The Toronto-based legaltech said it “strongly disagrees” with the Competition and Markets Authority’s finding that the acquisition “would substantially lessen” property-search report competition in England and Wales. Dye & Durham said it’s considering its options. (The Logic)
The investment in the Calgary-based company was led by Carpae Investments and Alpenglow Capital. ZayZoon also received a $13-million credit facility from ATB Financial, an Alberta-owned financial institution. (The Logic)
In quashing Visa’s request to be dismissed from a case that alleges it conspired to help the pornography website profit from images of child sexual abuse, U.S. District Court Judge Cormac J. Carney said it wasn’t “fatally speculative” to say the credit-card giant “bears direct responsibility” for the monetization of the material. (The Logic)
The Boston-based company announced a strategic investment from Ottawa-headquartered Shopify and filed notice of a US$100-million equity raise with the U.S. Securities and Exchange Commission on Tuesday. Shopify declined to comment on the terms of the deal. It will recommend that its largest merchants on its Plus plan use the firm’s email product. (The Logic)
An analysis published in the Proceedings of the National Academy of Sciences and reviewed by a dozen scientists found there’s reason to believe human-caused climate change could result in global catastrophe and even human extinction—a topic they warn is “dangerously underexplored.” (The Logic)
Vancouver-headquartered Sierra said in a statement that it’s in “advanced discussions”l with Camarillo, Calif.-based chipmaker Semtech. The proposed transaction values Sierra at US$31 a share, a 4.4 per cent premium to its Monday closing price on the Nasdaq. Bloomberg first reported the discussions on Monday. (The Logic, Bloomberg)
Chinese internet-services firm Sina and microblogging subsidiary Weibo shut down their online platforms on the island Tuesday, as U.S. House of Representatives Speaker Nancy Pelosi arrived in Taipei for a controversial meeting with President Tsai Ing-wen. Sina cited “company strategy” for the temporary service outage. (South China Morning Post)
The Toronto-based platform for Gen Z sports fans said the round was led by KB Partners and Union Square Ventures. (The Logic)
The Senate Democrats’ legislation limits clean-vehicle incentives to cars assembled in North America, containing critical minerals recycled in North America or sourced from U.S. free-trade agreement partners. (The Logic)
Facebook’s parent company will no longer pay news publishers in the country for content appearing on the platform’s news tab. (Axios)