SWFI First Read, August 12, 2017
SoundCloud Gets Lifeline from Temasek and Raine Group
SoundCloud received lifeline capital from Temasek Holdings and Raine Group. SoundCloud is a music streaming service. The company had laid off 40% of its workforce, some 173 employees, in July 2017. It is rumored that the investment totaled €144 million.
Investors Hungry for Tesla Unsecured Bonds
Tesla Inc. (formerly called Tesla Motors) raised US$ 1.8 billion from investors in the form of 8-year unsecured bonds with a yield of 5.3%. The bonds were sold at par.
OMERS Seeks to Sell Husky Injection Molding Systems
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