1.1B

TECH

Substack raised $100M from the Chernin Group, a16z, and others, sources say at a $1.1B valuation, as it builds a social network and focuses on advertising (New York Times)

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TECH

LumApps, which makes intranet software, agrees to merge with frontline staff communication app Beekeeper in a deal valuing the combined entity at about $1.1B (Reuters)

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TECH

EQT agrees to sell Japanese automotive electronics manufacturer Pioneer for $1.1B to CarUX, a unit of Taiwan-listed Innolux specializing in smart cockpit tech (Cathy Chan/Bloomberg)

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