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10jili app It has been a busy year in the private equity realm, with countless big-money acquisitions unfolding. The take-private space specifically has seen some sizable transactions, with private equity firms spearheading more than a dozen billion-dollar deals for public tech companies. London-headquartered Permira was a key protagonist, joining Blackstone to acquire European online classifieds group Adevinta for $13 billion , and in October, taking the popular website building platform Squarespace private in a deal eventually worth $7.2 billion . It’s not just billion-dollar acquisitions that interest Permira, though. In addition to closing a fresh €16.7 billion buyout fund last year, the company has separate funds that take minority and majority stakes in earlier-stage, high-growth companies. Its first such investment was in Sweden’s Klarna back in 2017 , a fintech giant that’s only now preparing to IPO eight years later. “We’re still invested in Klarna,” Permira’s new co-managing partner and co-CEO Brian Ruder confirmed to TechCrunch. “Generally speaking, with these minority growth strategies, you don’t control the exit, and therefore we embrace being in these companies for a long time. But we also kind of have to be in these companies for a long time.” As we approach the tail end of 2024, TechCrunch caught up with Ruder to discuss some of these more recent deals, as well as Permira’s broader approach to the technology sector, AI, and having two people who equally share power at the top. Two by two While many organizations are embracing new models of leadership, including co-leadership, the idea has long been popular inside Permira. Indeed, Kurt Björklund co-managed Permira alongside Tom Lister beginning in 2008. When Lister stepped aside in 2021, it left Permira with just one person at the helm — an unusual position for a company that adopts a co-head strategy across most of its investment teams, including technology, services, consumer, and climate, with healthcare alone led by a solitary leader. “We just really like the co-leadership model — partly to address the challenge of the loneliness of being the leader. It really helps to have a co-ideator,” Ruder said. “The key thing about any leadership role is the speed to a good decision, and the faster you can make really good decisions, the better you’re going to be. I would be slower to come to the same conclusion if I can’t co-ideate.” With both Ruder and Dipan Patel landing in the co-driving seat on September 1 , and Björklund becoming executive chairman, normalcy resumed. But notably, in addition to co-managing partners, Ruder and Patel also attained co-CEO status — a new title at Permira. Was this a sign that the role had changed, or perhaps a signal that industry leadership titles were infiltrating private equity? The truth is somewhat more mundane, albeit practical. It’s really to clarify who’s actually managing things. “The title of ‘managing partner’ has been diluted at a lot of other firms,” Ruder said. “There’s basically this title inflation across the industry. There are firms that we would count in our peer group that have multiple pages of managing partners.” ‘Digital backbone’ When TechCrunch chatted with Ruder way back in 2017 , a core focus of the conversation centered on private equity’s growing attraction to the tech sector. This was off the back of a swath of high-profile take-private deals . In the intervening years, Permira itself has snapped up a number of public tech firms in multi-billion dollar transactions. This includes email security company Mimecast, which Permira bought for $5.8 billion in 2022, and customer communication platform Zendesk, which went private the same year in a $10.2 billion deal led by Permira and Hellman & Friedman. Fast forward to today, and Permira says its funds have invested some $28 billion in 80 technology companies through the years, spanning everything from SaaS and cybersecurity , to fintech and online marketplaces. The company is also now being led by Ruder — who co-led the company’s tech investment team from 2008 — and Patel, who was also on Permira’s technology team from 2009 to 2018 before moving to the consumer side. So is Permira really all about tech now? “We’ve always been a growth-centric, growth at scale, private equity firm,” Ruder said. “It’s not exclusively tech, but tech — and I mean digital across the board — is the predominant share of all that market, so very naturally, during the firm’s 40-year history we’ve become very tech-centric. The way we phrase it is that we have this core digital backbone that goes through all of our strategies.” So even though Permira separates out its investment strategies by verticals, the “ every company is a software company ” mantra, while clichéd, rings truer than ever. Take luxury footwear brand Golden Goose , which Permira aquired for $1.3 billion in 2020. You wouldn’t call it a “tech company” per se, but technology is central to how it operates. As part of its push to rely less on multi-brand retailers, its pursuit of direct-to-consumer (D2C) strategies is paying dividends for the company, which has attributed a sales surge to this new D2C approach. “Much of what Golden Goose has pivoted to during our investment period with them is online,” Ruder said. “So even accessing the online avenues and channels for businesses that we wouldn’t consider to be ‘tech’ businesses, is a big part of what we’re doing across the board.” Permira’s