The Tesla CEO’s Nevada-based artificial intelligence startup is in talks to raise funding for his newly combined AI company and social media business, in a transaction that would value the company at more than $120 billion.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

    Elon Musk xAI 700 FREEPIK

    PHOTO: FREEPIK

    Elon Musk’s xAI Holdings in talks

    to raise $20B from investors

    The Tesla CEO’s Nevada-based artificial intelligence startup is in talks to raise funding for his newly combined AI company and social media business, in a transaction that would value the company at more than $120 billion. Read here

      Merck in $3.9B deal to buy biotech SpringWorks

      The German pharmaceutical has struck a deal to buy the Connecticut-based biopharmaceutical company, as the European group seeks to acquire treatments for rare tumours to boost its cancer drugs business. Read here

      PHOTO: MERCK

      Merck

      Deliveroo soars after $3.6B DoorDash approach

      Shares in the British meal delivery company jumped 17% in early deals, the first trading session after it said it had received a cash buyout proposal from the California-based food ordering and delivery service. Read here

      PHOTO: MISSVAIN

      DOORDASH 300

      NEWS WORTH NOTING

      NEWS WORTH NOTING

      Global stocks reject news of import trade collapse

      The S&P 500 had a particularly good 5-day streak, rising 6.4%, while early trading in Europe and Japan was robust as investors brushed off a swathe of reports showing dramatic declines in the US import trade. Read here

      PHOTO: PIXABAY

      business

      DEALS ROUNDUP

      • Global equity funds see week of inflows on easing tensions
      • Adnoc sells $1.5B debut Sukuk to diversify funding sources
      • Ant Group enters brokerage with $362M Bright Smart buy
      • Huma surpasses $4B in transactions after launching 2.0
      • Fora gets $40M Series C led by Thrive and Insight Partners
      • Aqualung Carbon Capture closes Phase 1 2025 financing
      • Symbiotic raises $29M in Series A funding led by Pantera
      • Surfin Meta Digital Technologies closes $26.5M funding
      • Early cancer detection startup Craif raises $22M funding

        INTERNATIONAL MARKETS

        $28B Toyota Industries rises on Toyota Motor buyout bid

        Shares of the Japanese manufacturer were set for their biggest daily jump on record after the automaker said it was considering a potential buyout of the key parts supplier. Read here

        India signs $7.4B deal to

        buy 26 Rafale fighter jets

        New Delhi has inked and agreement with Paris to buy 26 Rafale fighter aircraft for its navy, after the purchase was approved earlier this month by the country’s security cabinet. Read here

        Mediobanca in bank M&A war with $7B Banca Generali bid

        The Italian investment bank struck back in its fight for independence with an offer for the wealth manager to be financed through its stake in insurer Generali. Read here

          Private equity firms target European defence assets

          Tikehau Capital, CVC Capital Partners, and Weinberg Capital Partners are ramping up investments in defence sector amid a historic rearmament drive across Europe. Read here

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