Tag

Acquisition

All articles tagged with #acquisition

business1 hour ago•1 min saved

Stripe-Backed PayPal Buyout Talks Derailed

A Stripe-led group with Advent has reportedly dropped its plan to acquire PayPal, ending talks that could have become one of the largest leveraged buyouts (well over $50 billion). The bid, once floated around $53 billion when PayPal was valued lower, faced a higher price after PayPal’s stock surged following a quarterly beat. PayPal’s reorganization under new CEO Enrique Lores into three units and a rising stock price made a deal more challenging, though a future bid isn’t ruled out.

via Engadget|

#acquisition #business #fintech

technology19 hours ago•10 min saved

Nvidia eyes Hugging Face purchase to edge deeper into open-weight AI hub

Nvidia is reportedly moving forward with acquiring Hugging Face for about $12.9 billion, aiming to secure a leading cloud repository for open-weight AI models and strengthen its integration into the broader AI ecosystem. The deal isn’t finalized yet, with talks ongoing and other bidders (like Salesforce) and investors (including Google and Microsoft) linked to Hugging Face. If completed, the acquisition could bolster Nvidia’s hardware-software strategy and influence competition with OpenAI and Anthropic, while expanding Hugging Face’s role beyond language models into robotics and other AI applications.

via Ars Technica|

#acquisition #ai #hugging-face

technology1 day ago•2 min saved

Nvidia Agrees to Buy Hugging Face for $12.9B, Expanding Open-Source AI Reach

Nvidia is reportedly acquiring Hugging Face for $12.9 billion, per The Information, expanding its footprint in open-source AI and the software/model ecosystem; negotiations reportedly followed interest from another bidder, with neither company commenting; if completed, the deal would place Hugging Face’s platform under Nvidia’s umbrella and deepen Nvidia’s AI ecosystem.

via CNBC|

#acquisition #ai #hugging-face

business1 day ago•1 min saved

Vanguard Bets Big on RIAs with $4.6B Altruist Buy

Vanguard agreed to acquire Altruist, a fintech startup providing RIA software, in a deal valued at about $4.6 billion, in a move aimed at expanding its digital platform for independent wealth advisers.

via Axios|

#acquisition #altruist #business

business2 days ago•1 min saved

Texas Fertitta Family Set to Take Over America's Oldest Restaurant, Union Oyster House

A Houston-based Fertitta family will buy Boston's Union Oyster House, the oldest restaurant in America and a National Historic Landmark on the Freedom Trail. The deal, confirmed by a family spokesperson, will keep the eatery operating similarly to how it has since its 19th‑century opening, adding another high-profile asset to the Fertittas' portfolio that includes sports and hospitality interests.

via WCVB|

#acquisition #boston #business

artificial-intelligence4 days ago•15 min saved

Hugging Face Eyes a $13 Billion Acquisition, Sources Say

Hugging Face is reportedly pursuing a sale valued at about $13 billion, with insiders citing a bank backing the deal and no agreement yet. Its last known valuation was $4.5 billion in 2023, and a Nvidia offer around $7 billion was rejected; the company, founded in 2016, runs a model-hosting platform for AI and earns revenue by selling enterprise upgrades.

via Gizmodo|

#acquisition #artificial-intelligence #hugging-face

technology4 days ago•2 min saved

Hugging Face Eyes $13B Sale as AI Platform Valuation Surges

Hugging Face is reportedly exploring a sale that could value the company at around $13 billion, with banks evaluating bidders but no deal yet; the platform hosts AI models for developers and has backing from Lux Capital, Addition, and Salesforce Ventures, underscoring rising demand for AI infrastructure; the talks reflect growing investor premium for AI ecosystem players, in a context that also includes a cybersecurity incident where an OpenAI agent breached Hugging Face during testing.

via Business Insider|

#acquisition #ai-platform #hugging-face

business10 days ago•6 min saved

Stripe’s OpenRouter Acquisition Aims to Forge AI’s Real-Time Ledger

Stripe is reportedly paying $7-8 billion to acquire OpenRouter, a popular 'Stripe for AI' model-routing platform with ~8 million users and 400+ models; the deal would give Stripe control over metering and routing for AI workloads, enabling real-time visibility into model performance and pricing trends, and could lay the groundwork for an AI data ledger, though it raises questions about neutrality and data monetization.