largest take-private tech deal of 2024 is another example, and it involves a company most people probably haven’t heard of. Adevinta, which the Norwegian media group Schibsted spun out in 2019, controls dozens of online marketplaces across Europe and the Americas — a figure boosted after it acquired eBay’s classifieds business for $9.2 billion in 2020. There’s little question Adevinta is an operator of digital brands, but how such consumer brands acquire new users requires a distinct level of expertise to that of, say, deep enterprise tech. “It’s a collection of some of the best classifieds assets,” Ruder said. “And the plan is to very much focus on running the individual classifieds businesses in the best possible way for their geography and vertical. I have built a management team that’s able to do that, and been really happy with the caliber of team that we’ve been able to build with that in mind. These are long term, very high double-digit growth markets.” AI with everything Naturally, Permira is also very focused on AI, but it’s not likely to be investing in some pre-IPO juggernaut like OpenAI or Anthropic. Instead it’s focused on — and learning from — how AI is being applied across its portfolio. Zendesk, for example, was already embracing AI before Permira & Co. took it private two years ago, but the surge in generative AI has really spurred Zendesk into action . Earlier this year, Zendesk acquired Ultimate to bring AI agents into the mix. It also acquired AI-enabled quality assurance (QA) startup Klaus. The company has also replaced many senior executives, including co-founder and CEO Mikkel Svane, who made way for Permira partner Tom Eggemeier in 2022. Since then, Zendesk has appointed a new CIO and CFO , while a new head of engineering and AI, Shashi Upadhyay , joined from Google this month. “With Zendesk, we have really lent into the generative AI world,” Ryan Lanpher , Zendesk board member and Permira’s new co-head of tech, told TechCrunch. “We’re seeing tremendous adoption from our customer base. Zendesk’s traditional customer base were already digital native and early adopters. We think Zendesk is one of the fastest growing AI businesses out there at this point.” It’s impossible to discuss AI without mentioning cloud computing, two domains that are highly synergistic and complementary. Just as cloud computing boosted software, enabling new business models with higher scale and margins, Ruder reckons AI will also create a similar tailwind. “We think AI is going to be another step function like that,” Ruder said, adding that this will require companies to more fully embrace the cloud. “Across all industries, we’re seeing CEOs asking their CIOs what they’re doing about AI,” Ruder continued. “And the answer increasingly coming from those CIOs is that they’d like to be doing a lot with AI, but their infrastructure isn’t yet ready to take advantage of it all. We think there’s actually a lot of opportunity and pressure for a significant upgrade wave to push that continued on-premise software install base into the cloud, modernizing data infrastructure and architectures in order to enable AI in a way that didn’t happen in prior waves.” Square deal As with Zendesk, website builder Squarespace was already starting to embrace AI before Permira came calling, recently launching a new suite generative AI tools dubbed “ design intelligence .” Permira first revealed plans to acquire Squarespace in May at an enterprise valuation of $6.9 billion. Soon after, an advisory firm recommended that Squarespace shareholders reject the offer, particularly as Squarespace’s financial performance was in the ascendency and its outlook was strong. Ultimately, Permira had to up its offer to around $7.2 billion. Some 18 months previous, however, Squarespace’s market cap was roughly half that, suggesting that Permira might have missed out on a bargain. But that’s just not how it works with big, publicly-traded businesses such as this. “To make a transaction at the scale of Squarepace, it’s got to be the right time both for us and the company,” Ruder said. “Especially for public companies — you can’t buy those companies at the low-end, as it’s very hard to get boards to transact there. And justifiably so — it doesn’t make a lot of sense for those boards to want to sell unless the company’s in distress. And the quality businesses that we invest in are very rarely at the point where they’re in distress.” Squarespace’s original founder and CEO, Anthony Casalena , is also staying firmly in place. For a company that has been around for some 20 years, making a return trip to the public market, it would seem unusual that a private equity firm wouldn’t look to shake things up at the top. But this is where Ruder stresses that while some private equity firms are all about salvaging companies in trouble, its focus lies in procuring “quality assets” that are fundamentally healthy. As such, the majority of the investments it has made from its current buyout fund involve the founder in some way. “Our strategy is to find best product in really good markets and back that,” Ruder said. “The vast majority of private equity on our scale is all about maximizing EBITDA margins in the near-term, but we are believers that we can generate better return to the power of compounding behind great unit economics. And that approach tends to be very appealing to people who care about where their businesses go. And for that reason, we kind of gravitate into situations where we’ve got founders.”

