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title: Dell nears deal to sell $5B in AI servers to Elon Musk’s xAI
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The Texas-based tech giant is close to an agreement to provide the Tesla CEO’s artificial intelligence company with servers optimized for AI work, according to sources familiar with the matter.

| View in browser THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS PHOTO: E3 2006 Dell nears deal to sell $5B in AI servers to Elon Musk’s xAI The Texas-based tech giant is close to an agreement to provide the Tesla CEO’s artificial intelligence company with servers optimized for AI work, according to sources familiar with the matter. Read here Diamondback in talks to buy Double Eagle for $5B The Texas-headquartered independent oil and natural gas company is resuming negotiations to acquire the EnCap-backed energy producer with assets in the Permian Basin for more than $5 billion. Read here PHOTO: DIAMONDBACK PSG closes $8B across two growth equity funds The growth equity firm specializing in technology-enabled services has concluded its sixth North American flagship fund, PSG VI, and a $2 billion continuation fund, which includes six portfolio companies. Read here PHOTO: PSG NEWS WORTH NOTING OpenAI board rejects Musk’s $97.4B takeover  The California-based artificial intelligence pioneer has rejected the bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and the bid insincere. Read here PHOTO: JERNEJ FURMAN DEALS ROUNDUP Antares launches with more than $1.4B investable capital  Kayne Anderson to sell 89 Energy III to Validus in $850M deal Blackstone eyes $800M loan to finance New York office deal NY Giants’ potential stake sale attracts private equity firms Sarepta Therapeutics closes $600M in senior credit facility Apptronik raises $350M in Series A funding led by B Capital Antithesis receives $30M in funding led by Amplify Partners Integrail snags $10M in seed funding for expansion efforts Terrain Biosciences nabs $9M seed funding for RNA therapies Surus takes in $8M in seed funding to expand operations INTERNATIONAL MARKETS CD&R eyes partial exit from Motor Fuel in $8.8B deal The New York-headquartered private investment firm is exploring the sale of a significant minority stake it holds in the UK’s largest independent forecourt operator. Read here Nokia to gain absolute EU nod for $2.3B Infinera deal The Finnish telecommunications firm is set to secure unconditional antitrust clearance for its acquisition of the American optical semiconductors maker. Read here Assura rejects $2B buyout bid from KKR, pension fund The British healthcare property developer has declined the acquisition offer from the global investment firm and the Universities Superannuation Scheme fund. Read here Perpetual gets new offer for wealth and trust units The Australian financial services company has confirmed that it received a revised proposal for its wealth management and corporate trust businesses from KKR. Read here JOIN OUR FREE WEBINAR! AI’s Role in Deal-Sourcing and M&As MARCH 5, 12:30 PM EST REGISTER HERE Join Our LinkedIn Community Questions? Please email us at marketing@cyndx.com.  Did a friend forward you this email? Subscribe here. Cyndx Networks LLC, 525 Okeechobee Blvd. #840, West Palm Beach, Florida 33401 Unsubscribe Manage preferences |
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