Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's goal to roll out Stargate infrastructure
SoftBank Group Corp. has halted talks about an acquisition of US data center operator Switch Inc., a setback …
Quantum computing company IonQ acquires US chipmaker SkyWater for ~$1.8B, paying $35/share, in IonQ's biggest deal yet; SkyWater will operate as a subsidiary
IonQ works with the U.S. government and has been on a deal spree — Quantum-computing company IonQ struck a deal …
Memo: TikTok CEO Shou Chew hailed the establishment of the TikTok USDS JV as “great news”, and said the app is used by 200M US users and 7.5M US businesses
- TikTok has finalized a deal to keep its business operating in the US. — The deal, a US joint venture …
Memo: TikTok CEO Shou Chew hailed the establishment of the TikTok USDS JV as “great news”, and said the app is used by 200M US users and 7.5M US businesses
- TikTok has finalized a deal to keep its business operating in the US. — The deal, a US joint venture …
Sources: Revolut scrapped plans to buy a US lender and will instead apply for a US banking license, betting Trump's lighter touch on approvals will be faster
UK-headquartered fintech had hoped to secure a banking charter through buying an American lender — Stephen Morris in Davos and Laith Al-Khalaf in London
Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Sara Fischer /Axios:
TikTok's new majority US-owned JV includes investors Oracle, Silver Lake, and Abu Dhabi's MGX, each holding 15%, and Dell Family Office; ByteDance retains 19.9%
Video app sets up American unit to handle data and algorithm security — TikTok has established a US data security unit …
Sources: the US and China have approved the sale of TikTok's US business to a group of mostly US investors led by Oracle and Silverlake, set to close this week
The US and China have signed off on a deal to sell TikTok's US business to a consortium of mostly US investors led by Oracle and Silverlake …
A look at the business and geopolitical reasons behind TSMC's international expansion, as Taiwan commits to spend $250B+ in the US as part of their trade deal
TSMC has for decades provided a ‘Silicon Shield’ to its namesake island. Now it sees both business and geopolitical reasons for going big in the U.S.
Microsoft agrees to buy a record 2.85M soil carbon credits from Indigo Carbon linked to regenerative US agriculture; a source values the deal at $171M to $228M
Microsoft (MSFT.O) has agreed with Indigo Carbon to buy a record 2.85 million soil carbon credits linked to regenerative agriculture …