Tag: billion deal
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SpaceX enters $40 billion deal with Apollo for AI chip financing
Oct 26 : SpaceX said on Monday it would lease data center hardware, including AI chips, from an entity managed by Apollo Global Management under a deal totaling roughly $40 billion in principal payments.
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Salesforce to acquire Braze in a $5.66 billion deal
Oct 20 : Salesforce said on Tuesday it would acquire customer engagement platform Braze for about $5.66 billion.The customer relationship management platform’s shares fell 2.6 per cent in premarket trading.Braze Class A shareholders will receive $47.50 in cash per share, under the terms of the agreemen
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IonQ to buy cybersecurity firm Elisity in up to $1.3 billion deal
Oct 12 : Quantum computing company IonQ said on Monday it would buy cybersecurity firm Elisity in an all-stock deal valued at up to $1.3 billion, as it looks to expand its quantum security business.IonQ said the acquisition would provide it with expanded channels to bring its quantum offerings to both enter
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GlobalFoundries to make key AI chip component for TSMC in $2 billion deal
Oct 8 : GlobalFoundries on Thursday said it has reached a $2 billion agreement to make a key component used to link AI processors and memory chips for TSMC at its New York facility.Known as a silicon interposer, the component sits beneath processors and memory chips inside advanced AI packages and enables th
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Schneider Electric to buy US software firm PTC in $22.6 billion deal
Oct 5 : France’s Schneider Electric struck its biggest deal ever on Monday, agreeing to buy PTC in an all-cash deal valuing the US software company’s equity at around $22.6 billion, it said in a statement.The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC and represents
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France’s Schneider Electric confirms $22.6 billion deal to buy US software firm PTC
Oct 5 : France’s Schneider Electric said on Monday it had agreed to buy PTC in an all-cash deal valuing the US software company’s equity at around $22.6 billion, confirming reports from Sunday.The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC and represents a 42.3 p
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AMD acquires World Labs in $8.2 billion deal to bolster AI systems strategy
Sept 28 : Advanced Micro Devices said on Monday it would acquire Fei-Fei Li’s AI startup World Labs in an all-stock deal valued at $8.2 billion, giving the chipmaker deeper access to research on AI systems that can understand and simulate the physical world.The deal gives AMD a foothold in AI-model research a
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AMD to acquire Fei-Fei Li’s World Labs in $8.2 billion deal
Sept 28 : Advanced Micro Devices said on Monday that it had entered an agreement to acquire Fei-Fei Li’s World Labs startup in a deal valued at $8.2 billion.San Francisco-based World Labs, which raised $1 billion in a funding round earlier this year, develops spatial-intelligence models. Spatial intell
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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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Aerospacelab wins €2.4 billion deal to build majority of IRIS² satellites
Sept 10 : Belgium’s Aerospacelab said on Thursday it had won a €2.4 billion ($2.8 billion) contract to build 264 satellites for the European Union’s IRIS² network, which is due to offer secure communications for governments, security agencies and commercial users by 2030.Aerospacelab said it would be resp
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