Google's parent company is in talks to purchase the Israel-based cloud security startup, restarting discussions that were called off last summer of what could be the California-based conglomerate’s largest acquisition to date.
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Alphabet in talks to acquire cloud cybersecurity firm Wiz for $33B
Google's parent company is in talks to purchase the Israel-based cloud security startup, restarting discussions that were called off last summer of what could be the California-based conglomerate’s largest acquisition to date. Read here
Fintechs, cryptos seek bank charters for growth
Financial technology firms and cryptocurrency companies are aiming to become state or national banks to expand under the current industry-friendly environment, according to industry executives. Read here
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Elon Musk’s xAI buys gen-AI video specialist
The California-headquartered artificial intelligence company has acquired Hotshot, a startup working on AI-powered video generation tools along the lines of OpenAI’s Sora text-to-video model. Read here
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NEWS WORTH NOTING
ClickHouse buys HyperDX to boost observability
The California-based company behind the world’s fastest analytical database has acquired the open-source observability platform, reinforcing its commitment to delivering scalable solutions to developers.Read here
Allianz to sell stake in India joint ventures for $2.8B
The German multinational financial services company is offloading its 26% stake in two strategic alliances with financial services firm Bajaj Finserv to the Bajaj Group. Read here
Partners Group in $2.2B deal to buy US gas plants
The Switzerland-based private equity firm has agreed to acquire a portfolio of 11 natural gas power plants in California from investment firm Avenue Capital Group. Read here
India okays LG Electronics’ potential $1.5B mega IPO
The Securities and Exchange Board of India has approved the initial public offering of the South Korean firm’s unit, which includes the sale of up to 10.18 crore equity shares. Read here
Grab to move forward
with talks to buy rival GoTo
The Singaporean ride and delivery firm has been evaluating the accounts, contracts, and operations of its Indonesian peer as it proceeds with its acquisition attempt. Read here
