France Leads in Generative AI Funding Race in Europe
France is leading in the generative AI funding race in Europe, according to a new report.
Deals
Payments Giant Stripe Acquires Lemon Squeezy for Undisclosed Amount
The payments company Lemon Squeezy announced that it has been acquired by competitor and industry giant Stripe for an undisclosed amount.
Israeli Cybersecurity Startup Wiz Rejects Google’s $23 Billion Acquisition: Report
The startup said it will instead focus on reaching $1 billion in revenue before considering publicly selling its shares...
Barbie Creator Mattel's Shares at an Uptick After L Catterton Reveals Buyout Offer
French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters...
Aurea Group Agrees to Acquire The Body Shop Out of Bankruptcy for Undisclosed Amount
The Aurea Group and several investors are expected to acquire The Body Shop after it announced its bankruptcy earlier this year...
US Online Spending Surge to $7.2 Billion, Thanks to Amazon Prime Day Frenzy
The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion...
Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate
The board of the department store Macy’s unanimously decided to termin...
Latest News
Fisker Files for Bankruptcy as Negotiations With Major Carmaker Come to Close
Fisker filed for bankruptcy after purchase talks with a multinational automaker failed.
Hyundai Set to Offer 142 Million Shares for India IPO: Report
Hyundai intends to sell 142.2 million shares in an IPO for its Indian subsidiary.
China's Li Visits NZ to Strengthen Business, Trade Ties
Chinese Premier Li Qiang is in New Zealand for a three-day trip aimed at strengthening business and trade ties between the two countries.
Amazon and Vrio to Challenge Starlink with Satellite Internet Launch in South America by 2025
Amazon and Vrio plan to deploy 3,236 low Earth orbit satellites to provide broadband internet to South American countries, directly competing with Elon Musk's Starlink.
OpenAI Teams up With Oracle to Increase Computing Capacity for ChatGPT
Oracle is helping OpenAI and Microsoft to boost ChatGPT's processing capability.
TikTok Shop-Tokopedia Merger Could Leave Thousands of Employees Jobless; Almost 500 Already Terminated
The TikTok Shop-Tokopedia merger in Indonesia could leave thousands of employees jobless. ByteDance has already begun terminating hundreds of staff.
PH Telco Giant PLDT Aims to Sell Almost 50% of Its Stake; $1 Billion Deal Now Being Finalized
A Philippine telco giant is planning to sell almost 50% of its business. It's now finalizing a $1 billion deal with a foreign entity.
Cognizant to Acquire Digital Engineering Firm Belcan for Nearly $1.3 Billion
Cognizant has announced the acquisition of digital engineering firm Belcan for nearly $1.3 billion.
Robinhood Acquires Crypto Platform Bitstamp for $200 Million
It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion.
