DealBook: Musk’s uphill battle to acquire Twitter, Shutterstock’s continued growth, new consumer insight deals and more
Summary
— Carly Weihe —Twitter remained in the spotlight last week as shareholders sued Elon Musk and Twitter itself for driving stocks down due to sowing doubt in the potential acquisition deal in his Tweets following its public announcement last month. First, MoEngage, a customer engagement platform led by AI insights, has raised $77 million in Series E funding backed in part by Goldman Sachs. • Uncertainty rises as Britain’s Competition and Market Authority investigates the proposed merger between BT Sports and Warner Bros Discovery. • Nfinite, a visualization and commerce merchandising company, has raised $100 million in Series B funding in part by the software investor Insight Partners. The company aims to continue to shape e-merchandising and how consumers experience online shopping by allowing customers to virtually try on clothing using AI.