The California-headquartered tech giant retook the global market value crown at $3.86T, driven by surging demand for its AI chips. Meanwhile, UK-based Spectris agrees to a $6.5B takeover by New York’s KKR, edging out a rival bid from Boston-based Advent.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

    Nvidia 700 Amir Shtanger

    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

      SURGE AI 300

      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

      NETFLIX 300

      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

      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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