Financials / Deals


News Corp. Q2 revenue up 21%

News Corp. Q2 revenue up 21%

News Corp. reports a 24 percent jump in quarterly revenue, including significant growth in its digital real estate revenue. News Corp. owns both Move Inc., parent company of Realtor.com, and REA Group, the Australia-based real estate company.


Mercari incurs $33M operating loss

Mercari incurs $33M operating loss

Japanese flea market operator Mercari Inc. incurred an operating loss of ¥3.6 billion ($33 million U.S.) for the six months ended Dec. 31, 2018, as it continued its advertising spree to attract buyers. The company did not prepare financial statements for the corresponding period a year earlier.

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Cluno closes $28M Series B round

Cluno closes $28M Series B round

Digital car subscription start-up Cluno has raised $28 million from Valar Ventures, the company announced. Existing investors Acton Capital Partners and Atlantic Labs also participated in the Series B round. The two invested €7 million ($8 million U.S.) in the business in April 2018.



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