• Musical.ly investor bets on internet radio with $17M deal for Korea's Spoon Radio

    9 days ago - By TechCrunch

    One of the early backers of Musical.ly, the short video app that was acquired for $1 billion , is making a major bet that internet radio is one of the next big trends in media.
    Goodwater Capital, one of a number of backers that won big when ByteDance acquired Musical.ly last year, has joined forces with Korean duo Softbank Ventures and KB Investment to invest $17 million into Korea's Spoon Radio. The deal is a Series B for parent company Mykoon, which operates Spoon Radio and previously developed an unsuccessful smartphone battery sharing service.
    That's much like Musical.ly, which...
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  • Investors are pulling billion of dollars out of Europe - and Britain is one of the worst hit

    Investors are pulling billion of dollars out of Europe - and Britain is one of the worst hit

    9 days ago - By Business Insider

    Investors have pulled $35 billion from European equities this year and $51 billion from European funds, according to Barclays data.
    UK funds have seen outflows of over 6% of assets under management since the Brexit vote.
    LONDON - Global investors are fleeing Europe in droves, according to Barclays.
    Analyst Magesh Kumar Chandrasekaran and the European Equity Strategy team at the investment bank said in a note sent to clients on Thursday that billions have been pulled from European stock markets and funds in 2018.
    Europe has seen the highest equity outflows so far this year of any major...
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