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IAC has asked the board of Match Group—which also owns Hinge and OkCupid—to let it spin its 80.5 per cent stake in Match off to IAC shareholders, thereby separating it from its other businesses. (The Logic)

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Talking point: In August, IAC said it would spin off Match and Angi Homeservices, which owns HomeAdvisor and Angie’s List. The latter is on hold until the Match sale goes through. Match has a US$21-billion market cap, so a sale would bring in significant cash for the American holding company. It could use that influx to revive Angi, whose shares are down 56 per cent this year, and boost recent acquisitions Turo, a car-sharing firm, and Fixd Repair, a home-warranty firm. There are, however, a number of potential complications for the sale. One of Tinder’s co-founders is suing IAC for allegedly undervaluing Tinder’s growth potential.

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There have been 22 short-selling campaigns against Canadian companies in the last year. Spruce Point Capital Management—whose claims that Dollarama was overvalued caused a temporary drop in the stock in October 2018—is planning to increase its activity in the country. (Financial Post)

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Talking point: Ben Axler, Spruce Point’s founder, said the smaller number of analysts and stocks makes Canada a good market for activism. In the most high-profile recent case, Shopify was the target of critical reports from short-seller Citron Research in March 2018 and October 2017, but the stock has more than recovered from the small drops it suffered at those times.

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Dandelion’s environmentally-friendly heating and cooling system, which operates beneath homes, aims to cut customers’ electricity bills in half. The company raised the money from Google’s venture arm and Comcast Ventures. The announcement comes the same morning that Makani, another project from Alphabet’s X lab that creates wind power-generating kites, announced its spinoff and a minority investment from Shell. (VentureBeat)

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Talking point: X lab—best known for incubating Waymo—is Alphabet’s way of entering new industries with moonshot ideas. The lab is responsible for creating Alphabet’s healthcare play Verily, Google Glass and Chronicle, which provides cybersecurity for enterprises. It’s not afraid to spend to keep experimenting; in Q4 2018, it reported over US-$1.3 billion in operating losses for its “Other Bets” category, which includes X lab projects.

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Malta Inc., a spinoff of Alphabet X moonshot lab’s energy-storage project, has raised US$26 million led by Breakthrough Energy Ventures LLC. (Bloomberg)

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Talking point: Breakthrough Energy Ventures is a fund that includes billionaire investors such as Amazon’s Jeff Bezos, SoftBank’s Masayoshi Son, Bloomberg LP’s Michael Bloomberg and former Bridgewater Associates CEO Ray Dalio. Bill Gates is the fund’s chairman. The newly independent company will use the funding to continue its development of a system that stores electricity generated from sources including solar or wind in large vats of molten salt and cooler liquid. The startup will likely require additional rounds of funding to build a full facility for the technology, according to CEO Ramya Swaminathan.

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The Swiss ticketing company’s CEO, Eric Baker, co-founded ticket resale platform StubHub in 2000, but left in 2004; eBay bought the company in 2007 for about US$310 million. The combined firm will operate in more than 70 countries. StubHub’s leadership—including president Sukhinder Singh Cassidy, a Canadian—will remain in place. (The Wall Street Journal, CNBC)

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Talking point: In the early 2000s, eBay bought up several startups it has subsequently spun out or sold off. The StubHub deal is another step in returning the company to its core e-commerce marketplace business. It follows eBay’s divestment of Skype to a private equity group in 2009, its spinout of PayPal in 2015 and the sale of its stake in South American platform MercadoLibre in 2016. Many of those moves came after pressure from activist investors, and the StubHub deal could help eBay keep them happier—it plans to use some of the money for stock buybacks and dividends.

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SIP has announced its first deal, participating in a US$16-million round in AMP Robotics, a Denver, Colo.-based startup that makes robots that claim to sort your recycling twice as fast as humans, and with much greater accuracy. (The Logic)

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Talking point: SIP was created just over two months ago by Alphabet company Sidewalk Labs (one of the largest seed investors in AMP Robotics) and the Ontario Teachers’ Pension Plan. The spinout company promised to look for innovative ways to deal with mobility, energy, water and waste, among other areas. SIP has said it will invest in technology “to enable sustainable, distributed and intelligent urban infrastructure, creating jobs, improving mobility, and providing more environmentally friendly infrastructure solutions.” Last month, AMP installed 14 AI-guided robots at Single Stream Recyclers in Florida, the largest global deployment in the recycling industry.

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Berlin-based Tier Mobility will use the money to fuel its expansion across the continent. The firm currently operates in 40 cities across 12 countries. (The Logic)

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Talking point: Lime president Joe Kraus said on Sunday the widespread use of similar hardware and operations in similar cities make European acquisitions unappealing. Last Thursday, Bird CEO Travis VanderZanden downplayed the potential for any new acquisitions. Lime has the market share to wait out smaller rivals—in September it became the first e-scooter company to hit 100 million rides—and Bird has the cash; the company raised US$275 million last week, backed by Montreal-based pension fund Caisse de dépôt et placement du Québec. But the rapid growth of other European e-scooter startups is increasingly an issue for both companies. Tier Mobility, for example, had 10 million rides in 11 months of operation. It took Lime about 14 months to hit 11.5 million rides. Bird and Lime face little pressure in Canada, although they are increasingly contending with well-financed foreign firms. Spin, which is owned by Ford Motor Company, operates in Kelowna, B.C. Uber subsidiary Jump operates in Montreal.

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New York-based CTRL-labs creates tech that lets people control computers with their minds; it will join Facebook’s Reality Labs, which is developing augmented-reality smart glasses. CNBC sources said the deal was worth between US$500 million and US$1 billion, though a Facebook spokesperson said it was lower than US$1 billion. (CNBC)

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Talking point: Facebook has been working on this type of technology for three years as part of its efforts to expand into hardware. In a July update, the company said the technology’s potential was “significant,” but at least a decade away from commercialization. However, it hopes to use technology from the four-year-old CTRL-labs to create a wristband that can decode electrical signals sent from the brain through the spinal cord, allowing people to control their devices with their thoughts.