Microsoft expands cloud solutions for healthcare customers, acquires Nuance for $16 billion

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…

Luxury EV maker Lucid Motors to go public with $11.75 merger with black check company Churchill Capital IV Corp

In a statement luxury electric vehicle maker Lucid Motors stated, it will go public by merging with blank-check firm Churchill Capital IV Corp in a deal that values the combined company at $11.75 billion. Incidentally, CCIV, which has the backing of Michael Klein, and new private investors are getting shares at different prices: the new…

Bugatti and Rimac Automobili are good technology fit: Porsche AG’s CEO

In a development that further fuels speculation of an impending deal between Volkswagen’s supercar brand Bugatti and electric hypercar maker Rimac Automobili, Porsche AG’s CEO told German weekly Automobilwoche that both companies make a good technological fit. Last year, British automotive magazine Car had reported that VW was on the brink of selling Bugatti to…

Volkswagen weighs potential listing of Porsche AG, in push towards electric vehicles

According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…

Electronics Arts acquires Codemasters for $1.2 billion

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.

Quebec-based Lion Electric Co aims to go public through SPAC

In a statement, Lion Electric Co stated it plans on going public through a merger with blank-check company Northern Genesis Acquisition Corp. The startup aims to ramp up production capacity to tap growing demands for electric vehicles. Known for its yellow electric school buses, Quebec-based Lion Electric expects to receive around $500 million of net…

Mobile streaming service Quibi exploring strategic options to raise funds

According to a report from the Wall Street Journal, Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring strategic options including a possible sale, a funding round or going public through a merger with a special purpose acquisition company. When asked to comment, Quibi said it does not comment on rumor…

Property technology startup Opendoor aims to go public, in advanced talks with Social Capital Hedosophia Holdings Corp

According to a report from Bloomberg citing sources with knowledge of the matter at hand, property technology startup Opendoor, is holding advanced talks to go public through a merger with blank-check company Social Capital Hedosophia Holdings Corp. The report states, Social Capital is negotiating with prospective investors to raise fresh equity to help fund its…