Altman and Nadella rift may put $14 billion partnership at risk: Report
A deepening rift is emerging in one of the biggest partnerships of the AI boom . The $14 billion deal between and OpenAI paired a hot startup with a legacy giant, giving each party something that the...
Deliveroo shares jump after DoorDash makes $3.6 billion takeover bid for the British food delivery business
Deliveroo shares popped more than 22% on Britain’s FTSE 100 Monday after the company confirmed it got a $3.6 billion takeover offer from . Deliveroo also hit pause on its stock buyback program ahead o...
Boeing is offloading parts of its digital aviation solutions unit for $10.55 billion
is selling a sizable chunk of its digital aviation solutions business — including its interactive flight planning and navigation subsidiary, Jeppesen — to private equity firm Thoma Bravo for $10.55 bi...
Novo Nordisk slumps following trial results for Eli Lilly’s weight-loss pill
Novo Nordisk, the Danish maker of Ozempic and Wegovy, fell almost 10% early on Tuesday — its first trading session since rival unveiled strong trial results for its experimental weight-loss pill last...
Capital One and Discover jump after getting green light to close their $35 billion megamerger
Shares of and ticked higher on Monday, defying the broader market slump, after US banking regulators signed off on their $35 billion megamerger. The approval from the Office of the Comptroller of th...
Hertz soars after Bill Ackman discloses stake
Rental car company Hertz jumped more than 20% after Bill Ackman’s investment firm Perishing Square announced a roughly 4% stake in the company. Perishing Square bought 12.71 million shares of Hertz, v...
Meta offered $450 million to settle its antitrust trial — about $29.5 billion less than the FTC wanted
The Federal Trade Commission’s antitrust trial against is now heading into its third day, as the company’s acquisitions of Instagram and WhatsApp in 2012 and 2014, respectively, are hauled into quest...
Intel sells stake in Altera at about half the valuation it bought it for in 2015
jumped Monday after announcing a deal to sell a 51% stake in its Altera unit to private equity firm Silver Lake, as CEO Lip-Bu Tan takes his first tangible step at remaking the ailing American chip gi...
Prada strikes $1.38 billion deal for Versace after last-minute dramatics
Prada has sealed a deal to buy rival luxury fashion house Versace for $1.38 billion — a $200 million markdown as both brands brace for rising US trade costs and cooling luxury demand. The deal briefly...
Intel jumps on report of joint venture with TSMC
surged on a report from The Information that it’s reached a preliminary deal to form a joint venture with to operate Intel’s chip-making operations. TSMC would take a 20% stake in the venture, The In...
Aston Martin’s business is sputtering — its billionaire chairman just keeps injecting funds
When Aston Martin decided to go public in 2018, the luxury sports carmaker was eyeing an IPO valuation that could see it race past the likes of Ferrari, boosted by hopes for a new lineup amid a boomin...
AppLovin is also bidding for TikTok: Report
Turns out the list of US tech companies that might be mulling a bid for TikTok isn’t limited to the megacap household names. CNBC’s Marc Faber reports that ad tech firm is making an offer for TikTok, ...
Amazon is reportedly making a last-minute play to buy TikTok as the ban deadline looms
Amazon has reportedly put in a bid to snatch up TikTok, which is set to be banned in the United States this weekend unless ByteDance divests the incredibly popular social media app. has appeared to ha...
Ubisoft carves out its biggest games with a $1.25 billion investment from Tencent
French games maker Ubisoft, which makes major franchises like “Assassin’s Creed,” “Far Cry,” and “Rainbow Six,” is spinning off those titles into a new subsidiary. Taking a 25% minority stake in the c...
Big Tech is back to doing what it does best: gobbling up startups for billions
The technology world is Pac-Man. Big Tech navigates a maze of hardware, software, and talent, trying to build products that change the world, or just make a lot of money, while avoiding the ghosts — r...
Dollar Tree will sell struggling Family Dollar for $1 billion. It bought it for $9 billion.
Dollar Tree will sell its ailing brand Family Dollar after years of struggling to improve its operations. said Wednesday that it had reached a deal to sell Family Dollar for $1 billion to investment f...
Chipmaker FuriosaAI says no to Meta’s $800 million offer
After depending almost exclusively on chips to build their AI models, it seems everyone is hedging their bets and making their own chips. Amazon , OpenAI , and Google all have either deployed or are ...
Google’s biggest deal ever comes with a $3.2 billion gamble
Google just inked a $32 billion acquisition of cloud security firm Wiz — its largest-ever deal — after reportedly upping its original $23 billion offer from last year, which had fallen apart over regu...
Intel drops as TSMC rumors batted down
shares look to be in for a rough day after a prominent board member poured cold water on rumors that the Taiwanese giant would take over Intel’s struggling foundry division, which runs its US semicon...
Alphabet agrees to buy Wiz in its biggest acquisition ever
Alphabet’s deal to buy the cybersecurity startup isn’t just back from the dead ; it’s been signed. The $32 billion all-cash acquisition is the search giant’s biggest ever. In a blog post justifying th...