Tag: sources say
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Germany to unveil Nvidia AI agreement next week, government sources say
BERLIN, Oct 16 : Germany is set to announce a cooperation agreement with US chipmaker Nvidia next week to expand the use of artificial intelligence in German industry, government sources said on Friday, adding the plan will involve partners beyond Nvidia and be a major contribution to industrial AI. Business
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The Knot Worldwide to acquire Zola in wedding platform union, sources say
NEW YORK, Oct 14 : The Knot Worldwide has agreed to buy its smaller peer Zola, adding to its portfolio of leading wedding-planning brands, according to two people familiar with the deal. The Knot, which is owned by investment firm Permira, helps couples find local wedding vendors and create personalized wedd
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Elliott and Siris explore $2 billion-plus Gigamon sale, sources say
NEW YORK, Oct 7 : Elliott Investment Management and Siris are exploring a sale of Gigamon that could value the infrastructure software provider at more than $2 billion, according to people familiar with the matter.The firms have tapped investment bankers at Bank of America and Perella Weinberg Partners to ad
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Exclusive-Tiger Global, Dragoneer in talks to invest in Kalshi’s new $1 billion fundraise, sources say
NEW YORK, Sept 29 : Kalshi is in advanced discussions to raise about $1 billion in fresh funding from existing and new investors, including Tiger Global Management and Dragoneer Investment Group, according to people familiar with the matter, as the prediction markets exchange looks to cement its lead over arch-riva
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Syngenta files for Hong Kong IPO, aiming to raise at least $5 billion, sources say
Sept 15 : Swiss seeds and agrichemicals company Syngenta Group has confidentially filed for a Hong Kong initial public offering, aiming to raise at least $5 billion, according to two people with direct knowledge of the matter.The Basel-based company, controlled by Chinese state-owned Sinochem, hopes to launch
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Samsung’s India public policy chief resigns, sources say
NEW DELHI, Sept 15 : Samsung India’s head of public affairs and ESG, Rajiv Aggarwal, has resigned after nearly four years in the job, two sources with knowledge of the departure said on Tuesday.The reason for his resignation was not clear.Aggarwal, who oversaw the South Korean tech giant’s relationship
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Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say
Sept 11 : Anthropic is in talks to bring Nvidia as an anchor investor into what could be the largest IPO in history, two people familiar with the matter told Reuters.Anthropic is seeking to raise as much as $100 billion that could value the artificial intelligence startup at around $2 trillion, the people sai
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JD.com’s Ceconomy concessions face criticism from rivals, sources say
BRUSSELS, Sept 10 : JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 billion purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters.They said the European Commission, which acts as the Eu
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Chinese AI firm Moonshot files confidentially for Hong Kong IPO, sources say
HONG KONG, Sept 3 : Chinese AI startup Moonshot has confidentially filed for a Hong Kong initial public offering, joining a slew of domestic and global rivals in pursuing a public listing, said three people with knowledge of the matter.The company is targeting to raise $3 billion in the offering, one of them
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Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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