British American Tobacco, a FTSE 100 cigarette maker that owns the Kent, Dunhill and Lucky Strike brands, said on Wednesday it had completed the sale of 313 million shares in Indian consumer goods company ITC under an accelerated bookbuilding process.…
The $500 million funding nearly doubles Cyera’s $3.4 billion valuation from late last year. The round is led by Lightspeed, Greenoaks and Georgian, with participation from existing investors Accel, Sequoia Capital and Sapphire Ventures. Cyera was founded in 2021 by…
“Chip is the peak we need to climb and the uphill battle we cannot avoid if we want to become a big hard technology company,” said Xiaomi billionaire co-founder Lei Jun. The Chinese company plans to unveil its first home-grown…
Supplier Taiwan Semiconductor Manufacturing Co. is more than doubling its investment to $4 billion from previous commitments, according to a statement Friday. The company held a groundbreaking ceremony for its first plant in Sherman on Thursday. GlobalWafers is among a…
Shares of the Bermuda-based specialty insurer opened at $33.25 apiece, above the offer price of $30. The imposition of tariffs by US President Donald Trump has shaken markets and cast a shadow over new listings, but companies considered less sensitive…
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…