Wejo Ltd News Today

All global employees of Wejo Group have been made redundant as of July 10, 2023, according to a Q&A circulated to non-UK employees by administrators Leonard Curtis last week.

Manchester-headquartered Wejo was valued at $800bn at time of November 2021 flotation.

BLOOMBERG Wejo Ltd., the British automotive-data startup backed by General Motors, is in talks to go public through a merger with Virtuoso Acquisition Corp., a blank-check firm, people with knowledge of the matter said. Virtuoso is seeking to raise new equity to support a transaction with a combined enterprise value of more than $1 billion, according to one of the people, who asked not to be identified discussing private negotiations. Terms could change and, as with all transactions that aren�...

With a family of five and a vehicle per person, Scott Fosgard is not always aware when his daughter needs her tires rotated. Delphi Automotive PLC (NYSE: DLPH), a tier-one supplier, smells an opportunity here — a $750 billion opportunity by some estimates. What if Fosgard could share family... Read More... Dont Miss Any Updates! News Directly in Your Inbox Subscribe to:

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