After several weeks of due diligence by CoStar, which owns 16.9% of Domain, the companies agreed to the US firm’s offer of A$4.43 per share. Media company Nine Entertainment, Domain’s largest shareholder, has expressed its support for the deal and…
LG Electronics will invest about $600 million over four years in a plant to be built in the southern state of Andhra Pradesh. The plant will start producing air conditioners next year, followed by washing machines, refrigerators and compressors by…
Blackstone will remain the majority shareholder of Redwood City, Calif.-based Liftoff. The transaction is expected to close in mid-2025, the companies said. Founded in 2012, Liftoff helps companies acquire and retain app users, working with brands like Amazon, PayPal, and…
The deal comes as Parkland’s largest shareholder, Simpson Oil Ltd., appears to be on the verge of gaining control of the Calgary-based company’s board of directors. Simpson has launched a proxy fight and said Friday it has secured a majority…
The acquisition could help OpenAI overcome growing competition in the market for AI-powered coding assistants — systems capable of performing tasks such as writing code based on natural language prompts. Windsurf, officially called Exafunction Inc., was recently in talks with…
On May 3, SpaceX employees will vote to create the Starbase municipality, a settlement near Elon Musk’s spaceport. And although they lack 4,500 residents to establish a charter, the existing funding and planning are already enough for autonomy. Why does…
DoorDash, which controls two-thirds of the restaurant delivery market in the US, will expand its presence to more than 40 countries with the acquisition of Deliveroo. Last year, the two companies had gross order value of about $90 billion and…
New York-based 3G said in a statement that it would pay $63 per share in cash for Skechers, a 30 percent premium to the company’s 15-day volume-weighted average share price. Going private would help Skechers weather Trump’s trade war without…
Anysphere has raised $900 million from investors including venture capital funds Thrive Capital, Andreessen Horowitz, and Accel. During the previous round of funding, which took place in January of this year, Anysphere was valued at $2.5 billion. Then the company…
The Maldives International Financial Centre, to be built in the Malian capital over the next five years, will have no corporate taxes or residency requirements and will also offer tax-free inheritance, MBS said in a statement. MBS, the family office…
The new round was led by Accel and New Enterprise Associates with participation from StepStone Group, Overmatch Ventures, Tru Arrow Partners and Valor Equity Partners. The Los Angeles-based startup specializes in advanced detection, monitoring, and communications solutions for the defense…
According to state-owned coal company Bukit Asam, which is building the plant in partnership with US firm Air Products and Chemicals, the plant is designed to process 6 million tonnes of low-grade coal to produce 1.4 tonnes of dimethyl ether…