SoftBank to buy Britain’s ARM Holdings for $32.2 billion

British semiconductor firm ARM Holdings has announced it is being acquired by Japan’s SoftBank for £24.3 billion ($32.2 billion). As part of the agreement, Softbank plans to at least double the ARM’s employee headcount in the UK over the next five years and to increase hiring in other regions.

Thrive Capital raises $700M for new fund

New York-based Thrive Capital has raised $700 million for Thrive V, a fund to back companies from early through growth stage. The firm has previously both incubated startups, such as health plan provider Oscar, and made venture and later stage investments in companies including Instagram, Warby Parker, and Slack.

WeWork tells workers to change spending culture

WeWork, the fast-growing co-working and living space provider, cut forecasts earlier this year and told employees it has to change its “spending culture” to continue to thrive, according to a Bloomberg article citing a company document and video recordings. Founded in New York six years ago, WeWork has raised more than $1.4 billion to build and run a network primarily of offices that spans 23 cities in seven countries.

Pokemon Go rolling out to roughly 200 countries

Niantic, developer of the smash hit Pokemon Go, plans to roll out the augmented reality mobile game in roughly 200 countries and regions “relatively soon,” according to a Reuters interview with the gaming company’s CEO, John Hanke. He confirmed that the game would soon be coming to Japan and that he expects ultimately to launch the game in South Korea.

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