The round was led by existing investor Tribe Capital and co-led by Pelion Ventures, according to a statement on Tuesday, which was confirmed by Bloomberg News. Other participants include Y Combinator, Marbruck Ventures and True Arrow . Based in Mexico…
This will be one of the largest deals in the history of ChatGPT developer. Founded in 2021, Statsig builds tools that help software developers test and flag potential new features. Its services have been used by employees at OpenAI, Eventbrite…
BT and Transaction Network Services (TNS) today announced that TNS has agreed to acquire BT’s Radianz business. The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including regulatory approvals. Founded over 20…
Elliott said the position makes it one of PepsiCo’s largest shareholders. The company sent a letter to its board of directors on Tuesday. PepsiCo said it would consider Elliott’s proposals in the context of its growth strategy, which it said…
The spin-off, which is scheduled to be completed in the second half of 2026, is the latest in a series of restructurings among major global consumer brands that once embraced the conglomerate model but are now rethinking their business structures…
The investment comes as Shields transitions to private ownership following the $10 billion acquisition of its former parent Walgreens Boots Alliance by Sycamore Partners. Specialty pharmacies sell medications that require special storage, handling, and distribution conditions, often used by patients…
The secondary sale values each share at $1,381.06, according to an internal memo to staff seen by Bloomberg. The document also notes that the company has already received demand for the shares from both new and existing investors. Employees of…
McLaren Group Limited’s owners — Bahrain’s sovereign wealth fund Mumtalakat and Abu Dhabi-based CYVN Holdings — will take full control of the racing team, the sources said, speaking on condition of anonymity to discuss the deal. They will buy out…
The Uzbek state-backed company is seeking a valuation of about $20 billion, including debt, two sources said, citing a nearly 30% rise in the price of gold this year and the market multiples of other gold miners. Shares of companies…
According to a statement from Western Midstream, the deal will pay Aris investors 0.625 of a share of Western Midstream common stock with an option to receive $25 per share in cash, a 23% premium to Tuesday’s closing price. The…
The deal includes a flagship plant and research center in Sweden, as well as a site for a future plant in Germany, the company said in a statement. Lyten said it plans to work with the Swedish and German governments…
Adani Power Ltd. won the tender announced by state-owned Bihar State Power Generation Co., offering 6,075 rupees ($0.07) per unit of electricity — the lowest bid in a “rigorous competitive process,” Adani Power said in a statement on Thursday. The…