Faraday Future said to plan $1 billion fund raising effort, Chef’d raises $10 million, and Disney CEO Bob Iger says hacker threat to release stolen movie was a hoax.
Electric vehicle maker Faraday Future of Gardena is planning to raise $1 billion to support its operations as its main financial backer, LeEcho’s Jia Yueting faces a cash crunch, reports Bloomberg. The startup has begun meeting potential investors and is targeting large sovereign wealth funds.
Campbell Soup invested $10 million in El Segundo meal-kit startup Chef'd, reports Fortune. Campbell will also get a board seat and become the company's largest strategic investor.
Walt Disney Co. Chief Executive Bob Iger said that the hacker threat to release the company’s unreleased “Pirates of the Caribbean: Dead Men Tell No Tales,” ahead of its official launch was a hoax, reports Variety. The company now concludes that it was not hacked and that the threat was a bluff.
You May Also Like
- Silicon Beach Report May 15: SpaceX Settles Overtime Pay Class Action for $4 Million
- Chef’d Shuts Down Operations
- Meal Kit Service Chef’d Raises $25 Million from Smithfield Foods Inc.
- Silicon Beach Report Aug. 12: LeEco Building Plant to Be Used By Faraday Future in China
- Meal Kit Service Mixes in Campbell Soup
- Silicon Beach Report Jan. 24: Hyperloop Transportation Technologies Plans French Research Center
- Silicon Beach Report Dec. 1: Faraday Future’s Chief Designer, Richard Kim, Resigns
- Letting Companies Hack the Hackers