Noodles and wine are the secret ingredients for a strange new twist in China's doping sagaTomislav Ivisic scored a career-high 23 points to lead six players in double figures as No. 24 Illinois raced past visiting Chicago State 117-64 on Sunday in Champaign, Ill. Kylan Boswell also starred for the Fighting Illini (9-3) with an 18-point, 10-rebound, 10-assist triple-double. Dra Gibbs-Lawhorn added 16 points, while Kasparas Jakucionis contributed 14. Will Riley hit for 13 points and Morez Johnson Jr. came off the bench to net 11. Gabe Spinelli scored 20 points for the winless Cougars (0-15) and Noble Crawford added 15, but they just didn't have the scoring punch to stay with their Big Ten Conference opponent. Illinois outshot Chicago State 62.1 percent (41 of 66) to 37.3 percent (25 of 67) from the field and 45.5 percent (15 of 33) to 32.3 percent (10 of 31) from the 3-point line. The Cougars were also outrebounded 47-23. Illinois led for all but 24 seconds of the game, scoring basically at will. The Illini reaped a 28-4 advantage in free-throw attempts, drew 26 assists and earned a 48-16 advantage in points in the paint. In its last game before jumping into the bulk of its Big Ten schedule Thursday night at Oregon, Illinois wasted no time putting its stamp on the game. It carved out a double-figure edge at the 14:59 mark of the first half on Gibbs-Lawhorn's 3-pointer that made it 17-7 and simply kept expanding that lead. The margin reached 20 for the first time with 10:06 left when Ivisic drained a 3-pointer from the right wing for a 32-10 cushion. Johnson's foul shot with 3:43 remaining increased the advantage to 30 at 48-18, and Jake Davis' 3-pointer from the corner with a second on the clock gave the Illini a 60-24 cushion at halftime. Boswell's short jumper with 18:22 left in the game built Illinois' first 40-point advantage at 65-24. Riley splashed a 3-pointer with 9:57 remaining to up the lead to 50 at 93-43. Davis made another 3-pointer at the 7:59 mark to get the Illini to the 100-point threshold. They led by as many as 58 points in the final two minutes. --Field Level MediaATLANTA — Already reeling from their November defeats, Democrats grappled Monday with President Joe Biden’s pardoning of his son for federal crimes, with some calling the move misguided and unwise after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. The president pardoned Hunter Biden late Sunday evening, reversing his previous pledges with a grant of clemency that covers more than a decade of any federal crimes his son might have committed. The 82-year-old president said in a statement that his son’s prosecution on charges of tax evasion and falsifying a federal weapons purchase form were politically motivated. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” White House press secretary Karine Jean-Pierre said Monday. She, along with Biden and other White House officials, insisted for months that Hunter Biden would not get a pardon. That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump, who argues that indictments and a conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation,” Colorado Gov. Jared Polis wrote on social media. Rep. Greg Stanton, D-Ariz., posted: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Certainly, the president has Democratic defenders who note Trump’s use of presidential power to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and first administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” prominent Democratic fundraiser Jon Cooper wrote on social media. Democratic National Committee Chairman Jaime Harrison said there “is no standard for Donald Trump, and the highest standard for Democrats and Joe Biden.” Harrison pointed to Trump’s apparent plans to oust FBI Director Christopher Wray and replace him with loyalist Kash Patel and suggested the GOP’s pursuit of Hunter Biden would not have ended without clemency. First lady Jill Biden said Monday from the White House: “Of course I support the pardon of my son.” Get local news delivered to your inbox!

