The multinational automobile manufacturer is set to call off negotiations with its Japanese rival, abandoning a tie-up that would have created the world's third-largest automaker.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Nissan board agrees to scrap
$60B Honda merger talks
The multinational automobile manufacturer is set to call off negotiations with its Japanese rival, abandoning a tie-up that would have created the world's third-largest automaker. Read here
Alphabet massively ramping up AI spending
Google’s parent has announced that it would boost capital expenditures to $75 billion this year — a whopping 42% increase — to accelerate its AI progress, showing that it isn't backing out of the AI spending war. Read here
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OpenAI eyes Abu Dhabi’s MGX for fundraising talks
The California-based artificial intelligence pioneer's CEO Sam Altman plans to visit the United Arab Emirates to discuss raising funds with the investment group, according to sources. Read here
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NEWS WORTH NOTING
DoiT acquires Kubernetes provider PerfectScalek
The California-headquartered cloud optimization company has bought the North Carolina-based developer of an automated Kubernetes (K8s) optimization and governance platform.Read here
BP to spend up to $25B in Iraq’s Kirkuk oil and gas
The British oil major is expected to invest in a project to redevelop four oil and gas fields in the oil-rich region, as Baghdad seeks to win back foreign investment. Read here
European AI startups raised $8B in 2024 amid frenzy
There has been a boom in artificial intelligence startups in Europe, with AI companies representing around 20% of all VC funding in the region in 2024 alone. Read here
Brookfield matches offers for Insignia at $1.9B
The Canadian investment firm has thrown its hat into the ring for the Australian money manager, offering to match bids from Bain Capital and CC Capital Partners. Read here
Alstom to sell German plant to defense firm KNDSE
The French train maker has agreed to sell its Görlitz factory to the military equipment maker, which will start the production of assemblies for the Leopard 2 battle tank. Read here
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