trending Market Intelligence /marketintelligence/en/news-insights/trending/y8m2y6yreolq3koc2iqjxa2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Australia's Unlockd opts for voluntary administration, blames Google

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Australia's Unlockd opts for voluntary administration, blames Google

Australian tech startup Unlockd Media Pty Ltd. has entered into voluntary administration, saying anti-competitive actions from Alphabet Inc. unit Google Inc. prevented the company from raising sufficient funds to proceed, according to The Australian Financial Review.

Plans for an IPO were scrapped in April after Google reportedly threatened to pull Unlockd's app from its Google Play Store and AdMob advertising marketplace for violating the tech giants' policies.

Despite ongoing legal proceedings against Google, efforts to raise new funds were unsuccessful, which made Unlockd's board to decide June 12 to go into administration, according to the report.

Advisory firm McGrathNicol is reportedly guiding Unlockd on investment options and a potential acquisition.