THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

PHOTO: AMIR SHTRANGER

Nvidia reclaims global market value pole position at $3.86T in June

The California-headquartered tech giant retook the top spot among the most valued companies worldwide, as its shares were supported by renewed optimism over its leadership in artificial intelligence and demand for its AI chips. Read the full story

Surge AI targets $15B valuation with $1B raise

The California-based data-labeling firm that competes with Scale AI has hired advisors to secure as much as $1 billion in the first capital raising in the firm's history, as it seeks to capitalize on growing user demand. Read here

PHOTO:SURGE AI

Netflix holds talks with Spotify to expand live TV

The California-headquartered streaming service has engaged in discussions with the Swedish audio service provider to partner on projects such as music award shows or live concert series as part of its live television push. Read here

PHOTO: NETFLIX

NEWS WORTH NOTING

Amazon deploys 1 million robots, releases AI model

The Seattle-based tech behemoth now has 1 million robots in its warehouses with the latest one delivered to an Amazon fulfillment facility in Japan, putting the e-commerce leader on track to reach another landmark. Read here

PHOTO: TONY WEBSTER

Amazon_Fulfillment_Center,_Shakopee,_Minnesota_(34043258624)Author Tony Webster

NEWS WORTH NOTING

DEALS ROUNDUP

Figma moves closer to a blockbuster IPO at $1.5B’> Read here
Recognize Partners Fund II closes at over $1.7B > Read here
Bain, Warner to launch $1.2B music catalog JV > Read here
Brightstar Capital acquires PlayAGS for $1.1B > Read here
Shore closes Food & Beverage Fund III at $450M > Read here
Catalio Capital closes at over $400M for Fund IV > Read here
TorQuest buys B Riley’s advisory arm for $118M > Read here
Savvy Wealth raises $72M in Series B funding > Read here

INTERNATIONAL MARKETS

KKR outbids Advent in $6.5B battle to buy Spectris

The British scientific instruments maker has agreed to a takeover offer from the New York-based investment firm over a rival bid from the Boston-based firm. Read here

HDB Financial shines in trading debut at over $8B

The Indian financial services firm jumped more than 13%, notching the non-bank lender a valuation of $8.2 billion, as investors bet on India's long-term growth prospects. Read here

Intralot to buy Bally’s digital gaming unit in $3.2B deal

The Greek gaming firm is set to acquire the US-based entertainment company’s International Interactive business in a cash-and-stock deal to expand its UK presence. Read here

AstraZeneca considers moving listing to US

The British–Swedish pharmaceutical company is considering transfering its stock market listing from London, where it is the exchange’s most valuable company. Read here

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