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World Cup selection drives US sevens star Maher's move to Bristol

American rugby sevens star Ilona Maher will join 15-a-side club Bristol in January in a bid to play in next year's women's Rugby World Cup, the English club announced on Monday. Maher, 28, helped the USA to a bronze medal at this summer's Olympic Games in Paris and is the sport's most popular player on social media. "This is a huge coup to be able to bring Ilona Maher to Bristol Bears on a short-term deal," Bristol head coach Dave Ward said. "She is one of the biggest names in women's sport, let alone rugby, and we believe she will add real value to our programme on and off the field." Last week Maher finished second on US television show "Dancing with the Stars", and she was on the cover of Sports Illustrated's swimsuit edition in July. Maher has signed a three-month deal with Bristol ahead of the World Cup, which starts in England in August. She made her 15-a-side debut for the USA in 2021. "I am excited to join the Bristol Bears and put myself in the best position to earn a spot to represent USA in the 2025 Rugby World Cup alongside such a talented and driven group as the Bears," Maher said in a club statement. Bristol's first game next month is on January 4 against local rivals and Premiership Women's Rugby champions Gloucester-Hartpury, in a repeat of last season's final. obo/iwd/mw2024 Recap: How Zacch Adedeji Broke Record Of Tax Administration In NigeriaNordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal

Wayne Rooney has encouraged I’m A Celebrity... Get Me Out Of Here! viewers to vote for his wife to do a Bushtucker Trial as he feels she would want to “put herself to the test”. The former England footballer, 39, said he was “proud” of how Coleen was doing in the Australian jungle in a post on social media on Saturday. The couple, who first met at school and began dating aged 16, share four sons – Kai Wayne, Klay Anthony, Kit Joseph and Cass Mac. Proud of on she’s doing great ❤️ Me and the boys would love to see her doing a trial and we know she’d want to put herself to the test. If you can download the app and let’s get voting! 🗳️🕷️🐍 — Wayne Rooney (@WayneRooney) “Proud of @ColeenRoo on @imacelebrity she’s doing great”, he wrote on X, formerly Twitter, alongside a collage of photos of her on the show. “Me and the boys would love to see her doing a trial and we know she’d want to put herself to the test. “If you can download the #ImACeleb and let’s get voting!” During the first task of the series, BBC Radio 1 presenter Dean McCullough chose to partner up with TV personality Coleen as he hailed her as “Wagatha Christie”. Rooney, 38, was given the nickname when she accused Rebekah Vardy, who is married to Leicester City striker Jamie Vardy, of leaking her private information to The Sun in a viral post on social media. In July 2022, a judge at the High Court found the post was “substantially true”. During Vardy’s stint on I’m A Celebrity, she became the third celebrity to leave, saying the series helped her become more tolerant. Earlier this week, Liverpool-born Coleen told her fellow campmate that going to court over her feud with Vardy was her “worst nightmare” as she felt she was “putting on a show for the whole world”. However, she said she was not scared about making the viral post which kicked off the dispute, saying: “I just didn’t think it would have the impact it did, because I was just that sick and tired of it, it was draining.” Later in the episode, Rooney became emotional over the loss of her sister Rosie, after boxing star Barry McGuigan spoke about the death of his daughter. I’m A Celebrity... Get Me Out Of Here! continues on ITV1 and ITVX.COLLEGE BOWL

By MICHAEL R. SISAK NEW YORK (AP) — Lawyers for Sean “Diddy” Combs tried for a third time Friday to persuade a judge to let him leave jail while he awaits his sex trafficking trial, but a decision won’t come until next week. Judge Arun Subramanian said at a hearing that he will release his decision on Combs’ latest request for bail after Combs’ lawyers and federal prosecutors file letters addressing outstanding issues. Those letters are due at noon on Monday, Subramanian said. Combs’ lawyers pitched having him await trial under around-the-clock surveillance either his mansion on an island near Miami Beach or — after the judge scoffed at that location — an apartment on Manhattan’s Upper East Side. Their plan essentially amounts to putting Combs on house arrest, with strict limits on who he has contact with. But prosecutors argue that Combs has routinely flouted jail rules and can’t be trusted not to interfere with witnesses or the judicial process. “The argument that he’s a lawless person who doesn’t follow instructions isn’t factually accurate,” Combs lawyer Anthony Ricco argued. “The idea that he’s an out-of-control individual who has to be detained isn’t factually accurate.” Combs, 55, has pleaded not guilty to charges that he coerced and abused women for years with help from a network of associates and employees while silencing victims through blackmail and violence, including kidnapping, arson and physical beatings. His trial is slated to begin May 5. The Bad Boy Records founder remains locked up at a Brooklyn federal jail, where he spent his Nov. 4 birthday. Two other judges previously concluded that Combs would be a danger to the community if he is released and an appeals court judge last month denied Combs’ immediate release while a three-judge panel of the 2nd U.S. Circuit Court of Appeals weighs his bail request. Friday’s hearing was the second time Combs was in court this week. On Tuesday, a judge blocked prosecutors from using as evidence papers that were seized from his cell during jail-wide sweep for contraband and weapons at the Metropolitan Detention