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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. billion, Bloomberg reported. but that is not involved in the deal with Paysafe, Bloomberg reported. II SPAC raised $1.47

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10 Weekend Reads

Barry Ritholtz

Bloomberg ) Be sure to check out our Masters in Business next week with Michael Carmen , who is the Co-Head of Private Markets at Wellington Management. Bloomberg ) Be sure to check out our Masters in Business next week with Michael Carmen , who is the Co-Head of Private Markets at Wellington Management.

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Apple Buys Spain's Vilynx For $50M To Use AI On Apps

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Apple has acquired Barcelona's Vilynx , which works in advanced artificial intelligence that could boost the iPhone's AI across various devices, Bloomberg reports. Apple acquired Vilynx earlier this year, according to people familiar with the issue, Bloomberg reports. Tags are created, which helps the video become searchable.

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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. Bloomberg ) see also How Much is the Rule of Law Worth to Markets? Maybe they should try turning the whole thing on and off.

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Apple Pushes Toward Redesigned iPhone Release

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According to a Bloomberg News report, Apple plans to offer redesigned top-tier iPhones that will upgrade the iPhone 11 Pro and iPhone 11 Pro Max. Apple’s annual release of new products is highly anticipated — but difficult to predict in terms of timing and the extent of the changes the company makes.

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Facebook Moves Toward Combining Messenger, Instagram Chat

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Facebook is moving to merge messaging systems so mobile app users can chat across all channels, Bloomberg reported Wednesday (Aug. The goal is to have Instagram ’s chat feature use Facebook Messenger ’s technology, so Instagram users can communicate with those using Messenger, people familiar with the matter told Bloomberg.

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Musk: ‘Time To Break Up Amazon’

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Bloomberg reported that the statement will escalate a feud between Musk and Amazon CEO Jeff Bezos , whom Musk tagged in the tweet. Musk has more than 35 million Twitter followers and has caught criticism often over his posts on subjects like the coronavirus pandemic and Tesla stock Bloomberg reported.