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mergers & acquisitions

Autonomy founder Mike Lynch acquitted of fraud over Hewlett-Packard deal

by Edgar Davis
Autonomy founder Mike Lynch acquitted of fraud over Hewlett-Packard deal

Autonomy founder Mike Lynch, who was once hailed as Britain’s answer to Steve Jobs, was acquitted of fraud on Thursday by a jury in San Francisco, a major win for …

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Billionaire Frank McCourt preparing to make bid for TikTok

by Edgar Davis
Billionaire Frank McCourt preparing to make bid for TikTok

Billionaire businessman and real estate mogul Frank McCourt said he’s putting together a consortium to purchase TikTok’s US business, adding to the number of investors hoping to benefit from a new federal …

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TikTok owner ByteDance reportedly will shut down app rather than sell site as it faces ban

by Edgar Davis
TikTok owner ByteDance reportedly will shut down app rather than sell site as it faces ban

TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight a US ban – despite …

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Steve Mnuchin seeks AI partner to rebuild TikTok’s algorithm: sources

by Edgar Davis
Steve Mnuchin seeks AI partner to rebuild TikTok’s algorithm: sources

Steve Mnuchin is angling to partner with an AI firm that can quickly rebuild TikTok’s algorithm as he looks to orchestrate a blockbuster bid to acquire the China-owned app, The …

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Software giant Salesforce in advanced talks to buy Informatica

by Edgar Davis
Software giant Salesforce in advanced talks to buy Informatica

Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in …

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TikTok’s US revenue hit $16B as potential forced sale looms: report

by Edgar Davis
TikTok’s US revenue hit B as potential forced sale looms: report

TikTok’s US revenue reportedly hit a whopping $16 billion last year – driving up the potential price tag for interested suitors after the House passed a bill requiring the China-owned …

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Walmart reportedly in talks to buy TV maker Vizio for $2B

by Edgar Davis
Walmart reportedly in talks to buy TV maker Vizio for B

Walmart is in talks to buy smart-television manufacturer Vizio for more than $2 billion, the Wall Street Journal reported Tuesday, a move that could bolster its advertising business and give it control …

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Apple ramping up plans to integrate AI into iPhones: report

by Edgar Davis
Apple ramping up plans to integrate AI into iPhones: report

Apple has been steadily pouring resources into the pursuit of advanced intelligence products – and the tech giant is reportedly planning to integrate the features into future versions of its …

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EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report

by Edgar Davis
EU regulators plan to block Amazon’s .7B iRobot acquisition: report

The European Union’s competition watchdog plans to block Amazon’s $1.7 billion deal for robot vacuum maker iRobot, The Wall Street Journal reported Thursday, citing people familiar with the matter. Shares of the Roomba vacuum …

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Elon Musk’s X grapples with misinformation, lost advertisers

by Edgar Davis
Elon Musk’s X grapples with misinformation, lost advertisers

One year ago, billionaire and new owner Elon Musk walked into Twitter’s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began …

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