via Yahoo Finance UK|

#acquisition #ai-infrastructure #business

finance11 days ago•22 min saved

PayPal Eyes Sale Talks With Stripe-Advent Group After Rejected Bid

PayPal is reportedly in talks to sell itself to a Stripe-led consortium including Advent International after turning down Stripe’s $60.50-per-share bid, fueling speculation of a higher offer. A deal would combine PayPal’s consumer network (Venmo, Braintree) with Stripe to create a payments platform handling roughly $3.7 trillion in annual volume, but would face regulatory scrutiny. No agreement is signed yet. PayPal’s Q2 results beat expectations ($8.68B revenue, $1.38 non-GAAP EPS) and the stock rose on the deal chatter, as investors weigh the possibility of a higher bid or a partial carve-out.

via Yahoo Finance|

#acquisition #advent-international #finance

technology11 days ago•18 min saved

SpaceX Bets on Cursor to Forge an AI Platform

SpaceX plans to acquire Cursor’s parent Anysphere for $60 billion in Class A shares, aiming to transform SpaceX from a compute provider into a full AI platform by combining Cursor’s developer workflow with SpaceX tech (Grok, Starlink) and potential Tesla robotics links. Morgan Stanley sees upside, forecasting Cursor’s ARR to grow from about $4B mid-2026 to roughly $33B by 2030, with most revenue from enterprise clients, though risks include competition from open-source tools and margin pressures. The deal is expected to close in Q3 2026 and could hinge on execution of Cursor’s proprietary models and broader platform synergies.

via Yahoo Finance|

#acquisition #artificial-intelligence #cursor

business11 days ago•4 min saved

Logitech Holds Ultimate Ears, Turning Rock-Rooted Monitors into Everyday Bluetooth Speakers

Ultimate Ears was founded in 1995 by Jerry and Mindy Harvey after Harvey built custom in-ear monitors for Van Halen. Logitech acquired Ultimate Ears in 2008 for $34 million, merging the pro-audio brand with its global reach and pushing UE into consumer Bluetooth speakers, alongside other Logitech brands like Astro Gaming, Loupedeck, and Blue Microphones, as well as software ventures such as Streamlabs and Challonge.

via bgr.com|

#acquisition #audio-gear #brands

finance16 days ago•20 min saved

Goldman Sachs bets on active ETFs with Neos acquisition

Goldman Sachs will acquire Neos Investments for up to $2.25 billion to expand its active ETF footprint. Neos manages about $30 billion across 19 ETFs and employs options to generate income and cap downside risk. The deal, expected to close in Q1 2027, would push Goldman’s active ETF assets toward $80 billion, with Neos co-founders joining as partners, continuing Goldman’s strategy of growing its asset-management business through acquisitions.

via finance.yahoo.com|

#acquisition #active-etfs #etfs

business17 days ago•2 min saved

Hanwha Pursues $1.2B Acquisition of Austal USA to Expand U.S. Shipbuilding Footprint

Hanwha Defense USA has made a preliminary, non-binding offer to acquire Austal USA for about $1.05–$1.2 billion in a cash-and-debt-free deal, contingent on thorough due diligence; Austal’s board says the proposal merits further evaluation and would not affect Austal’s Australasian operations or publicly traded shares. The move follows Hanwha’s earlier takeover bid and its June 2024 Philly Shipyard purchase, signaling a broader push into U.S. shipbuilding.

via Breaking Defense|

#acquisition #austal-usa #business

business22 days ago•5 min saved

Dutch Bros Eyes a 51-Store Purchase as Salad and Go Closes

Dutch Bros’ parent Boersma Bros. is seeking to buy up to 51 Salad and Go locations in Arizona (and related leases in Nevada, Texas and Oklahoma) in a $105 million deal as Salad and Go files for Chapter 11 bankruptcy and plans to close all stores. The sale would cover leases, furniture and equipment but not the Salad and Go brand or recipes, and it still requires bankruptcy-court approval.

via ABC15 Arizona|

#acquisition #arizona #bankruptcy

business22 days ago•3 min saved

Dutch Bros to convert Salad And Go drive-thru sites in Arizona and Nevada into coffee shops

Boersma Bros LLC, tied to Dutch Bros Coffee founders, agreed to buy Salad And Go’s assets for $105 million in U.S. Bankruptcy Court filings. Dutch Bros will take over Salad And Go’s leases and equipment at AZ and NV drive-thru locations and convert them to coffee shops, with a $10 million deposit already paid and the rest due at closing. About 70 Salad And Go locations in Arizona and Nevada are set to close as the chain winds down, marking a rapid expansion move for Dutch Bros across the Southwest.

via KOLD|

#acquisition #arizona #bankruptcy