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Byju's sells American assets Epic and Tynker at a low price
Byju’s has sold its American assets, Epic and Tynker, at a significantly reduced price. This move reflects the ongoing challenges faced by the edtech giant in the competitive market. The sale raises questions about the future direction of Byju’s and its strategic priorities.
vertex group unveils ambitious growth plan of 1000 crore through ai and acquisitions
Vertex Group has unveiled an ambitious growth plan worth Rs 1,000 crore, focusing on leveraging artificial intelligence, strategic acquisitions, and expanding its market presence. This blueprint aims to enhance the company's competitive edge and drive significant growth in the coming years.
grab denies acquisition talks with goto amid ongoing market speculation
Grab has denied reports of a potential $7 billion acquisition of Indonesian rival GoTo, stating no discussions or agreements are currently in place. Both companies have faced financial pressures, with Grab reporting a $158 million net loss in 2024 and GoTo a $331 million loss, amid ongoing speculation about a merger. Regulatory concerns in Indonesia highlight the government's focus on maintaining market competition and protecting its tech ecosystem.
qualcomm to purchase alphawave semi for 2.4 billion dollars
Qualcomm is set to acquire semiconductor company Alphawave Semi for $2.4 billion. This strategic move highlights Qualcomm's commitment to expanding its portfolio in the semiconductor industry. The deal is expected to enhance Qualcomm's capabilities in advanced technology solutions.
warner bros discovery to separate streaming and cable units by 2026
Warner Bros. Discovery plans to split into two publicly traded companies by mid-2026, separating its streaming and studio assets from its global network and cable holdings. The restructuring aims to enhance operational efficiency and attract investors aligned with each unit's growth strategies. The Streaming & Studios unit will be led by David Zaslav, while the Global Networks division will be headed by CFO Gunnar Wiedenfels, with both units entering transitional agreements to ensure continuity.
sci appoints lazada co-founder as ceo and acquires ai startup
SCI has appointed a new CEO, a co-founder of Lazada, and has also acquired his AI startup. This strategic move aims to enhance SCI's capabilities in the rapidly evolving tech landscape.
Meta explores potential investment in Scale AI exceeding 10 billion dollars
Meta is reportedly in discussions to invest in Scale AI, with the potential deal exceeding $10 billion. This significant investment highlights Meta's ongoing commitment to enhancing its capabilities in artificial intelligence and machine learning technologies.
Yageo plans to implement strict controls to safeguard technology if its acquisition of Japan's Shibaura Electronics succeeds, addressing national security concerns. The Taiwanese firm, which specializes in chip resistors, is in a bidding war with Minebea Mitsumi, having raised its offer to 6,200 yen per share. Yageo aims to enhance its product portfolio and expand Shibaura's market access while ensuring compliance with Japan's Ministry of Economy, Trade and Industry.
Ecom Express Delhivery deal results in losses for minority shareholders
Ecom Express has entered a distress deal with Delhivery, resulting in significant losses for minority shareholders. This development raises concerns about the implications for investor confidence and the overall financial health of the company.
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