Alat, a $100B Saudi Arabia PIF-backed electronics manufacturing fund, has removed CEO Amit Midha; sources say it has dropped plans to invest in chip production
The Scoop — Know More — Notable — THE SCOOP — Saudi Arabia's sovereign wealth fund has dismissed Alat CEO Amit Midha …
Sources: PayPal isn't in talks to sell itself, to Stripe or anyone, and has been preparing for months for a potential activist campaign or unwanted takeover bid
The Scoop — PayPal isn't currently in talks to sell itself — to Stripe or anyone else — and has been working for months …
Source: Perplexity AI made a TikTok US bid to ByteDance, proposing a merger that brings video to Perplexity, with ByteDance investors retaining their stakes
Elon Musk, Kevin O'Leary And More—Could Buy TikTok As Ban Starts Taipei Times : Perplexity AI submits bid to merge with TikTok US Fortune : Perplexity said to submit bid to merge with TikTok's US unit...
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M
report X: Alex Konrad / @alexrkonrad : Scoop: Stripe is in talks to acquire crypto startup Bridge for $1 billion, sources tell @DavidJeans2 and me in @Forbes. The deal would likely be the fintech unic...
Interviews with 48+ people detail Snowflake and Databricks' intense rivalry, jockeying to be the dominant platform for organizing AI data, and fear of Microsoft
Secret codenames, pugnacious billboards and deal drama mark the competition for data supremacy — Snowflake Inc. was looking for acquisitions. X: @brodyford_ , @brodyford_ , @brodyford_ , and @sundee...
Sources: Anthropic has ruled out taking any Saudi money over national security concerns, as investors jostle to buy into FTX's 8% stake that is now worth ~$1B
report RT Watson / The Block : OpenAI rival Anthropic selling FTX stake, but Saudi buyers left out of consideration: report Ananya Mariam Rajesh / Reuters : Anthropic weighs slate of sovereign wealth ...
Sources: e-commerce roll-up firm Kite, which was cofounded by Blackstone in 2022 and closed a $200M equity commitment, shut down earlier in 2024
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Behind the shut down of a Blackstone-founded e-commerce roll up startup. Kite, which launched with a stack...
Letterboxd's founders sell a majority stake to Canadian company Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+
Post article to X Post article to Facebook Copy article link Tiny : Tiny Announces Majority Acquisition of Letterboxd Alex Weprin / The Hollywood Reporter : Letterboxd, Film Discussion Platform, Sells...
SoundThinking, which makes the sensor-based gunshot-detection system ShotSpotter, acquires parts of Geolitica, which built the predictive policing tool PredPol
https://www.wired.com/... SoundThinking, the company behind the gunshot-detection system ShotSpotter, is quietly acquiring staff, patents, and customers of the firm that created the notorious predict...
Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't identify the specific ...