carrier or modem systems to accommodate remote ATMs), a communications facility
Netflix offered to pay $27.75 per share in cash, sweetening its offer from the initial bid, which proposed a mix of cash and shares in the new company.
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The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.
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OpenAI-powered assistant will help to ‘understand overall service patterns’, company says, as move sparks backlash