News News News Help by sharing this information June 8, 2020 Find out more Follow the news on Nepal May 29, 2019 Find out more Reporters Without Borders calls on the Nepalese authorities to carry out thorough and rapid investigations into recent attacks by violent groups on independent media and journalists. One the latest was on 16 November in the capital and targeted the Himal Media group.”All the Nepalese media deserve the same level of safety and freedom, and it is up to the government to guarantee this protection,” Reporters Without Borders said. “There is an urgent need for the police to conduct proper investigations, identify those responsible and bring them to justice. The Maoist-led government must ensure that all voices can be heard in Nepal, even those that criticise the new authorities.”Around 10 masked men on motorcycles attacked the Himal Media press group’s distribution depots in the capital on 16 November, vandalising equipment and torching more than 1,000 copies of the group’s Nepali-language fortnightly Himal Khabarpatrika.The magazine’s editor, Kanak Mani Dixit, told Reporters Without Borders he regarded the incident as an “organised attempt to restrict free expression and increase fear among journalists.”It came two weeks after an attack targeted against the group’s CEO, Ashutosh Tiwari, on 24 October, when stones were thrown at his car in the capital. Himal Media has filed a complaint about the 16 November violence but the police have not yet identified any of the participants.Acts of violence and intimidation against journalists are still very frequent in the provinces. Journalists are particularly threatened in the southern Terai region, where armed groups hold sway and there are hardly any police.Shiva Devkota, the editor of the local weekly Nuwakot Jagaran, was attacked and roughed up after speaking on behalf of the Nepal Press Union at a Congress Party meeting on 17 November in the central district of Nuwakot.The front window of the National News Agency (RSS) bureau in the southeastern city of Biratnagar was smashed on 13 November.Siddharaj Upadhyay, the newspaper Gorkhapatra’s correspondent in the western district of Doti, was threatened by a businessman on 28 October after writing an article about illegal gambling. Policemen present during the incident failed to intervene.Journalist Rammani Upadhyay, the editor of the local newspaper Basudha, was seriously injured by unidentified assailants on 24 October in the central city of Janakpur and was hospitalised in Kathmandu. The motive for the attack is not known.The offices of the Tarai Times daily newspaper in the central district of Dhanusha were vandalised on 20 October by unidentified intruders, who manhandled two employees.A leader of the JTMM-J armed group threatened to kill Krishna Prasad Dhakal, The Himalayan Times correspondent in the western district of Kapilvastu, on the night of 11 October.Jagat Prasad Joshi alias JP Joshi Pandit, a Maoist activist and president of the Kailali chapter of the Revolutionary journalists association (RJA), has been missing since 8 October, when he left his home in Malakheti to go to Kathmandu. His family has not received any news of him since then.Reporters Without Borders meanwhile voices its support for the Federation of Nepali Journalists’ recent request to the prime minister for light to be shed on the July 2007 disappearance of journalist Prakash Thakuri. Maoists were suspected of participating in his abduction. RSF_en Organisation Nepal: RSF’s recommendations to amend controversial Media Council Bill NepalAsia – Pacific NepalAsia – Pacific Nepalese journalists threatened, attacked and censored over Covid-19 coverage Receive email alerts Under Chinese pressure, Nepal sanctions three journalists over Dalai Lama story News to go further Reporters Without Borders calls on the Nepalese authorities to carry out thorough and rapid investigations into recent attacks by violent groups on independent media and journalists. One the latest was on 16 November in the capital and targeted the Himal Media group. November 19, 2008 – Updated on January 20, 2016 Authorities urged to react to a series of physical attacks against media and journalists May 17, 2019 Find out more
Share via Shortlink CoStar’s best just wasn’t good enoughCoStar’s fight for CoreLogic has ended in defeat. The bruised data giant, which spent the last few weeks trying to outbid Stone Point Capital and Insight Partners, withdrew its $7.35 billion offer, citing rising interest rates.But … CoStar’s retreat came just hours after news leaked that CoreLogic’s board believed CoStar’s offer wasn’t good enough.In February, CoreLogic struck a $6 billion deal with Stone Point and Insight. But CoStar swooped in with a $6.9 billion “superior” offer. On March 1, CoStar upped the offer by $450 million and gave CoreLogic 48 hours to decide.The rest, as they say, is history.Howard Lorber: Developer, investor and now VCBrokerage chief Howard Lorber is trying his hand at proptech investing through a new fund, New Valley Ventures.The fund is a subsidiary of Lorber’s Vector Group, which owns Douglas Elliman, and it will invest in early-stage proptech companies. Initial bets include a minority stake in Rechat, a CRM, and an investment in Camber Creek.New Valley Ventures will be spearheaded by Richard Lampen, a longtime Vector exec, along with Dan Sachar and David