The US government is taking an $8.9 billion stake in Intel Money previously awarded in grants is being converted to a 9.9 percent stake in the company. Ian Carlos Campbell REUTERS / Reuters President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during … Continue reading The US government is taking an $8.9 billion stake in Intel
June 30, 2025 Home Depot announces $4.3 billion deal to acquire GMS building products distributor BY Associated Press Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion. The Atlanta home improvement chain said Monday the transaction will help strengthen Home Depot’s relationship with professional contractors. GMS of … Continue reading Home Depot announces $4.3 billion deal to acquire GMS building products distributor
OnlyFans is in talks to sell for $8 billion The buyer could be an investment group led by a company called Forest Road. lawrence bonk Fri, May 23, 2025 Onlyfans OnlyFans is on the selling block, according to a report by Reuters. The current owner of the adult entertainment platform, Fenix International … Continue reading OnlyFans is in talks to sell for $8 billion
Cable giants Cox and Charter agree to $34 billion merger The merger will need to pass antitrust enforcement. matt tate Updated Sat, May 17, 2025 Charter Two of the largest cable companies in the US are intent on merging. Charter Communications’ proposed acquisition of Cox Communications — the largest division of Cox Enterprises … Continue reading Cable giants Cox and Charter agree to $34 billion merger
April 28, 2025 Deliveroo shares surge following DoorDash’s $3.6 billion proposed takeover BY Associated Press Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid after markets closed in Europe on Friday. On Monday, the … Continue reading Deliveroo shares surge following DoorDash’s $3.6 billion proposed takeover
February 28, 2025 Intel’s anticipated $28 billion chip factories in Ohio are delayed until 2030 After its expensive bid to become a contract chip manufacturer for other companies strained its balance sheet, Intel has been cutting capital expenses. BY Reuters Intel‘s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first … Continue reading Intel’s anticipated $28 billion chip factories in Ohio are delayed until 2030
OpenAI’s board ‘unanimously’ rejects Elon Musk’s $97.4 billion takeover bid “OpenAI is not for sale,” said Chair Bret Taylor. igor bonifacic Updated Sat, Feb 15, 2025 Reuters / Reuters Elon Musk launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reported a group of investors led by Musk’s … Continue reading Elon Musk wants to buy OpenAI for $97.4 billion
Chancellor McCormick also rejected a massive fee request by plaintiff attorneys. BY Associated Press A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring … Continue reading Elon Musk’s $56 billion payday struck down again by this Delaware judge
Anthropic’s safety-first approach to AI development aligns with Amazon’s strategy to lead in both innovation and ethical AI. BY Sarah Bregel Competition among generative AI companies is heating up. On Friday, Amazon announced it would invest another $4 billion in the generative AI company, Anthropic. In little more than a year, the tech giant has now … Continue reading $4 billion more: Amazon deepens its bet on generative AI with Anthropic
Anthropic will use AWS AI chips after $4 billion Amazon investment Amazon’s in-house chips will take cycles from NVIDIA’s ubiquitous silicon. igor bonifacic Sat, Nov 23, 2024 Amazon, Anthropic Amazon is doubling its investment in Anthropic. The e-commerce giant will provide Anthropic with an additional $4 billion in funding on top of … Continue reading Anthropic will use AWS AI chips after $4 billion Amazon investment
