The Tesla CEO's artificial intelligence company has bought the social media platform formerly known as Twitter in a deal that allows the value of Elon Musk’s AI firm to be shared with his co-investors in the company.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Musk’s xAI acquires social media platform X in $33B deal
The Tesla CEO's artificial intelligence company has bought the social media platform formerly known as Twitter in a deal that allows the value of Elon Musk’s AI firm to be shared with his co-investors in the company. Read here
Scale AI seeking $25B valuation in tender offer
The California-based artificial intelligence startup is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology. Read here
PHOTO: SCALE AI
Affinity’s assets jump to $4.8B with cash injection
The Florida-based investment company saw assets under management jump 60% last year after it received a capital infusion from Middle East investors including Qatar's sovereign wealth fund. Read here
PHOTO: ORIGIN/AFFINITY
NEWS WORTH NOTING
NEWS WORTH NOTING
Apple revamping Health app to add an AI coach
The California-headquartered tech giant is developing a new version of its wellness application that includes a coach that can advise users on how to get healthier based on data from the users’ medical devices. Read here
EQT, First Kraft make offer for Fortnox, at $5.5B value
The Swedish financial technology company's largest owner and the private equity group have made a joint cash offer for the firm, pushing its share price up 36%. Read here
Temasek, GIC to buy stake in clinical tester at $1.9B
The Singaporean state-owned investment company and sovereign wealth fund will acquire a significant share in Novotech to fuel growth and accelerate acquisitions. Read here
Domain Holdings to back CoStar’s $1.8B buyout bid
The Australian digital property portal would recommend its shareholders to vote in favor of the US property data group’s takeover approach that values the it at $1.76 billion. Read here
BOC Aviation to grow fleet with 120 Airbus, Boeing jets
The Singapore-based aircraft leasing company will purchase the single-aisle planes from the European and American aerospace giants as it seeks to grow its fleet to 1,000. Read here
