Lyft Agrees to $272.5 Million Settlement in California Driver Classification Lawsuit
Ride-hailing giant Lyft has agreed to pay $272.5 million to resolve a high-profile lawsuit accusing the company of violating California law by misclassifying its drivers as independent contractors rather than…
Ynon Kreiz Gets $31.5 Million Signing Bonus In Five-Year Paramount-Warner Bros. Deal
According to the legal documents filed with federal regulators, Kreiz is slated to receive a base salary of $5 million once the monumental Warner Bros. Discovery deal officially closes. This…
1-800-Flowers Sells PersonalizationMall.com to PlanetArt for $45 Million in Major Portfolio Shift
In a massive valuation drop that underscores shifting retail landscapes and corporate streamlining, 1-800-Flowers.com has agreed to sell PersonalizationMall.com to e-commerce firm PlanetArt for $45 million. The transaction marks a…
Alberta Government to Introduce Tough New Anti-Dumping Legislation with Fines Reaching $1 Million and Potential Jail Time
EDMONTON — In a bid to curb what provincial officials describe as a rapidly escalating environmental and financial nuisance, Premier Danielle Smith announced Wednesday that the Alberta government will introduce…
Tyler Perry Lists His 23-Acre California Megamanse for $57 Million Amid Plans to Relocate to Puerto Rico
Entertainment mogul Tyler Perry is known for going big—with the drama in his expansive franchises, with the staggering volume of entertainment projects he takes on, and with his exceptionally massive…
Flow Engineering Secures $50 Million Series B at $750 Million Valuation to Accelerate AI-Powered Hardware Design
Flow Engineering, an innovative startup dedicated to bringing the speed and agility of software development into the physical realm of hardware engineering, has successfully raised a $50 million Series B…
AI Startup EliseAI Secures $350 Million in Funding at a $4 Billion Valuation to Expand Housing and Healthcare Operations
In a monumental development for the enterprise artificial intelligence sector, EliseAI announced on Tuesday that it has successfully raised $350 million in a new funding round. The massive capital injection…
Modal Labs Nears $750 Million Funding Round at $15.75 Billion Valuation Amid Soaring AI Inference Demand
AI inference infrastructure provider Modal Labs is rapidly closing in on a massive $750 million funding round led by Accel. According to a source with direct knowledge of the negotiations,…
The NHL’s Exploding Salary Cap: Are We Heading Toward the First $30-Million Player?
With a fresh forecast projecting the NHL’s salary cap to surge dramatically over the next two years, the landscape of professional hockey finance is shifting at an unprecedented pace. It…
Angelina Jolie Sells Historic Los Angeles Estate for $24.75 Million as She Prepares to Leave the City
Oscar-winning actor Angelina Jolie has officially parted ways with her sprawling Los Angeles compound, selling the historic property for $24.75 million. The sale comes just months after the star listed…