Elon Musk in buying Twitter

by WAYA Staff - May 8, 2022
Qatar Holding, Dubai’s VyCapital & Binance support Elon Musk in buying Twitter

Earlier last month, Twitter announced that it is in talks into an agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion.

A US Securities and Exchange Commission filing showed a list of equity investors listed by Elon Musk to contribute in the Twitter $44 billion deal. The investors include VyCapital, Qatar Holding, Binance, Sequoia and Oracle CEO Larry Ellison.

According to the US Securities and Exchange Commission filing, Qatar Holding is contributing $375 million and VyCapital, Dubai-based internet related investments firm, is contributing pledged $700 million in addition to Binance’s $500 million contribution to Musk’s $44 billion deal.

Read more: Elon moves to acquire Twitter for $44 billion, but what’s next?

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Canada’s Magnet Forensics acquires UAE’s Comae Technologies

by WAYA Staff - May 8, 2022
Canada’s Magnet Forensics acquires UAE’s Comae Technologies

Magnet Forensics, Canada-based developer of digital investigation solutions for enterprises and public safety organizations, acquired UAE’s Comae Technologies, a cybersecurity firm that specializes in incident response and memory analysis. Founded in 2016 by Matt Suiche, Comae Technologies is a cybersecurity...

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Fine Diner raises $150k in a Seed round

by WAYA Staff - May 8, 2022
Fine Diner raises $150k in a Seed round

Fine Diner, Dubai-based food delivery company, raised $150k in a Seed funding round. Founded in 2019, Fine Diner is a B2B2C platform that leverages and utilises the spare capacity in fully equipped and under-utilised kitchens allowing them to host third-party...

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Swvl acquires UK’s Zeelo in a $100 million deal

by WAYA Staff - May 8, 2022
Swvl acquires UK’s Zeelo in a $100 million deal

Swvl, global provider of transformative tech-enabled mass transit solutions, acquired Zeelo, smart bus platform and technology scale-up. Egypt’s Swvl, who provides transportation services for intercity and intracity trips, also recently acquired Turkey’s Volt Lines and went public on Nasdaq through a SPAC. “Swvl...

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Goldman Sachs to launch OTC Ether Options Trading

by Mirette Osama - May 3, 2022
Goldman Sachs to launch OTC Ether Options Trading

In response to growing interest in the market, Goldman Sachs is planning to launch over-the-counter Ether options trading for its UAE clients as it heads towards a POS model, a practice which involves large transactions for even higher yields. Ether,...

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Crypto exchange Kraken is set to launch in the UAE

by WAYA Staff - Apr 30, 2022
<strong>Crypto exchange Kraken is set to launch in the UAE</strong>

Kraken, one of the world’s largest cryptocurrency exchanges and home to more than nine million users in 60 countries, has been granted a full financial licence to operate in the UAE by Abu Dhabi Global Market (ADGM), the largest regulated...

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Dubai’s real estate developer Damac to accept cryptocurrencies

by WAYA Staff - Apr 28, 2022
Dubai’s real estate developer Damac to accept cryptocurrencies

Damac Properties, real estate developer, announced that it would sell property against cryptocurrencies Bitcoin and Ethereum. The Dubai-based company said in a statement that facilitating the purchase of property through cryptocurrency will revolutionise the future of real estate and provide...

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Jordan’s SaaS platform Repzo raises $1.4m in a bridge round

by WAYA Staff - Apr 28, 2022
Jordan’s SaaS platform Repzo raises $1.4m in a bridge round

Repzo, Jordan-based SaaS sales force automation platform, raised $1.4 million in a bridge round. The funding round was led by the Arab Palestinian Investment Company (APIC), Jabbar Internet Group, Ahli Fintech, Arzan VC, Shorooq Partners, Adamtech Ventures and a group of angel...

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