According to two people familiar with the matter at hand, the U.S. Department of Energy is closing in on a deal to purchase a supercomputer made with chips from Nvidia Corp and Advanced Micro Devices Inc even as a key lab waits for a larger supercomputer from Intel Corp that has seen delays for months.…
In a statement Microsoft Corp said, it would acquire artificial intelligence and speech technology firm Nuance Communications Inc for around $16 billion. The development sees Microsoft’s expands in the cloud solutions for healthcare customers. The deal comes in the wake of a 2019 partnership wherein both companies had partnered to automate clinical administrative work including…
According to a report from the Financial Times, in recent months, Microsoft Corp had approached Pinterest Inc for a potential acquisition. The social media company is worth at least $51 billion, said the report. Negotiations on the deal are not currently active, said FT in its report.
In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…
In a statement social network firm Reddit said, it would acquire TikTok rival short-video platform Dubsmash. Although Reddit did not disclose the financial terms of the deal its spokeswoman said the acquisition was based on a combination of cash and stock. TikTok’s proliferance has led many social media companies to add short-video services to their…
On Monday, computer gaming giant Electronic Arts said, it had agreed to acquire Codemasters for $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software. Under the terms of the agreement, shareholders of Codemasters will receive 604 pence per share, compared with the 485 pence per share Take-Two had offered.
According to sources familiar with the matter at hand, Amazon.com Inc is in talks to acquire podcast startup Wondery which has a valuation of more than $300 million. Sources have cautioned that negotiations are ongoing and there is no certainty that a deal will be struck. Last month, Bloomberg News had reported that both, Sony…
In a statement chip supplier Marvell Technology Group Ltd said, it has agreed to acquire Inphi Corp in a cash and stock deal worth $10 billion aimed at broadening its footprint in the 5G network infrastructure and in the data centers space. While Marvell supplies chips that move data around on copper-based cables, its peer…
On Monday, in a statement Japan’s SoftBank Group Corp said, Nvidia Corp has agreed to acquire its chip designer Arm for $40 billion in a deal that is potent enough to reshape the global semiconductor industry. The acquisition places a vital supplier of Apple Inc and others under the control of a single player. The…
According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…
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