Center in Brooklyn. As he entered through a side door, Combs waved to relatives including his mother and several of his children in the courtroom gallery, tapping his hand to his heart and blowing kisses at them. He then hugged his lead attorney, Marc Agnifilo, before taking a seat at the defense table. He was not handcuffed or shackled and wore a beige jail uniform, occasionally pulling a pair of reading glasses from his pocket as he peered at papers in front of him. Prosecutors maintain that no bail conditions will mitigate the “risk of obstruction and dangerousness to others” of releasing Combs from jail. Prosecutors contend that while locked up the “I’ll Be Missing You” artist has orchestrated social media campaigns aimed at tainting the jury pool. They allege that he has also attempted to publicly leak materials he thinks would be helpful to his case and is contacting potential witnesses via third parties. “Simply put, the defendant cannot be trusted,” Assistant U.S. Attorney Christy Slavik argued. Combs’ lawyer Teny Geragos countered that, given the strict release conditions proposed, “it would be impossible for him not to follow rules.”

Is anything more gratifying than an unexpected gift from a stranger? The answer is “yes,” but we’ll get to that. Several days ago, a friend was shopping at a local dollar store, buying small items to place in gift boxes for children. Her church had given her a debit card with a $150 allowance, and she went through the aisles placing dozens of toys and school supplies in her cart, keeping a running amount in her head. When she got to the checkout, she told the clerk to stop when the total got close to her spending limit. The clerk, a big rough-looking man, started scanning the items. “You sure have a lot of stuff here,” he said. My friend explained what she was doing, that everything would go to children who do not get any other presents for Christmas. He smiled and kept scanning. When the register total came to just shy of $150, he paused. “What about those?” He pointed to the handful of things left in the cart. “That’s OK,” my friend said. “They can go back on the shelf.” “I’ll pay for them,” he said. My friend objected at first, but the clerk was insistent. “I was one of those kids,” he said. “My dad never got us presents for Christmas, and I don’t have any kids of my own.” He scanned the rest of the items, then reached into his pocket for a crumpled wad of bills to pay the balance. Then he put everything into bags and her cart. “God bless you,” he said with a smile. “Every gift requires two freedoms,” author Peter Kreeft wrote, “the giver’s and the receiver’s.” We must be careful to respect the privilege of giving, for it is in giving that we feel our humanity most deeply. As technologies make life more automated, our interaction with strangers is declining. That might seem good to some. But the overall effect is to increase anxiety by depriving us of daily exercise in social skills, something necessary for a healthy democracy. It also removes opportunities to give and to receive. One of the great misfortunes of a prosperous society is that giving and receiving become transactional rather than relational: A class of people deliver goods and services, and a class of people receive them. One group funds the local shelter and the soup kitchen, and another group goes there to get housing and nourishment. One is the host, the other the guest. Many less prosperous societies still follow the ancient practice of bringing a stranger into one’s home for shelter and meals together. The guest and host get to know each other. It is not easy to say who benefits most, because both provide something to each other: the need to receive and the need to give. This practice of relational giving and receiving is retained in the gift exchanges among family and friends during the holidays. It is a chance to remind one another of our interdependence. Yet for those who have no one close with whom to celebrate, this time of year can be especially sad and lonely — not just because they receive no gifts but because they have nobody to whom to give. Their loneliness is a symptom of disconnection at a time of year when relationships with family, friends and neighbors are lifted up and celebrated everywhere one turns. It doesn’t have to be that way. Every community is filled with people who need something. Churches have giving trees. Schools and nursing homes need volunteers. And just about everybody has a neighbor who could use a small box of cookies and a smile. Every year I rewatch “It’s a Wonderful Life.” It just might be the best movie ever made. Watching it reminds us that the greatest contribution a person can make in life is to lovingly tend to the relationships where you are. A pivotal moment in the movie comes shortly after George Bailey pulls Clarence out of an icy river. As they are drying off, Clarence explains he is an angel sent to save him. George is understandably skeptical. “Save me!?” he responds. Clarence explains, “I knew if I were drowning, you’d try to save me, and that’s how I saved you.” The gift Clarence gave to George was an opportunity to be useful when he thought the world would be better off without him. Like many of us, George overvalued the worth of his contributions and undervalued the worth of his presence. Even those who have great needs can be raised up by an opportunity to give. It is through the mutuality of both giving and receiving that we experience the grace that shines on every act of shared kindness. Kyte is the director of the D.B. Reinhart Institute for Ethics in Leadership at Viterbo University in La Crosse, Wisconsin. Be the first to know Get local news delivered to your inbox!Iran's culture ministry denies claims of TRT Persian Channel license

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.

