KKR Spectris Acquisition: KKR Wins $6.5B Bid Over Advent
The Spectris board has pulled its support for Advent’s offer after a new bid from KKR. The U.S. investment firm has raised its offer to 40 pounds per share, including cash and dividends. This latest bid values Spectris at 4.7 billion pounds ($6.46 billion), including debt. This increase comes after a bidding war between KKR […]
Google Fusion Venture with MIT Spinoff Commonwealth
Google Partners with Commonwealth Fusion Systems! Google has announced a new partnership with Commonwealth Fusion Systems (CFS), a company spun out of MIT. This is Google’s first step into the world of fusion energy. Under the agreement, Google will buy 200 megawatts of fusion power from CFS’s ARC plant in Virginia. The ARC plant is […]
Meta Superintelligence Investment: $15B to Build Smarter AI
Meta is planning a $15 billion deal to grow its AI efforts. The company may buy a 49% stake in Scale AI, a startup run by Alexandr Wang and Lucy Guo. Mark Zuckerberg is leading the push. Experts say this shows he’s acting like a “wartime CEO,” making fast, bold moves to stay ahead in […]
Qualcomm to Buy Alphawave IP in $2.4B Deal to Boost AI Tech
Qualcomm is buying Alphawave for $2.4 billion. It offered 183 pence for each Alphawave share. This represents a 96% increase over the shares’ value on March 31. After the news, Alphawave’s stock rose over 22%. Qualcomm’s shares also went up by 4%. Alphawave makes chip technology used in data centres. Qualcomm wants to grow in […]
Viper Energy to Acquire Sitio Royalties in $4.1B Stock Deal
Viper Energy to acquire Sitio Royalties in an all-stock deal worth $4.1 billion. The deal also includes Sitio’s debt of about $1.1 billion as of March 2025. Sitio Royalties acquires oil and gas rights in high-activity U.S. oil regions. By March 2025, it had acquired approximately 34,300 net royalty acres through over 200 transactions. Viper […]
Hailey Bieber’s ‘Glazed Donut’ Brings Elf a $1 Billion Win
Hailey Bieber’s ‘Glazed Donut’ look just got a billion-dollar boost. Elf Beauty is buying her skincare brand, Rhode, for $1 billion. That’s a big move. Rhode is famous for its smooth, shiny skin look. People call it the “Glazed Donut” effect. The brand grew fast by keeping things simple and fresh. Now, Elf wants to […]
Salesforce $8 Billion Informatica Acquisition Nears Completion
Salesforce is nearing the acquisition of Informatica in a deal valued at approximately $8 billion. The Wall Street Journal shared this update. The cloud software company is expected to pay $25 per share. The announcement may come soon. This move marks a significant step in Salesforce’s $8 billion acquisition of Informatica. Informatica’s stock rose by […]
10 Richest Americans Gained $365B, Now May Get Big Tax Break
The 10 richest Americans gained $365 billion over the past year, says a new report by Oxfam. This happened even after a short scare in the market. These billionaires made about $1 billion every single day. The average American worker earned just over $50,000 in 2023. Oxfam says it would take 10 average U.S. workers […]
Dick’s Sporting Goods is Buying Foot Locker for $2.4B
Dick’s Sporting Goods is buying Foot Locker for $2.4 billion. Both companies shared the news on Thursday. This is the second big footwear deal this month, following the recent Skechers buyout. U.S. retailers are making bold moves to face weak demand and challenging market conditions. Foot Locker’s stock jumped 75% in premarket trading. It rose […]
Databricks is Buying Neon in a $1B Deal to Improve Data Tools
Databricks is buying Neon for $1 billion! Databricks announced on Wednesday that it is buying Neon, a cloud database startup, for about $1 billion. This isn’t Databricks’ first big buy. Last year, it bought MosaicML, a company that trains AI models, for $1.3 billion. It also bought Tabular, which helps manage data, for over $1 […]