The move paves the way for the company to debut on the New York Stock Exchange on Wednesday, amid a wave of new IPOs that the market has seen after a long hiatus. NIQ provides data on consumer shopping behavior,…
Reka AI builds large language models (LLMs), the core technology behind generative AI. The company claims to be able to develop such models more efficiently than its competitors. The startup was founded in 2022 by former researchers at Google (an…
Consumer goods group Reckitt said it would retain a 30% stake in Essential Home, which makes Air Wick air fresheners, Cillit Bang detergents and Mortein insecticides. Reuters previously exclusively reported that the parties were in talks about a sale, with…
Athora Holding Ltd. will acquire Pension Insurance Corp. Group, according to a statement from Reinet Investments SCA, which holds an indirect 49.5% stake in the insurer . Reinet first invested in PICG in 2012 , providing an initial £400 million…
Blackstone is buying Vista’s stake in Cvent for $1.3 billion. Representatives for Vista and Blackstone declined to comment. Vista originally invested in Tysons, Virginia-based Cvent in 2016, when it acquired the company for about $1.7 billion. During its ownership, the…
The deal will expand Greek company Intralot’s presence in the UK online gaming market and strengthen its technology offerings by incorporating Bally’s digital and casino platforms. The deal, which is expected to close in the fourth quarter, includes €1.53 billion…
Cloud Software Group, the owner of Citrix and Tibco, is the result of a $16.5 billion leveraged buyout, one of the largest in 2022. Vista bought Tibco in 2014 and merged it with Citrix in a 2022 deal. According to…
Shares of consumer debt collector Jefferson Capital opened at $19 a share, above the offering price of $15 a share. The U.S. IPO market has rebounded in recent weeks after President Donald Trump’s trade policy changes unsettled investors and froze…
Andreessen Horowitz led a Series E round for Pittsburgh-San Francisco startup Abridge, joined by Khosla Ventures. Several well-funded startups have emerged that are trying to reduce physician burnout associated with record-keeping and other administrative duties. “We’ve seen healthcare adopt generative…
Amazon said in a statement that the commitment would help drive demand for cloud computing and artificial intelligence in Australia, accelerating their adoption and scaling. Australian Prime Minister Anthony Albanese said the investment in data centers in Sydney and Melbourne…
The deal comes amid a sharp rally in the silver market, which hit a 13-year high earlier this week as investors rushed to safe haven assets in response to rising geopolitical risks. The precious metal has jumped 25% this year,…
Micron Technology’s spending will include about $150 billion for domestic manufacturing capacity and another $50 billion for research and development, the company said in a statement on Thursday. Micron said the total is a $30 billion increase from what it…