Ballard. Lampen declined to say how much capital the VC has to spend, but confirmed it will be funded by Vector.Small bytes?SmartRent, a startup that develops “smart home” hardware, raised $31M in strategic funding from investors including Lennar.?Ecomedes, which brings sustainable supplies to the construction business, raised a $3.25M seed round led by Microsoft’s M12.?Mortgage company Rocket Cos. surged 71 percent to $41.60 on March 2, after reddit user Wall Street Bets called out the stock.? JLL acquired a stake in Roofstock, a marketplace for single-family rentals.?Mosaic, a construction tech startup that turns blueprints into step-by-step plans, tapped Mervin Singson as CFO.? Realogy expanded its iBuying program RealSure to Atlanta.?Knock, which pre-funds mortgages to allow sellers to buy homes before selling their old ones, has expanded to 23 markets, including 11 since the start of 2021. It says it’s on track to hit 75 markets by 2023.⭐Elon Musk wants to build a dog-friendly city called Starbase in Texas. Click here to join the thousands of knowledgeable readers who subscribe to Future City. Compass’ cost of doing businessAhead of its buzzed-about IPO, Compass offered investors a peek at its financials via an S-1 filed March 1.Highlights from the 263-page document include the fact that Compass took in $3.7 billion in revenue last year, four times its revenue of $884.7 million in 2018. The tech-focused resi brokerage also lost $270.2 million in 2020, down from $388 million in 2019.But one key takeaway is how much Compass spent to grow to its current size: 19,000 agents with $151.7 billion in sales last year.Since 2018, it’s spent more than $300 million to buy residential firms and tech. Here’s a closer look at where it’s invested the most:ADVERTISEMENT? $83.3 million for Pacific Union International, a San Francisco firm with 1,700 agents and $14 billion in sales? $70 million for Modus, a title and escrow startup? $52.2 million for KVS Title, a title company in Washington, D.C.? $26.1 million for Contactually, a popular customer relationship manager? $22 million for Stribling (a NYC brokerage with 270 agents and $1.62 billion in sell-side sales), Alain Pinel Realtors (a San Francisco firm with 1,300 agents) and Detectica (an AI startup)? $20.5 million for firms including Platinum Drive Realty (a 100-agent firm in New York), Conlon Real Estate (with 200 agents in Chicago) and Avenue Properties (with 110 agents in Seattle)? $18.9 million for Paragon Real Estate, a San Francisco firm with 225 agents and $2.3 billion in sales? $6 million for Lila Delman Real Estate, a 120-agent luxury firm in Rhode Island? $2 million for Bold New York, a 120-agent rental-focused brokerage“$52 million is a lot of money, and CoStar shareholders and customers should be asking themselves, who ultimately will be stuck with that bill?”— RentPath CEO Dhiren Fonseca, on the ruling that CoStar must pay a break-up fee after its failed RentPath deal Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Opening more doorsWith few homes on the market to buy, Opendoor has a new target: home buyers.The company — whose core business is buying and selling homes — launched a program that allows buyers to make cash offers backed by Opendoor. “The market conditions right now are screaming for this,” Tom Willerer, chief product officer, told Bloomberg News.Opendoor is already the dominant player in iBuying, and it went public last year after merging with a blank-check company backed by investor Chamath Palihapitiya.In its first earnings call as a public company, Opendoor reported a 45 percent drop in revenue that it attributed to its pause in home-buying in the early months of the pandemic.The company generated $2.6 billion in revenue last year, compared to $4.7 billion in 2019. It lost $286.8 million, compared to a loss of $339.2 million a year earlier.The real reason for Doma’s $3B SPAC dealAfter upending the archaic title insurance industry, Doma plans to pursue home appraisals, warranties and other “high-friction” components of buying a home.The startup, formerly States Title, struck a deal with Mark Ein’s Capitol Investment Corp., last week. The deal values Doma at $3 billion (up from $623 million in May) and will give the startup $510 million in cash proceeds.That’s where it gets interesting.In an investor call, Capitol said it underwrote the deal based on Doma’s existing business.In 2020, Doma collected $190 million in fees, and it projected that number will rise to $464 million by 2023. But CEO Max Simkoff said home appraisals and warranties are next on his list.The pandemic accelerated demand for digital closings, he said. “Everything sped up 10 years into the future, overnight.”And … about Hippo’s $5B IPOHome insurance startup Hippo has scored the ultimate umbrella policy.The six-year-old company is set to go public by merging with a blank-check company backed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. The deal values Hippo at $5 billion — nearly five times its valuation in July 2020. Hippo will get $1.2 billion in cash from the IPO.Based in Palo Alto, Hippo raised $350 million from Japanese insurance giant Mitsui Sumitomo in November. Other investors include Dragoneer, Ribbit Capital, Fifth Wall Ventures and Lennar.STAT OF THE WEEK-24.4%Opendoor’s stock since it began trading on Dec. 21, 2020
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