Keywords: Acquisition
Meta has acquired Moltbook, an experimental social network designed for artificial intelligence agents, bringing its founders into the company’s AI research division. The deal, first reported by Axios, will see Moltbook cofounders Matt Schlicht and Ben Parr join Meta Superintelligence Labs, the......
Brazilian pharmaceutical company EMS is seeking to expand its international presence following the acquisition of the Brazil-based Sanofi unit, Medley, for more than $500 million. The deal strengthens EMS’s leadership position in Latin America’s generics market and positions the company for......
Electronic Arts has laid off an undisclosed number of employees across the four studios responsible for developing Battlefield 6, despite the game’s strong commercial performance and recent industry recognition. The layoffs, first reported by IGN, affect staff at DICE, Criterion Games, Ripple......
The French government has acquired a preferential "golden share" in the defense company LMB Aerospace following its sale to an American firm, according to a decree published in the Official Journal on Sunday. This move gives France a veto right over decisions that could affect its strategic......
Jeff Bezos’ artificial intelligence venture Project Prometheus is seeking tens of billions of dollars to build a new holding company that will buy industrial businesses reshaped by AI, deepening the Amazon founder’s latest return to an executive role in the technology sector. The planned......
Finland’s IQM Quantum Computers has agreed to merge with Real Asset Acquisition Corp, a US-listed special purpose acquisition company, in a deal that would take the quantum hardware maker public at an equity valuation of about 1.8 billion dollars. The transaction, which remains subject to approval......
Two years after Broadcom completed its $61 billion acquisition of VMware, the large scale customer exodus many had predicted has not materialized. Instead, companies are gradually scaling back their reliance on VMware as they reassess long term infrastructure strategies. A new report released by CloudBolt......
A wave of consolidation, executive turnover and financial strain is reshaping the traditional hi fi industry, placing some of the sector’s most established names under new ownership as agile competitors gain ground. An analysis published by Headphonesty highlighted how legacy audio brands continue......
The European Commission on Friday approved Universal Music Group’s 775 million dollar acquisition of Downtown Music Holdings, subject to conditions requiring the sale of Downtown’s royalty accounting platform Curve to address competition concerns. The conditional clearance concludes a months......
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