Page 44 - Eric Wu News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Listings With the M&A market for listings services heating up, eyeballs are worth a lot more than they used to be. CoStar bought national search portal Homesnap for $250 million in November, pitting the CRE data giant against Zillow, Realtor.com and others in the residential game. CoStar also tried to buy CoreLogic and RentPath these past few months but failed in part due to scrutiny from the Federal Trade Commission. But CoStar’s loss was Redfin’s gain: The real estate brokerage nabbed RentPath for $608 million in cash in April, expanding its presence in the rental market and bringing ...

Cohere raises $3.1 million for its remote control solution for web apps Existing remote desktop solutions like LogMeIn and TeamViewer can be complicated to set up and use, and can feel dated. A new startup called Cohere, now backed by $3.1 million in seed funding, aims to improve on the remote desktop and screen-sharing experience. With Cohere’s technology, businesses can help customers in seconds by taking instant control of their screen without any downloads or setup on the customer’s end. That ease-of-use has already gained the startup over 50 paying customers for its product, includin...

SPACs, or special purpose acquisition companies, allow companies to go public outside the traditional IPO process. The increase in SPACs and traditional IPOs could be lucrative for the PR industry as target companies, which often don't have their own investors relations division, call on public relations pros to put their business model in the best light. ICR CEO Tom Ryan said that his firm's annual revenue increased by 20% year-over-year to $106 million in 2020 due to its work on SPACs. One of the best known IPO players, ICR advised on more than 50 SPAC ...

Zillow and Opendoor lost $1.2 billion buying and selling homes over the past two years, according to a report from Mike DelPrete.

Samantha Lee/Insider SPACs are taking real-estate tech companies public, and real-estate companies are raising SPACs. It's partly timing: Proptech companies are maturing at the same time as the SPAC boom. VCs said proptech, which brings new business models to an ancient industry, is well suited to SPACs. Between 2020 and 2021, almost 500 special purpose acquisition companies were filed. In 2019, there were only 59. This tidal wave is due to a combination of low interest rates, big public-market valuations, and large financial incentives for ...