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NWay Raises $5M Series A Round

NWay, a San Francisco-based gaming startup, has raised a $5 million Series A funding round. The investment was led by TransLink Capital, with participation from Baseline Ventures’ Steven Anderson, Cowboy Ventures’ Aileen Lee, Harrison Metal’s Michael Dearing, and Lightspeed Venture Partners’ Jeremy Liew.

Jay Eum, managing director at TransLink Capital is joining Steve Anderson, founder of Baseline Ventures on nWay’s board of directors.

[Image courtesy: nWay]

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Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.