Up to 13 American electric companies are fielding massive requests for new power capacity as top technology companies scour the country for viable locations for new facilities to keep up with the demands of artificial intelligence.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: PIXABAY
US utilities grapple with Big Tech’s massive $36B data center demand
Up to 13 American electric companies are fielding massive requests for new power capacity as top technology companies scour the country for viable locations for new facilities to keep up with the demands of artificial intelligence. Read here
Woodside sells LNG stake to Stonepeak for $5.7B
Australia’s top gas producer has agreed to offload a 40% share in its Louisiana liquefied natural gas plant to the New York-based infrastructure investor Stonepeak, marking a step towards a final decision on the plant. Read here
PHOTO: WOODSIDE
Rogers sells $4.9B stake in network to Blackstone
The New York-based investment firm will own a 49.9% non-controlling interest in a new subsidiary, which is set to hold some of the Canadian media company’s wireless backhaul transport infrastructure. Read here
PHOTO: ROGERS
NEWS WORTH NOTING
NEWS WORTH NOTING
Meta releases new AI flagship model, Llama 4
The California-based tech giant has released a new collection of four artificial intelligence models: Scout, Maverick, and Behemoth – all trained on large amounts of unlabeled text, image, and video data. Read here
Tariff turmoil puts freeze on global M&A dealmaking
From Wall Street to Israel and Sweden, the US government’s new duties – and the equities sell-off they sparked – have rapidly scuttled acquisitions and initial offerings. Read here
SoftBank to raise $4.1B in new retail bond issuances
The Japanese technology investment group is issuing its largest ever bond issuance to retail investors in an effort to redeem existing bonds and cover outstanding payments. Read here
Safran wins EU antitrust nod for $1.8B Collins deal
The French engine and aircraft equipment maker has secured the green light from European Union regulators in its bid for the US group’s flight controls business. Read here
Banco BPM secures 89.9% stake in Anima Holding
The Italian lender has locked in more than the two-third majority threshold set for its buyout offer for the asset manager required to reap the benefits from the deal. Read here
