November 29, 2024
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GitLab, a Google-backed cloud developer valued at $8 billion, considers sale as acquisition interest grows
Nickie Louise Posted On July 17, 2024


GitLab, a Google-backed software developer renowned for its popular open-source code collaboration platform, is reportedly exploring a potential sale. According to an exclusive report from Reuters, the software developer is working with investment bankers after attracting interest from several companies, […]


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Profitable AI startup SymphonyAI eyes late 2025 IPO after strong growth of $500 million revenue run rate
Nickie Louise Posted On July 16, 2024


Profitable AI startup SymphonyAI is gearing up for a public listing in the second half of next year, CEO Sanjay Dhawan said in a recent interview. The decision follows the company achieving a $500 million revenue run rate last year […]


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Google nears a deal to acquire Israeli cybersecurity startup Wiz for $23 billion, its largest-ever deal
Nickie Louise Posted On July 15, 2024


Google is reportedly near a deal to acquire Israeli cybersecurity startup Wiz for $23 billion, the Wall Street Journal (WSJ) reported on Sunday, citing sources familiar with the ongoing negotiations. The deal, which would be Google’s largest acquisition ever, could […]


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Google abandons plans to buy HubSpot
Nickie Louise Posted On July 10, 2024


In a surprising turn of events, Google parent Alphabet has decided to walk away from its planned acquisition of online marketing software company HubSpot, according to a Bloomberg report that cites sources familiar with the matter. This news comes just […]


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AMD to acquire Finnish AI startup Silo AI for $665 million as AI race heats up
Nickie Louise Posted On July 10, 2024


Advanced Micro Devices (AMD) announced on Wednesday it has reached an agreement to acquire Finnish artificial intelligence startup Silo AI for approximately $665 million in cash. This strategic acquisition is aimed at bolstering the company’s AI chip capabilities to better […]


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German online food delivery giant Delivery Hero faces a potential €400 million fine over antitrust violations
Nickie Louise Posted On July 8, 2024


German online food delivery giant Delivery Hero revealed on Sunday that it may face a fine from the European Commission over alleged antitrust violations. The Berlin-based company told investors that it could be fined over €400 million ($433 million) due […]


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Amazon hires founders of AI startup Adept to lead its push into AI-powered work automation
Nickie Louise Posted On July 1, 2024


Amazon has hired the co-founders of AI agent startup Adept in a move to bolster its artificial intelligence capabilities and enhance its AI-powered work automation efforts. Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders Augustus […]


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Google acquires a stake in BlackRock-backed Taiwanese solar startup to boost energy capacity amid AI boom
Nickie Louise Posted On July 1, 2024


Google announced on Monday it has acquired a stake in Taiwan’s New Green Power (NGP) in a strategic move to advance its sustainability goals. The deal includes capital investment from Google into the BlackRock fund-owned firm. As part of the […]


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Nokia acquires Infinera in $2.3 billion deal to tap into AI-driven data center boom
Nickie Louise Posted On June 28, 2024


Nokia announced on Thursday it has agreed to acquire U.S.-based optical networking gear maker Infinera Corp in a deal valued at $2.3 billion to bolster its optical network business and tap into an AI-fueled data center boom. This strategic acquisition […]


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Did OpenAI just secretly acquire Multi?
Nickie Louise Posted On June 24, 2024


Less than a week following its acquisition of enterprise data startup Rockset, OpenAI has reportedly added another tech startup to its portfolio: Multi. This news was first reported on Hacker News, with no major news outlets confirming the acquisition, except […]


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OpenAI acquires enterprise data startup Rockset to bolster real-time analytics
Nickie Louise Posted On June 21, 2024


OpenAI has acquired enterprise analytics startup Rockset to leverage data more effectively across its suite of products and  “power our retrieval infrastructure across products,” the company said in a blog post on Friday. The announcement comes just a day after […]


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Humane, the hardware startup behind the AI Pin, in talks with HP and telecoms for potential sale
Daniel Levi Posted On June 10, 2024


Humane, the AI startup founded by former Apple designers, is reportedly looking for a potential buyer following the lukewarm reception of its AI Pin wearable, according to CNBC, citing sources familiar with the situation. Sources disclosed to CNBC that Humane […]


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Cognizant to acquire acquire digital engineering firm Belcan for $1.3 billion
Nickie Louise Posted On June 10, 2024


Cognizant Technologies, a leading information technology services provider, announced on Monday it has reached an agreement to acquire digital engineering firm Belcan for approximately $1.3 billion in a combination of cash and stock. This strategic acquisition will broaden Cognizant’s reach […]


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SAP acquires digital adoption startup WalkMe for $1.5 billion
Nickie Louise Posted On June 5, 2024


German software giant SAP announced on Wednesday it has agreed to acquire digital adoption startup WalkMe for a cash transaction valued at $1.5 billion. This offer represents a significant 45% premium over WalkMe’s closing share price from the previous night. […]


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Bitcoin mining startup Riot Platforms bids to acquire rival Bitfarms in $950 million deal
Nickie Louise Posted On May 28, 2024


Bitcoin miner Riot Platforms announced on Tuesday that it has offered to buy all shares from rival Bitfarms in a move aimed at a shake-up of the cryptocurrency mining industry. According to a Reuters report, the deal is pegged at […]


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T-Mobile is buying US Cellular’s Wireless operations for $4.4 billion
Nickie Louise Posted On May 28, 2024


T-Mobile announced on Tuesday that it has reached an agreement to acquire all of United States Cellular’s wireless operations, including its customer base, retail stores, and 30% of its spectrum assets, in a transaction valued at $4.4 billion. Under the […]


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CyberArk acquires cybersecurity firm Venafi for $1.5 billion to bolster machine-to-machine security
Nickie Louise Posted On May 20, 2024


Less than a month after acquiring UK cybersecurity company Darktrace for $5.3 billion in cash, US private equity firm Thoma Bravo appears to be selling off some of the companies in its portfolio. In an announcement on Monday, CyberArk said […]


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Palo Alto Networks acquires IBM’s QRadar cloud security assets to expand its customer base
Nickie Louise Posted On May 16, 2024


Palo Alto Networks announced on Wednesday that it has reached a deal to acquire IBM’s QRadar cloud software assets as part of the cybersecurity giant’s strategy to expand its customer base and enhance its consultant network. While the terms of […]


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Uber to acquire Delivery Hero’s Foodpanda Taiwan business in $1.25 billion deal
Nickie Louise Posted On May 14, 2024


Uber announced on Monday that it has agreed to acquire rival Delivery Hero’s Foodpanda Taiwan business in a $1.25 billion deal that would make the Silicon Valley company the dominant player in Taiwan’s food delivery market. The deal will also […]


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Squarespace to go private in $6.9 billion all-cash deal with private equity firm Permira
Nickie Louise Posted On May 13, 2024


Almost a year after acquiring Google’s domain registrar business for $180 million, Squarespace said today it’s taking itself private in a $6.9 billion all-cash deal with the global private equity firm Permira. In an announcement on Monday, Squarespace said that […]


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