Tag: deal
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May Mobility to list on Nasdaq via $1.4 billion SPAC deal
Sept 16 : Autonomous ride-hailing technology firm May Mobility has agreed to go public in the U.S. through a $1.4 billion deal with blank-check firm ACP Holdings Acquisition, the companies said on Wednesday.Developers of autonomous driving systems are attracting growing interest from investors and automakers
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South Korea’s SK Hynix union approves tentative wage deal with management
SEOUL, Sept 16 : SK Hynix’s South Korean union has approved a tentative wage agreement with management, the chipmaker said on Wednesday, ending weeks of uncertainty after workers narrowly rejected an earlier deal.The agreement is expected to formally conclude this year’s wage and collective bargaining negotia
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Dell’s DFO Management and Sequence to take Baldwin private in $7.7 billion deal
Sept 14 : Dell chief Michael Dell’s DFO Management, along with Sequence Holdings, will take Baldwin Group private in a $7.7 billion deal, the companies said on Monday, providing the insurance broker greater flexibility to pursue AI investments.The deal reflects a growing shift to private ownership to finance
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DOJ probes Nvidia’s licensing deal with AI startup Groq, NYT reports
Sept 9 : The U.S. Justice Department is investigating whether Nvidia tried to skirt antitrust scrutiny of the chipmaker’s licensing deal last year with AI chip startup Groq, the New York Times reported on Wednesday, citing two people familiar with the matter.Nvidia announced a $17 billion deal with Groq last
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Finland: Google announces €13 billion AI, energy investment
Google has announced a plan to expand AI data centers and buy massive amounts of nuclear energy. Finland’s security services have warned of there are risks, but the right-wing government says the deal will bring jobs.
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Chime shares jump as Stride deal puts fintech on path to bank charter
Sept 9 : Chime shares climbed 7 per cent in morning trading on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a bank charter that would allow it to expand its lending business.Over the past few years, Chime has emerged as a major challenger to traditional banking heavyweights,
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Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock
Sept 8 : Qualcomm on Tuesday reached a deal to develop custom chips with Amazon for AI data centers, giving it the right to acquire about $4 billion in shares in exchange for $60 billion in business with the chipmaker.As part of the deal, Qualcomm has granted Amazon a warrant that could allow it to…
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Liverpool announce five-year sponsorship deal with Turkish Airlines
Sept 8 : Liverpool have agreed a five-year deal for Turkish Airlines to become their main club partner from June 1, 2027, which means the first change in the Anfield side’s leading shirt sponsor since 2010, ending a 17-year run for Standard Chartered.The deal announced on Tuesday will be worth in excess of £
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Canada braces for prolonged trade war as counter-tariffs on US take effect
It is the latest escalation since trade talks collapsed in late August, with US officials threatening to hit back if Canada’s counter-tariffs are implemented.
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How to deal with the data center dilemma
AI needs more and more computing power and that means more and more data centers. But where should they be built? And who pays the price in water, energy and resources?
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