Meta strikes a geothermal data center deal described as a milestone for an emerging green energy source.
confirmed 1 article 2024-08-29
Meta geothermal data center
Meta's 2024 Sustainability Report shows its market-based emissions are nearly half of its location-based emissions, highlighting the issue of tracking emissions
The Verge · 2024-08-29 · #30
The combined business reports 450K+ merchants across 5 markets, 65M customers, $180M payment volume in Egypt, $20M disbursed in merchant financing with <1% default, and 4,000+ employees.
confirmed 1 article 2024-08-28
merged company
Kenya-based Wasoko and Egypt-based MaxAB, two of Africa's largest B2B e-commerce platforms, merge in an all-stock deal; the companies raised over $240M combined
TechCrunch · 2024-08-28 · #24
Kenya-based Wasoko and Egypt-based MaxAB merged in an all-stock deal to form a combined B2B e-commerce company.
confirmed 1 article 2024-08-28
Wasoko MaxAB
Kenya-based Wasoko and Egypt-based MaxAB, two of Africa's largest B2B e-commerce platforms, merge in an all-stock deal; the companies raised over $240M combined
TechCrunch · 2024-08-28 · #24
Sources report that Amazon aggregator Branded plans to acquire Heyday in a merger that would create a new company named Essor, with Branded issuing $521M in equity in the new company to Heyday.
rumored 1 article 2024-08-27
Branded Heyday Essor $521M equity
Sources: Amazon aggregators Branded and Heyday plan to merge; Branded would acquire Heyday in exchange for $521M in equity in a new company to be named Essor
Bloomberg · 2024-08-27 · #28
G Squared bought approximately $135 million of Anthropic shares from FTX during FTX's bankruptcy proceedings.
confirmed 1 article 2024-08-26
G Squared Anthropic FTX
Chicago-based G Squared raised $1.1B for a fund to buy secondary startup shares; G Squared bought ~$135M in Anthropic shares from FTX during its bankruptcy
Financial Times · 2024-08-26 · #20
Meta reportedly plans to reuse La Jolla's display and eye-tracking technologies in other future devices.
rumored 1 article 2024-08-25
Meta display eye-tracking
Sources: Meta cancels a premium MR headset codenamed La Jolla, in development since November, that was meant to debut in 2027 to compete with Apple's Vision Pro
The Information · 2024-08-25 · #26
Lidl has signed up enterprise clients including SAP for its cloud services.
confirmed 1 article 2024-08-25
Lidl SAP
A look at Germany-based discount retailer Lidl's foray into offering cloud computing services, signing up clients like SAP and generating €1.9B in sales in 2023
Financial Times · 2024-08-25 · #10
Lidl (via a unit) acquired Israeli cybersecurity company XM Cyber for about $700M.
confirmed 1 article 2024-08-25
Lidl XM Cyber
A look at Germany-based discount retailer Lidl's foray into offering cloud computing services, signing up clients like SAP and generating €1.9B in sales in 2023
Financial Times · 2024-08-25 · #10
Brighton Park now holds a majority stake in TickPick as part of the $250M investment.
confirmed 1 article 2024-08-22
Brighton Park TickPick
Ticketing service TickPick raised $250M from Brighton Park, which now has a majority stake, and Symphony; the app has 2M MAUs and processes nearly $1B annually
Bloomberg · 2024-08-22 · #24
Zomato acquires Paytm's entertainment ticketing business for $244.1M.
confirmed 1 article 2024-08-22
Zomato Paytm entertainment ticketing business
Zomato acquires Paytm's entertainment ticketing business for $244.1M; the division contributed about 9% to Paytm's overall revenue in Q1 2024
TechCrunch · 2024-08-22 · #30
Mike Lynch sold Autonomy to HP for $11B.
confirmed 1 article 2024-08-22
Mike Lynch Autonomy HP
Mike Lynch experienced some of the most extreme career highs and lows of any UK tech entrepreneur, selling Autonomy for $11B to HP before a 12-year legal ordeal
Financial Times · 2024-08-22 · #2
HP acquired Autonomy for $11B.
confirmed 1 article 2024-08-22
HP Autonomy
Mike Lynch experienced some of the most extreme career highs and lows of any UK tech entrepreneur, selling Autonomy for $11B to HP before a 12-year legal ordeal
Financial Times · 2024-08-22 · #2
Since 2023, 30% of Tencent's deals in China have targeted AI startups.
confirmed 1 article 2024-08-21
Tencent AI startups
Since 2023, Chinese investors, including Alibaba and Tencent, have valued 6+ China-based startups developing LLMs, dubbed “Little AI Dragons”, at $1B+ each
Wall Street Journal · 2024-08-21 · #17
AMD agrees to acquire ZT Systems for $4.9 billion, with the deal expected to close in the first half of 2025.
confirmed 1 article 2024-08-20
AMD ZT Systems $4.9B H1 2025
AMD is strengthening its AI and data center ecosystem by acquiring ZT Systems for their server and hyperscale systems design expertise to accelerate deployment of AMD-powered AI infrastructure.
confirmed 1 article 2024-08-20
AMD ZT Systems
The in-house modem chip is intended to replace Qualcomm's modem chips, with a full rollout taking a few years.
