The parent company of Facebook, Instagram, and WhatsApp is considering the construction of a 25,000-mile underwater fiber-optic line stretching across the globe, with sole ownership held by the second-biggest driver of internet usage worldwide.
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Meta plans to build $10B subsea cable spanning the world
The parent company of Facebook, Instagram, and WhatsApp is considering the construction of a 25,000-mile underwater fiber-optic line stretching across the globe, with sole ownership held by the second-biggest driver of internet usage worldwide.Read here
Databricks raises $5B; now a $55B AI leader
The California-based company specializing in data analytics and artificial intelligence solutions is reportedly securing $5 billion in its latest funding round, valuing the company at $55 billion.Read here
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Tesla leads November's global market value surge
The market capitalization of the American electric vehicle and clean energy company founded by Elon Musk surged 38.1% to $1.1 trillion last month, the highest among top global companies.Read here
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Bain-backed Kioxia sets price range for IPO
The Boston-based private investment firm has set a tentative price range of $9.22 to $10.09 per share for the Japanese chipmaker’s initial public offering, which is set for December.Read here
The Australian miner will acquire its smaller rival in an all-share takeover that hands it full ownership of the Hemi project, a tier-one asset in the Pilbara region. Read here
Pension fund ABP buys $2.8B in mortgage loans
The Netherlands’ largest fund for civil servants and teachers with around 530 billion euros in assets has acquired a mortgage portfolio managed by Dutch lender NIBC. Read here
$2B Ipsos weighs binding offer to buy Kantar Media
The French market research group is working with advisers as it lines up financing for the acquisition of the British data, insights, and consulting company. Read here
Unilever looks to sell food brands with $1B in sales
The British multinational consumer goods company is looking to sell several food brands as part of its earlier announced plans to streamline its food business.Read here
