Archives: Briefings

1Password acquires Kolide

Terms of the deals weren’t disclosed. The firms said Kolide’s team will join 1Password “fully intact,” and the Boston-based device-security company’s platform will remain as a standalone product in 1Password’s “security suite.” (The Logic)

Prolific ransomware gang LockBit dismantled in global police operation

American and U.K. police led the effort, taking over the gang’s digital infrastructure—which they’ll use to drip out details about how LockBit worked—and offering decryption keys to free locked-up data from LockBit’s clutches. The RCMP were part of the multinational team, playing what a spokesperson called a support role on an intelligence task force. (The Logic)

Wattpad parent reportedly seeking up to US$4B valuation in online comic IPO

Korean tech conglomerate Naver is working with Goldman Sachs and Morgan Stanley to take Webtoon Entertainment—which owns Toronto-based storytelling platform Wattpad—public in the U.S. this summer. The company is planning to raise US$500 million at a valuation of between US$3 billion and US$4 billion, Bloomberg reported. (Bloomberg)

Fairfax responds to short-seller allegations on Q4 earnings call

CFO Jennifer Allen said the Toronto-based property and casualty insurance holding company has “robust processes” for documenting its accounting positions and for its quarterly checks for impairments and its investments, in response to a Muddy Waters research report last week. (The Logic)