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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’t yet finalized, it’s possible the talks could collapse. A representative for Virtuoso declined t...
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... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to:
POLITICO Get the POLITICO Influence newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. With Daniel Lippman and Steven Overly IRANIAN SCHOLAR CHARGED WITH VIOLATING FARA: The Justice Department announced today it has arrested an Iranian political scientist and scholar for acting as an unregistered agent of the Islamic Republi...