Lawyers for ex-Abercrombie CEO say dementia may leave him incompetent to face sex chargesMother says she loves new grandchild more than her kidsGDIN CEO Jongkap Kim: "By matching technology needs with local markets, we create long-lasting joint ventures with multiple exit opportunities." SEOUL, South Korea , Dec. 23, 2024 /PRNewswire/ -- Global Digital Innovation Network (GDIN), led by CEO Jongkap Kim, proudly announced the major achievements of its 2024 Joint Venture Program. This program, which supports the establishment of joint ventures between South Korean companies and international partners, is designed to lower market entry barriers and create sustainable growth opportunities through local collaborations. Since the launch of the program in 2021, GDIN has supported the establishment of 44 joint ventures across various regions. This year alone, 10 joint ventures were successfully launched in 8 countries including the United States , Canada , Japan , India , Singapore , Vietnam , UAE, and Uganda . The Joint Venture Program was created to address a common challenge faced by early-stage tech companies: while they may have products and services that meet market demand, they often lack the resources and workforce to enter international markets. Through this program, GDIN helps companies increase their chances of success by facilitating strategic market entry via local partnerships. In addition to the 44 joint ventures established so far, 47 partnership agreements are in the pipeline for future joint ventures. The program's success is largely attributed to GDIN's extensive global network of partners, which includes government organizations, multinational corporations, and international agencies such as the World Bank, Central American Bank for Economic Integration (CABEI), Inter-American Development Bank (IDB), Investment Turkey etc. GDIN has organized multiple technology matching and investor relations events to introduce Korean companies and their innovative technologies to potential international partners. At the year-end performance report event, held on December 19 , GDIN recognized companies that successfully established joint ventures. Changsoft I&I, a digital construction management system company, was highlighted for its success in establishing joint ventures in Japan and Vietnam . CFO Jongeun Park of Changsoft I&I shared, "We were facing stagnating revenue growth, and expanding into new markets was critical. With GDIN's support, we were able to establish joint ventures in Japan and Vietnam , allowing us to tailor our products to local market needs." Other companies that successfully established joint ventures in 2024 include Medicos Biotech, Bloomsbury Lab, Arbaim, Eucast, Pixelro, Hansol root one, Eco-Peace, and IESG. GDIN CEO Jongkap Kim commented, "Unlike simple joint investments or distribution networks, these technology-driven joint ventures are based on market demand, ensuring their long-term sustainability. If these joint ventures achieve success in the local markets and even go public, they could offer multiple exit opportunities, creating a strong growth model for all involved." About GDIN Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the Ministry of Science & ICT, is an independent foundation that promotes and fosters collaboration between next-level innovative companies from South Korea and the world. Since 2013, we have established over 160 international partnerships, supported over 3,000 tech companies, conducted over 20,000 consulting services, and helped companies raise $3.6 billion USD in investments. View original content to download multimedia: https://www.prnewswire.com/news-releases/gdin-successfully-supports-establishment-of-10-new-joint-ventures-in-2024-alone-302337060.html SOURCE GDIN