We hereby present the following courtesy the Team at the Information that is a must read for us:
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| | Covid Test Startup Cue Health in Talks for $2 Billion-Plus Valuation | By Kate Clark | Cue Health, a startup that makes handheld coronavirus tests, is in discussion with investors about a new round of capital that could boost the company’s valuation to more than $2 billion, or at least four times the valuation in a fundraising just six months ago, according to two people familiar with the discussions. The San Diego startup’s molecular diagnostic technology delivers test results to its accompanying mobile app in as little as 20 minutes, leading to deals with the Defense Department and the National Basketball Association. The new capital would help it expand manufacturing of its test cartridges as coronavirus deaths in the U.S. surge. Cue’s quick pace of capital raising is the latest sign of an investor stampede toward startups whose business has accelerated during the pandemic. | |
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| | WarnerMedia Considering CNN Streaming Service | By Jessica Toonkel | AT&T’s WarnerMedia, long a giant in cable TV, was a late arrival to streaming video. Under its new CEO, Jason Kilar, Warner is trying to make up for lost time. Warner executives are discussing launching two new streaming services. One would be a subscription offering based on content from CNN and could launch next year. Another would be a free service carrying programming from its entertainment cable channels TBS and TNT as well as the Warner Bros. film library, said people familiar with the situation. The free entertainment service is very early in the planning and likely wouldn’t launch until 2022, if at all. The two possible services would be in addition to HBO Max, WarnerMedia’s flagship streaming service, which launched last May, and a forthcoming ad-supported version of HBO Max that the company has said will launch next year. | |
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