The California-based tech giant has laid out its plan to invest over the next four years in high-end engineering and education, including establishing a new factory in Houston, Texas, to produce servers to support its AI projects.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Apple commits $500B to US manufacturing, AI server facility
The California-based tech giant has laid out its plan to invest over the next four years in high-end engineering and education, including establishing a new factory in Houston, Texas, to produce servers to support its AI projects. Read here
Equitable to boost AB stake after $2B deal
The New York-based insurance specialist aims to raise its stake in money manager AllianceBernstein Holding after striking a new reinsurance deal that will unlock more than $2 billion of cash.Read here
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Apollo’s RRAM buys Irradiant, adding $11B
Redding Ridge Asset Management is purchasing the California-headquartered collateralized loan obligation manager, as credit firms continue to merge as part of their growth efforts.Read here
PHOTO: APOLLO
NEWS WORTH NOTING
Tesla begins hiring for Cybercab manufacturing
The Texas-based electric vehicle and clean energy company has signaled its push toward the production of its upcoming autonomous vehicle, with job listings for technicians and engineers based in Austin.Read here
The largest water and wastewater services provider in the UK has received a preliminary bid from the Hong Kong infrastructure investment company for a majority stake. Read here
Just Eat shares soar 54% after $4.3B Prosus offer
The European food delivery giant is poised to be acquired by the Dutch technology investor in an all-cash deal to create a "European tech champion" of food delivery. Read here
National Grid sells $1.7B
US green unit to Brookfield
The British power utility has reached a deal to sell its American onshore renewables business to Canadian investment firm Brookfield Asset Management. Read here
Perpetual ends talks with KKR on $1.4B sale of units
The Australian financial services company has terminated talks with the global investment firm for the sale of its wealth management and corporate trust arms.Read here
