DAILY NEWSLETTER

LATEST NEWS ON MERGERS & ACQUISITIONS,
CAPITAL MARKETS AND TECH TRENDS

TODAY’S TOP STORIES

APOLLO, BC PARTNERS NEAR DEAL FOR $5.6B GFL ECO-MANAGEMENT UNIT

The New York-based alternative asset manager and the London-headquartered private equity firm have agreed to acquire a controlling stake in the Canadian waste manager’s environmental services arm.

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PHOTO: GFL

Microsoft plans $3B investment to expand AI, cloud Azure services

The Washington-headquartered tech giant plans to broaden its artificial intelligence and cloud offering in India, turning to the world’s most populous nation to fuel its revenue growth engine.

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PHOTO: MIKE MOZART

Phillips 66 strikes $2.2B EPIC NGL deal to boost natural gas liquids bet

The Texas-based energy major has said it will acquire various pipelines and distribution systems from the Ares-backed pipeline operator in an all-cash deal, as it seeks to prop its hydrocarbon processing.

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PHOTO: CAROL M HIGHSMITH

Disney’s Hulu + Live TV arm to merge with Fubo, to form Venu Sports

Walt Disney is planning to merge its stake in Hulu’s streaming service with its smaller rival, removing a significant hurdle to the launch of its sports streaming venture with Fox Corp and Warner Bros Discovery.

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PHOTO: HULU+LIVE TV

DEALS ROUNDUP

Microsoft to spend $80B to build AI data centres in 2025
Getty Images acquires Shutterstock to create $3.7B firm
Nvidia’s Project Digits is a ‘personal AI supercomputer’
Buk raises $50M in Series B; valued at approximately $850M
Julius Baer to sell Brazil unit to BTG Pactual for $101M
Behavior-based fraud prevention firm ThreatMark gets $23M funding
U.S. Steel, Nippon sue Biden administration over decision to block merger
Aptitude Medical nabs $10M+ from Bill & Melinda Gates Foundation
KKR exploring sale of Japan’s Seiyu supermarket chain
RoboForce grabs $10M for AI robots solving human labor shortages

INTERNATIONAL MARKETS

Toyota’s next-generation cars will be built with Nvidia supercomputers

The Japanese carmaker has announced that its cutting-edge vehicles will have automated driving capabilities powered by the AI firm’s Drive AGX Orin and DriveOS.

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Scotiabank to take $980M charge on Colombia unit deal

The Canadian lender has agreed to transfer its operations in Colombia, Costa Rica, and Panama to Banco Davivienda, saying it will take an after-tax charge as a result.

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Chipmaker NXP to buy Austria's TTTech Auto for $625M

The Dutch semiconductor manufacturer has agreed to acquire the Vienna-based car safety-critical solutions provider in a bid to strengthen its automotive operations.

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Swiss Insurer Helvetia said to mull sale of German division

The multinational insurance company is considering a potential $663 million sale of its operations in Germany and plans to collect non-binding offers, according to reports.

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