AXS and TikTok Join Forces to Offer Global Ticket Sales for Live Events

Tiktok said today that it has partnered with ticketing company AXS to sell tickets for events worldwide. Users in these regions can tap on the events highlighted in videos or on artists’ profiles to buy tickets through AXS. TikTok had signed a similar deal with Ticketmaster for U.S.-based events in 2022, and expanded the partnership in 2023 to sell tickets in 20 more countries. The short-video platform said it will let certified artists promote their live events by adding AXS event links to their videos, and sell tickets via an in-app ticketing feature. Last October, TikTok onboarded as a partner to sell passes for its first live music event.

“Nearing a $500M Agreement: Noname Security, the API Startup, to be Acquired by Akamai”

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Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $500 million, according to a person familiar with the deal. Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto but has Israeli roots. The startup raised $220 million from venture investors and was last valued at $1 billion in December 2021 when it raised $135 million in a Series C led by Georgian and Lightspeed. While the sale price is a significant discount from that valuation, the deal as it currently stands would be for cash, the person said. In February, Israeli news outlet Calcalist reported that Noname was in negotiations with several potential buyers, including Akamai.

An Epic Adventure: Dungeons & Dragons Live at Madison Square Garden – Don’t Miss Out!

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They can both sell out Madison Square Garden (… and also, their fans kind of hate Ticketmaster now). Dropout’s Dungeons & Dragons actual play show, Dimension 20, is getting pretty close to selling out a 19,000-seat venue just hours after ticket sales opened to the general public. When I was playing D&D in the early eighties, I would have never believed that there was a future where people would watch live D&D at Madison Square Garden. About an hour after the Madison Square Garden tickets went on sale, the few dozen upper bowl tickets left were $800. Creators can sell out Madison Square Garden.

“Opportunities Abound: Cendana and Kline Hill Secure $105M to Acquire Stakes in Seed VC Funds from LPs Seeking to Sell”

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Cendana, Kline Hill have a fresh $105M to buy stakes in seed VC funds from LPs looking to sellIf you ask investors to name the biggest challenge for venture capital today, you’ll likely get a near-unanimous answer: lack of liquidity. Cash-hungry venture investors, whether VCs themselves or their limited partners are increasingly looking to sell their illiquid positions to secondary buyers. “We simply passed the hat around to our existing LPS at Kline Hill and Cendana,” said Kim. It then passes these opportunities to Kline Hill, which values, underwrites and negotiates the transaction price. Traditional secondary investors, such as Lexington Partners and Blackstone, recently raised their largest secondary funds ever.

“Silent Debut: Amazon Introduces Bazaar for Quick Fashion and Lifestyle Offerings in India”

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Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products, as it ramps up efforts against Walmart-owned Flipkart and Reliance’s Ajio, which have made deeper inroads in the Indian fast-fashion market. “India e-commerce category mix is changing; Mobiles and Consumer electronics share is declining. Fashion has seen the strongest growth since FY19, and now holds the highest category share,” Bernstein analysts wrote in a note last month. India is a key overseas market for Amazon, which has invested more than $11 billion in the country to date. The fast-fashion e-commerce market has gained significant traction in India in recent years, with local startups drawing inspiration from global pioneers like Zara, H&M, and Uniqlo.

“Truth Social SPAC: Covering Trump’s Exorbitant Legal Expenses Pending Board Approval”

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Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. And that’s without reckoning with the questionable success of Truth Social, the partisan social network hurriedly stood up after the former President was booted from Twitter. TMTG reportedly had a net loss of around $49 million in 2023, on revenues of under $4 million — not exactly hot numbers. There’s no doubt that many, many shareholders in the newly public TMTG will sell their shares as soon as possible. But if Trump wanted to finance his current liabilities, he’d have to sell some 12 million shares at the current price — around 15% of his total stake.

Panic Among Adult Artists as Gumroad Bans Most NSFW Art

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For creators who sell adult art, like explicit comic books or lewd cosplay photos, these sudden policy changes can be detrimental, resulting in an unforeseen loss of income. It’s ongoing.”This decision won’t be good for Gumroad’s business, either: The platform keeps a 10% cut of every sale, and adult content is popular on the platform. Patreon also updated its adult content guidelines this week to more precisely define what is allowed on the site. Adult creators don’t see this timing as coincidental. “I don’t know what to do next, personally, for my content,” Sleepingirl said.

Unauthorized SpaceX Files Reveal Stock Prohibition for Employees Found Guilty of Misconduct

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Leaked SpaceX documents show company forbids employees to sell stock if it deems they’ve misbehaved 'An act of dishonesty against the company' is among the violations citedSpaceX requires employees to agree to some unusual terms related to their stock awards, which have a chilling effect on staff, according to sources and internal documents viewed by TechCrunch. Employees pay taxes on their sharesLike most tech companies, SpaceX includes stock options and restricted stock units (RSUs) as part of its compensation package to attract top talent. Unlike stock in public companies, stock in private companies cannot be sold without the company’s permission. Yet no employee at startups and private companies are entitled to sell their stock. Like other private companies, its stock is split into preferred and common stock.

VCs set to receive liquidity in 2024 through secondary market instead of IPOs

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The secondary market allows for that now.”Stripe’s recent secondary sale is a clear example of this. Leung said that Sapphire deployed roughly $500 million into the secondary market in 2023, and expects to deploy the same if not more into secondary stakes in 2024. But given the maturation of the secondary market, it doesn’t need to thaw before the market is really ready. The secondary market “is playing a huge role,” Leung said regarding companies waiting to go public. [LPs] are not pressuring the GPs to push out their assets, which reduces the demand for the public market.”

Viacom18 Stake to be Acquired by Reliance from Paramount Global for More than $500M

Paramount Global has reached a binding agreement to sell its stake in Reliance-controlled Indian media house Viacom18 to Reliance for $517 million, both companies said Wednesday. The deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as streaming service JioCinema, to 70.49%, Reliance said in its disclosure. Law firm JSA Associates said late last month that it was advising the two firms for the deal. The move follows Disney announcing plans to merge its India business with Viacom18 late last month. Viacom18 also counts Bodhi Tree, an investment firm run by James Murdoch and Uday Shankar, among its backers.