Today: September 11, 2024
Today: September 11, 2024

Acquisition

Asia|Business|Technology

Grab no longer buying Trans-cab, Singapore watchdog says

Grab, Southeast Asia's biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore's third-largest taxi operator, Trans-cab, according to a

Grab no longer buying Trans-cab, Singapore watchdog says
Business

AMD to acquire AI software startup in effort to catch Nvidia

AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities.

AMD to acquire AI software startup in effort to catch Nvidia
Business

EU regulators set new Feb 14 deadline on Amazon/iRobot deal

European Union (EU) antitrust regulators will decide by February 14 next year on whether to clear Amazon's $1.4 billion acquisition of robot vacuum maker iRobot, according to a

EU regulators set new Feb 14 deadline on Amazon/iRobot deal
Business

Biogen cuts annual profit forecast on higher deal costs (Nov 8)

Biogen cut

Biogen cuts annual profit forecast on higher deal costs (Nov 8)
Business

Airbnb acquires AI startup GamePlanner.AI

Airbnb said on Tuesday it has acquired GamePlanner.AI, a 12-person startup, for an undisclosed sum, amid rapid adoption of artificial intelligence that has taken the tech world by storm

Airbnb acquires AI startup GamePlanner.AI
Business

Exclusive-EU to approve Amazon's iRobot deal without conditions - sources

European Union antitrust regulators are set to approve without conditions Amazon's $1.4 billion acquisition of robot vacuum maker iRobot, three people familiar with the matter

Exclusive-EU to approve Amazon's iRobot deal without conditions - sources
Business

Broadcom to lay off 1,300 VMware employees following takeover

Chipmaker Broadcom will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, Bloomberg News reported on Thursday.

Broadcom to lay off 1,300 VMware employees following takeover
Business|Technology

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues

Adobe’s planned $20 billion acquisition of online design company Figma is being called off due to pushback in Europe over antitrust concerns

Adobe calls off $20 billion deal for Figma after pushback from Europe over possible antitrust issues
Business

Japan-US ties stronger than ever, minister says amid US Steel scrutiny

Japanese Industry Minister Ken Saito said on Friday that U.S.-Japanese ties were "stronger than ever", although he declined to comment directly on growing scrutiny in the United

Japan-US ties stronger than ever, minister says amid US Steel scrutiny
Business

Vulcan rocket's space debut will be crucial for Boeing-Lockheed venture as sale talks loom

A lot is riding on the first launch of the new Vulcan rocket by the United Launch Alliance, a joint venture of Boeing and Lockheed Martin.

Vulcan rocket's space debut will be crucial for Boeing-Lockheed venture as sale talks loom
Business

Japan's Nippon Steel exec meets US Congress members amid US Steel deal

Japan's Nippon Steel Executive Vice President Takahiro Mori has met U.S. Congress members to discuss acquisition of U.S.

Japan's Nippon Steel exec meets US Congress members amid US Steel deal
Business|News|Technology|World

Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the US and Europe

Amazon has called off its proposed acquisition of iRobot, with the ecommerce giant blaming "undue and disproportionate regulatory hurdles."

Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the US and Europe
Education|News|Political

Ruling moves University of Idaho closer toward controversial bid to acquire University of Phoenix

The University of Idaho says a judge's ruling helps it move closer to acquiring the for-profit University of Phoenix for nearly $700 million

Ruling moves University of Idaho closer toward controversial bid to acquire University of Phoenix
Business

HP claims $4 billion losses in London lawsuit over Autonomy deal

Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate

HP claims $4 billion losses in London lawsuit over Autonomy deal
Arts|Business|Entertainment|News

Blackstone beats Concord with $1.6 billion bid for Hipgnosis Songs

Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, trumping an offer from Concord for the music rights owner of artists such as Shakira and Red Hot Chili Peppers

Blackstone beats Concord with $1.6 billion bid for Hipgnosis Songs
Business|Technology

Billionaire Frank McCourt's Project Liberty forms consortium to bid for TikTok's US operations

Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his organization, Project Liberty, is forming a consortium to buy social media platform TikTok in the

Billionaire Frank McCourt's Project Liberty forms consortium to bid for TikTok's US operations
Business|Technology

ABB buys Siemens's wiring accessories business in China

ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.

ABB buys Siemens's wiring accessories business in China
Business|Economy|Technology

Robinhood bets big on crypto with $200 million deal for Bitstamp

Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital

Robinhood bets big on crypto with $200 million deal for Bitstamp
Business|Economy|Technology

Robinhood buying crytocurrency exchange Bitstamp for about $200 million

Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally

Robinhood buying crytocurrency exchange Bitstamp for about $200 million
Business|Economy|Food

AmEx to buy restaurant booking platform Tock for $400 million

American Express is buying Squarespace-owned restaurant booking platform Tock for $400 million to expand its foothold in the dining industry, a category that accounted for

AmEx to buy restaurant booking platform Tock for $400 million
Business|Economy

Nippon Steel's Mori to visit US again next week for talks on US Steel takeover

Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday.

Nippon Steel's Mori to visit US again next week for talks on US Steel takeover
Business|Economy|Technology

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage
Business|Technology

Ericsson shares fall after another $1 billion Vonage impairment charge

Telecom equipment maker Ericsson has recorded another billion-dollar impairment charge for its acquisition of cloud communications firm Vonage in 2021,

Ericsson shares fall after another $1 billion Vonage impairment charge
Uncategorized

AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race

By Max A.

AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race
Business|Technology

Google is close to making its biggest acquisition ever

Google is close to making its biggest acquisition ever

Google is close to making its biggest acquisition ever

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