IBM on Monday said it has acquired Hakkoda, a data and AI consultancy based in New York. The acquisition would “further expand” IBM’s ability to bring consultants and AI to clients, particularly customers in industries like financial services, public sector, and healthcare and life sciences, said Mohamad Ali, SVP and head of IBM’s consulting business,…
Category: Mergers and Acquisitions
AI, AI GPUs, Artificial Intelligence, chips, Enterprise, Global Security News, GPUS, In Brief, Mergers and Acquisitions, nvidia, TC
Nvidia is reportedly in talks to acquire Lepton AI
Nvidia is looking to get into the server rental market. The semiconductor giant is reportedly nearing a deal to acquire Lepton AI, a company that rents out servers that are powered by Nvidia’s AI chips, according to The Information. The deal is reportedly worth several hundred million dollars, according to The Information, which cited unnamed…
AI, Ampere, ARM Holdings, Enterprise, Global IT News, Global Security News, Mergers and Acquisitions, Softbank
SoftBank to acquire semiconductor designer Ampere in $6.5B all-cash deal
SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure. Ampere will be operate as a wholly-owned subsidiary of SoftBank after the deal, which is expected to…
Alphabet, Amazon, Artificial Intelligence, Cloud, Cloud Security, cyber security, Developer, developers, Global Security News, Google, google cloud, M&A, Mergers and Acquisitions, Microsoft, multicloud, Security, wiz
Google Acquires Startup Wiz for $32B to Make ‘Cybersecurity More Accessible And Simpler’
Google’s agreement to buy cloud security startup Wiz will face antitrust scrutiny amid Alphabet’s ongoing legal battles.
Cloud Security, Emerging Tech, Global Security News, Google, Mergers and Acquisitions, Money, wiz
Google acquires Wiz for $32 billion
Google announced Tuesday it will acquire cloud security firm Wiz for $32 billion. The move pairs Google — among the world’s largest cloud service providers — with one of the most promising cloud security startups. The purchase comes less than a year after Wiz rejected a previous $23 billion bid from Google, with executives saying…
Alphabet, Enterprise, Global IT News, Global Security News, Google, Government & Policy, Mergers and Acquisitions, Security, Startups, wiz
Google revives talks to acquire Wiz at higher valuation
Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at a $23 billion valuation last summer, but the transaction failed to materialize. This time, the price being discussed is higher, the person…
AI, Global IT News, Global Security News, hotshot, Media & Entertainment, Mergers and Acquisitions, xAI
Elon Musk’s AI company, xAI, acquires a generative AI video startup
Elon Musk’s AI company, xAI, has acquired Hotshot, a startup working on AI-powered video generation tools along the lines of OpenAI’s Sora. Aakash Sastry, Hotshot’s CEO and co-founder, announced the news in a post on X on Monday. “Over the past 2 years we’ve built 3 video foundation models as a small team — Hotshot-XL,…
Gaming, Global IT News, Global Security News, Mergers and Acquisitions, niantic, pokemon go, scopely
Pokémon Go maker Niantic is selling its games division to Scopely for $3.5B
Mobile gaming giant Scopely on Wednesday said it has agreed to acquire Pokémon Go maker Niantic’s gaming division for $3.5 billion. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Enterprise, Fundraising, Global IT News, Global Security News, Mergers and Acquisitions, Moveworks, ServiceNow
ServiceNow to buy Moveworks for $2.85B to grow its AI portfolio
ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools. ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night. As of…
AI, CoreWeave, Global IT News, Global Security News, Mergers and Acquisitions, Weights & Biases
CoreWeave acquires AI developer platform Weights & Biases
Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases…
CyberArk, Cybersecurity, Global Security News, identity management, Mergers and Acquisitions, Technology, Zilla Security
CyberArk acquires Zilla Security in $175 million deal
Identity security giant CyberArk has acquired Boston-based Zilla Security, a cloud-native identity governance and administration startup, in a deal worth up to $175 million. The acquisition, announced Thursday, includes $165 million in cash and a $10 million earn-out contingent on performance milestones. Zilla’s co-founders, CEO Deepak Taneja and Nitin Sonawane, along with their team, will…
ADAS, Global IT News, Global Security News, Mergers and Acquisitions, nxp, Startups, Transportation, tttech auto
NXP to buy automotive safety software firm TTTech Auto for $625M
Dutch semiconductor giant NXP on Tuesday said it plans to acquire TTTech Auto, an Austrian company specializing in safety software for autonomous vehicles, in an all-cash transaction valued at $625 million. TTTech Auto spun out of TTTech Group in 2018, with some $78 million in backing from the likes of AUDI, Samsung and GE Ventures.…
Disney, Fubo, Global IT News, Global Security News, Media & Entertainment, Mergers and Acquisitions, Startups, streaming service
Disney to merge Hulu Live TV with Fubo in groundbreaking deal
In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering. …
Global IT News, Global Security News, humanoid robot, Mergers and Acquisitions, robotics, Samsung Electronics
Samsung pays $181M to become largest shareholder of Rainbow Robotics
Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster…