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Tag: Mergers & Acquisitions

Perplexity AI proposes merger with TikTok US

Perplexity AI submitted a merger bid for TikTok US, aiming to integrate video into its AI search engine before the ban deadline.

Perplexity acquires Read.cv, a professional networking platform

Perplexity acquires professional networking platform Read.cv, ending its operations. Users can export data until May 16 as domains shift to Hello.cv.

Amazon to acquire Indian BNPL startup Axio for over US$150M

Amazon is acquiring Indian BNPL startup Axio for over US$150M, strengthening its push into financial services in one of its fastest-growing markets.

Alibaba sells Sun Art hypermarket chain for US$1.7 billion to refocus on e-commerce

Alibaba sells Sun Art for US$1.7 billion, marking a strategic shift to focus on e-commerce and cloud computing while exiting brick-and-mortar retail.

17LIVE strengthens virtual influencer presence with acquisition of leading Japanese VTuber company

17LIVE acquires Japan's mikai Inc., strengthening its virtual IP strategy with top VTubers like Re:AcT, aligning with its transformation into an IP-driven platform.

Commvault strengthens cyber resilience for AWS with Clumio acquisition

Commvault acquires Clumio to boost AWS-based cyber resilience and data recovery, strengthening its cloud-native services for global customers.

IN Groupe and IDEMIA in exclusive talks over acquisition of IDEMIA Smart Identity

IN Groupe is in exclusive talks to acquire IDEMIA Smart Identity, aiming to create a global leader in secure identity solutions by 2025.

Samsung’s acquisition of Oxford Semantic Technologies will revolutionise Galaxy AI

Discover how Samsung's acquisition of Oxford Semantic Technologies will enhance Galaxy AI, delivering ultra-personalised experiences across all devices.

AMD to acquire Silo AI to enhance global AI solutions

AMD announces a US$665 million acquisition of Silo AI to boost its enterprise AI solutions and expand its global AI capabilities.

AMD to buy Finnish AI startup Silo AI in a major deal

AMD's acquisition of Finnish AI startup Silo AI for US$665 million aims to strengthen its AI capabilities and compete with NVIDIA.

LG bolsters its smart home operations with Athom acquisition

LG Electronics acquires an 80% stake in smart home platform Athom, enhancing its AI-enabled intelligent space business and enriching customer interactions.

Ayudante acquires Singapore-based Sparkline, boosting tech investment

Ayudante's acquisition of Sparkline marks a pivotal development in Singapore's tech start-up ecosystem, promising increased global investments and regional growth.