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