Top Companies Are Bidding For Signify Health 💰
Scott D. Clary | Daily Business, Tech & Finance Newsletter
Scott D. Clary
August 26, 2022
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Here’s whats happening:
- Top companies are bidding for Signify Health
- Google Play Games for PC is now available outside the US
- Coinbase introduces wrapped staked ETH token
- Tridge secures $37.2 million in funding
- Amazon Care is Shutting Down
Top Companies Are Bidding For Signify Health 💰
Amazon, CVS, and UnitedHealth are reportedly eyeing acquiring Signify Health.
While CVS and UnitedHealth are already in the race to bid for Signify, Amazon is the latest company to jump into the fray as the push for the home-health-services provider heats up.
Why does this matter? 🤔
The race for Signify shows several top companies keen to expand into the healthcare industry.
The Bid:
Even though Signify is currently valued by the market at around $5 billion, the final deal could exceed $8 billion 💸 when the company changes its ownership.
The bids are expected around Labor Day, although there’s always a chance a longing bidder could agree to a deal earlier.
About Signify Health
Signify Health’s healthcare platform combines technology, analytics, and networks to create value-based payment programs, driving better outcomes & experiences.
The company’s platform helps to coordinate a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost.
Google Play Games For PC 🖥 is Now Available Outside The US 🇺🇸
Google Play Games for PC, a program that lets users play Android games on Windows, is now available under an open beta to all users in five countries outside the United States.
Which are the test markets?
The test markets include South Korea 🇰🇷, Hong Kong 🇭🇰, Taiwan 🇹🇼, Thailand 🇹🇭, and Australia 🇦🇺.
Earlier this year, the tech giant introduced a limited test with interested players getting to try out the platform through a waitlist. With the latest move, they will not have to wait for an invitation.
What should you know?
- Google now has over 50 PC-compatible game titles for Windows users, including titles like Summoners War, Cookie Run: Kingdom, etc.
- The earlier beta mandated players to have a system with at least an eight-core CPU, a gaming-class GPU, and 20GB of available storage space.
- The new open beta decreases these requirements to having a four-core CPU, an integrated GPU, and 10GB of free storage on the system.
Coinbase Introduces Wrapped Staked ETH Token 🪙
Crypto exchange Coinbase announced the launch of cbETH, its new wrapped and staked Ethereum ERC-20 token.
This news comes as the crypto industry prepares for the Ethereum merge next month.
Key Highlights:
- The crypto exchange platform intends for users to circulate cbETH, as staked ETH might otherwise remain locked until 2023.
- It says that it will compete with another major liquid staking platform, presumably Lido.
- Coinbase describes cbETH as a “utility token,” a term often used to distinguish cryptocurrencies from payment tokens and other assets that might fall under securities regulations.
What can users do?
Users can withdraw their tokens to Coinbase, stake them, and then convert their ETH2 into cbETH, with the newly wrapped staked token balance displayed on their accounts.
The company notes that this will help users exit staked ETH, use the token as collateral in DeFi, and transfer or “gift” staked ETH.
Tridge Secures $37.2 Million in Funding 💰
South Korean agriculture and food trading platform Tridge Co. raised 50 billion won ($37.2 million) in its Series D funding round, becoming the latest billion-dollar startup in SoftBank Group Corp.’s stable.
The investors
DS Asset Management was the sole investor in the company’s Series D financing, joining earlier investors, including SoftBank Ventures and Forest Partners.
About Tridge:
Founded in 2015 by Shin Hoshik, Tridge is a digital platform that combines technology and human network to connect buyers and suppliers worldwide.
It helps importers and exporters understand the global food and agriculture market and helps them trade smarter.
Since its inception, the platform has grown into a global platform for food and commodity trading, with about 28,000 sellers and 100,000 buyers.
It also operates a fulfillment service that distributes food and other products in nearly 90 countries.
What will the company do with the funds?
Tridge plans to use the funds to expand overseas and establish new services. It seeks to solve problems ranging from supply chain disruption to agricultural inflation.
Amazon Care is Shutting Down 🔒
Amazon plans to shut down Amazon Care, the virtual health service it first launched in 2019, by the end of the year.
But why is it shutting down?
The move to shut down an in-house health service comes as Amazon plans to acquire the subscription-based primary care company One Medical.
The e-commerce giant is also reportedly interested in buying Signify Health, a company that makes technology for at-home health care.
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