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Grab's US$34bil SPAC deal puts South-East Asia tech on the map


JAKARTA, April 12 (Bloomberg): Grab Holdings Inc and Traveloka are poised to become public companies in coming months, kickstarting a coming-out party for South-East Asia’s long-overlooked internet scene.
Grab will this week unveil a listing via a US blank-check company that’s drawn backers from T. Rowe Price to Temasek Holdings Pte and values the ride-hailing giant at more than US$34 billion, people familiar with the matter said, in the largest-ever deal of its kind.
Indonesia’s Traveloka will follow suit, listing at a valuation of about US$5 billion via a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel, other people with knowledge of the matter said. Terms on both deals could still change, the people said. ....

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Wisk Aero Sues Archer Aviation for Theft of Trade Secrets and Patent Infringement


Wisk Aero Sues Archer Aviation for Theft of Trade Secrets and Patent Infringement
Lawsuit follows discovery of suspicious file downloads and Archer s recent public disclosures
Seeks injunction halting use of Wisk s IP and other remedies against Archer
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MOUNTAIN VIEW, Calif., April 6, 2021 /PRNewswire/ Wisk Aero LLC ( Wisk ), the first Urban Air Mobility (UAM) company to design, build and fly an all-electric, self-flying air taxi in the U.S., today filed a lawsuit against Archer Aviation Inc. ( Archer ). The lawsuit alleges that Archer s business is built on intellectual property that is not its own and brings claims for trade secret misappropriation and patent infringement. ....

San Francisco Bay , United States , New Zealand , Trademark Office , Prnewswire Wisk Aero , Kitty Hawk Corporation , Atlas Crest Corporation , Archer Aviation Inc , Wisk Aero , Urban Air Mobility , Archer Aviation , Northern District , Atlas Crest , San Francisco Bay Area , Boeing Company , Kitty Hawk , சான் பிரான்சிஸ்கோ வளைகுடா , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , முத்திரை அலுவலகம் , கிட்டி பருந்து நிறுவனம் , அட்லஸ் முகடு நிறுவனம் , வில்லாளன் விமான போக்குவரத்து இன்க் , விருப்பம் வான ஊர்தி , நகர்ப்புற அேக இயக்கம் , வில்லாளன் விமான போக்குவரத்து ,