The California-headquartered data and AI startup has secured a historic valuation after raising a whopping $10 billion in one of the largest venture capital funding rounds in history, underscoring the appetite for AI-focused companies.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: DATABRICKS
Databricks hits $62B valuation
in record VC fundraising
The California-headquartered data and AI startup has secured a historic valuation after raising a whopping $10 billion in one of the largest venture capital funding rounds in history, underscoring the appetite for AI-focused companies. Read here
Warburg Pincus secures $2.2B for multi-asset fund
The New York-based private equity firm has completed the first close of its inaugural continuation fund, securing commitments exceeding its target from HarbourVest Partners, Ardian, and CPP Investments.Read here
PHOTO: WARBURG PINCUS
Merck signs $2B obesity drug deal with Hansoh
The New Jersey-based pharmaceutical and healthcare giant has inked an agreement with the Chinese biopharmaceutical company to develop and commercialize its experimental obesity drug.Read here
PHOTO: KUEBI
Bain’s $1.7B takeover offer rebuffed by Insignia
The Australian financial services provider has rejected the Boston-based buyout giant’s bid, saying the offer does not provide fair value to its shareholders, creating a barrier for the firm’s Asia expansion plans.Read here
A bumper pace of new share sales across the Middle East in 2024 is expected to continue next year, despite recent debuts highlighting valuation concerns. Read here
Kioxia’s shares surge in debut at $5.8B valuation
Shares of the Japanese memory and storage solutions leader soared 14% in their market launch, highlighting strong investor demand for the third biggest IPO in Japan. Read here
Blackstone buys Tokyo Garden Terrace for $2.6B
The alternative investments giant has finalized an agreement to acquire the high-end mixed-use development located in the Kioicho district of Tokyo from Seibu Holdings. Read here
Novo Nordisk invests $1.2B in new factory in Denmark
The Ozempic maker is committing to building a 430,000-square-foot production facility and warehouse in Odense after securing approval to buy three plants abroad.Read here
