The artificial intelligence pioneer is set to complete a new funding round led by the Japanese conglomerate at a $300 billion valuation to advance AI research, expand computational infrastructure, and enhance its tools.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

    Mobile_phone_with_ChatGPT_on_the_US_dollar_banknotes_background_(52917311695)_Jernej Furman

    PHOTO: JERNEJ FURMAN

    OpenAI to raise $40B in SoftBank-led round to boost AI efforts

    The artificial intelligence pioneer is set to complete a new funding round led by the Japanese conglomerate at a $300 billion valuation to advance AI research, expand computational infrastructure, and enhance its tools. Read here

      Rocket Companies to buy Mr Cooper for $9.4B 

      The Michigan-based financial technology firm is set to acquire the home loan service provider, boosting its mortgages business in a mega real-estate deal to take advantage of the housing rebound. Read here

      PHOTO: ROCKET COMPANIES

      ROCKET COMPANIES 300

      Brookfield nears $9B deal for Colonial Pipeline

      The global investment management firm is reportedly putting the final touches on an agreement to acquire the largest US fuel transportation system after emerging as the winner of the auction process. Read here

      PHOTO: COLONIAL PIPELINE

      COLONIAL PIPELINE 300

      NEWS WORTH NOTING

      Similarweb buys affiliate firm The Search Monitor

      The leading digital data and market intelligence company has acquired the pioneer in ad monitoring for paid search optimization and benchmarking. strengthening its ability to offer tools that empower brands. Read here

      PHOTO: CYNDX

      acquirer predicterd this deal

      DEALS ROUNDUP

      • LG Energy unit to pay $2B for Michigan GM battery venture
      • AI-powered cybersecurity firm ReliaQuest valued at $3.4B
      • Level Equity closes growth equity funds totalling $1.4B
      • Isomorphic Labs raises $600M to fuel AI drug discovery
      • Construct Capital secures $300M for defense technology
      • Unicorn Zepz grabs $165M, continues challenging PayPal
      • Temporal Technologies snags $146M at $1.72B valuation
      • Spark, Mayfield, Kleiner Perkins pour $75M into  Retym 
      • Chef Robotics completes $43M in Series A funding round

        INTERNATIONAL MARKETS

        Ceva Animal Health hits $10B valuation, eyes IPOs

        The French veterinary products specialist has raised fresh equity, with shareholders, including the billionaire Bettencourt-Meyers family, increasing their stake. Read here

        Banks launch $8.1B debt sale for Sanofi unit buyout

        Lenders, including Goldman Sachs and Citigroup, have launched a credit issuance to finance Clayton Dubilier & Rice’s purchase of a stake in the consumer health division. Read here

        KKR and JIC make $2.3B tender offer for Topcon

        The global investment firms have announced an acquisition proposal for the Japanese medical and precision positioning equipment manufacturer, according to a report. Read here

          Vale to receive $1B in Alianca Energia JV deal

          The Brazilian miner has agreed to form a joint venture with Global Infrastructure Partners, where it would sell 70% of the renewable energy unit to the investment firm. Read here

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