The prolific entrepreneur known for Tesla, SpaceX, and his dramatic acquisition of Twitter (now X), has added another milestone to his portfolio. His artificial intelligence startup has reached a valuation that surpasses Twitter’s.
The prolific entrepreneur known for Tesla, SpaceX, and his dramatic acquisition of Twitter (now X), has added another milestone to his portfolio. His artificial intelligence startup has reached a valuation that surpasses Twitter’s.Read here
Mubadala to acquire CI Financial in $8.7B deal
The Abu Dhabi-based alternative asset management arm of Mubadala Investment Company has agreed to take the Canadian asset and wealth manager in an all-cash deal, including debt.Read here
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Anthropic, Amazon ties deepen with $4B funding
The California-based AI safety and research company has announced an expansion of its partnership with Amazon Web Services, solidifying a collaboration that aligns cutting-edge AI with cloud technology.Read here
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Tricentis gets $1.33B investment from GTCR
The Texas-based specialist in continuous testing and quality engineering received the fresh capital from the Illinois-based growth-oriented private equity firm at a $4.5 billion valuation.Read here
Siemens secures $10.5B bridge loan for Altair deal
The German technology company has secured a facility to be syndicated out to more than 10 banks to fund its acquisition for the software maker, which is its largest ever. Read here
KKR, CPPIB seek to raise $4.2B to split Axel Springer
The investors are looking to raise the debt to finance their bid to separate the German media conglomerate’s classified ads businesses from its news operations. Read here
Banco BPM rebuffs underpriced UniCredit bid
The Italian banking group dismissed the unsolicited takeover offer by its rival, saying it undervalued the bank, tied its hands in strategic deals and created new risks. Read here
Globalia confirms interest from Air France-KLM
The owner of Air Europa confirmed that it received interest from the Franco-Dutch group for a 20% stake in the Spanish airline, as well as interest other airlines and funds.Read here