rumored 1 article 2024-08-19
Apple Qualcomm's modem chip
A look at Apple's work on its in-house modem chip, which may debut in select iPhones in 2025 to replace Qualcomm's chip, with a full rollout taking a few years
Bloomberg · 2024-08-19 · #4
Palmer Luckey sold Oculus to Facebook (reportedly the Oculus acquisition by Facebook, commonly cited at $2.7 billion).
confirmed 1 article 2024-08-19
Palmer Luckey Oculus Facebook
AMD agrees to acquire New Jersey-based ZT Systems, a company founded in 1994 that designs and makes servers and other data-center infrastructure used for AI, for $4.9B; the deal is expected to close in H1 2025.
confirmed 1 article 2024-08-19
AMD ZT Systems
AMD agrees to buy New Jersey-based ZT Systems, founded in 1994 to design and make servers, server racks, and other infrastructure, for $4.9B, closing in H1 2025
Wall Street Journal · 2024-08-19 · #2
Rebellions and Sapeon, two South Korean AI chip makers, have agreed to merge.
confirmed 1 article 2024-08-19
Rebellions Sapeon Rebellions Sapeon
Rebellions and Sapeon have signed a definitive merger agreement to combine the two South Korean AI chip makers.
confirmed 1 article 2024-08-18
Rebellions Sapeon
South Korean AI chip makers Rebellions and Sapeon agree to merge; Rebellions has raised $225M+ and Sapeon's shareholders include SK Telecom and SK Hynix
Reuters · 2024-08-18 · #3
Ericsson agrees to sell its network portability and data exchange services unit Iconectiv to Koch Equity Development for $1B; the deal is expected to close in H1 2025.
confirmed 1 article 2024-08-18
Ericsson Iconectiv Koch Equity Development
Facebook acquired Oculus from Palmer Luckey for $2.7 billion.
confirmed 1 article 2024-08-18
Facebook Oculus
A profile of Palmer Luckey, who sold Oculus to Facebook, was fired after donating to a pro-Trump troll group, and now imagines a new age of warfare at Anduril
Tablet · 2024-08-18 · #6
Palmer Luckey sold Oculus to Facebook for $2.7 billion.
confirmed 1 article 2024-08-18
Palmer Luckey Oculus Facebook
A profile of Palmer Luckey, who sold Oculus to Facebook, was fired after donating to a pro-Trump troll group, and now imagines a new age of warfare at Anduril
Tablet · 2024-08-18 · #6
Ericsson will sell its network portability and data exchange services unit Iconectiv to Koch Equity Development for $1B; the transaction is announced and expected to close in H1 2025.
confirmed 1 article 2024-08-17
Ericsson Iconectiv Koch Equity Development
Ericsson to sell its network portability and data exchange services unit Iconectiv to Koch Equity Development for $1B; the deal is expected to close in H1 2025
Bloomberg · 2024-08-17 · #9
Koch Equity Development agrees to acquire Iconectiv, Ericsson's network portability and data exchange services unit, for $1B; the deal is expected to close in H1 2025.
confirmed 1 article 2024-08-17
Koch Equity Development Iconectiv Ericsson
Ericsson to sell its network portability and data exchange services unit Iconectiv to Koch Equity Development for $1B; the deal is expected to close in H1 2025
Bloomberg · 2024-08-17 · #9
EQT agrees to acquire PropertyGuru for $1.1 billion in cash; the deal is expected to close by early 2025. PropertyGuru operates real estate rental and sale listing sites across Southeast Asia.
confirmed 1 article 2024-08-16
EQT PropertyGuru
EQT agrees to buy PropertyGuru, which runs real estate rental and sale listing sites in SE Asia, for $1.1B in cash; the deal is expected to close by early 2025
Bloomberg · 2024-08-16 · #20
SoftBank is reportedly in talks with TSMC about developing an AI chip following unsuccessful talks with Intel.
rumored 1 article 2024-08-15
SoftBank TSMC AI chip
Sources: SoftBank held talks with Intel about making an AI chip to compete with Nvidia, but Intel couldn't meet the requirements; SoftBank is talking to TSMC
Financial Times · 2024-08-15 · #5
Prytek increases its holding in TipRanks from 40% to 80% by investing $80 million.
confirmed 1 article 2024-08-15
Prytek TipRanks 80% stake $80M
Israeli stock research service TipRanks says investment firm Prytek bought 40% of the startup for $80M, giving Prytek an 80% stake; TipRanks has raised $102M
CTech · 2024-08-15 · #17
T-Mobile completed its merger with Sprint in 2020.
confirmed 1 article 2024-08-15
T-Mobile Sprint
CFIUS fines T-Mobile a record $60M for allegedly failing to prevent and report unauthorized access to sensitive data after its Sprint merger in 2020
Reuters · 2024-08-15 · #36
Databricks completed the acquisition of Tabular for nearly $2 billion.
confirmed 1 article 2024-08-14
Databricks Tabular
Interviews with 48+ people detail Snowflake and Databricks' intense rivalry, jockeying to be the dominant platform for organizing AI data, and fear of Microsoft
Bloomberg · 2024-08-14 · #16