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Acquisitions

All articles tagged with #acquisitions

Nvidia Expands AI Footprint with $12.9B Hugging Face Buy
technology1 month ago

Nvidia Expands AI Footprint with $12.9B Hugging Face Buy

Nvidia announced a $12.9 billion deal to acquire Hugging Face, the open-source AI model library, as part of its aggressive AI-spending push. The acquisition, still subject to regulatory approval, is expected to close in early 2027. Hugging Face, valued at about $4.5 billion in 2023, will join Nvidia’s ecosystem to accelerate access to open AI tools and models and bolster Nvidia’s role as a major funder of AI infrastructure and data-center capacity.

via nytimes.com|
#acquisitions#ai#hugging-face
Nvidia Eyes a $13B+ Bet on Hugging Face in Open-Source AI Push
technology1 month ago

Nvidia Eyes a $13B+ Bet on Hugging Face in Open-Source AI Push

Nvidia is reportedly negotiating to acquire Hugging Face for more than $13 billion, though no deal is final and talks could still fall apart. Microsoft reportedly met with Hugging Face but is not currently in talks. Hugging Face, a neutral hub for open-source AI models and datasets, could give Nvidia deeper access to developers and drive more workloads to its chips, but ownership might compromise the platform’s neutrality since it supports competitors like AMD and Intel. Hugging Face previously turned down Nvidia’s $500 million offer valuing it at about $7 billion. The deal remains uncertain as negotiations continue.

via Business Insider|
#acquisitions#artificial-intelligence#hugging-face
Ferrero’s US Brand Takeover Pushes Revenue Toward $3B
business1 month ago

Ferrero’s US Brand Takeover Pushes Revenue Toward $3B

Ferrero has quietly built a US powerhouse by buying familiar brands like Fannie May, Butterfinger, Baby Ruth, Keebler, Famous Amos, and WK Kellogg’s cereals, and investing heavily in US manufacturing and R&D. This expansion has lifted US revenue from about $600 million in 2017 to roughly $3 billion, helped by new facilities and a growing North American workforce of more than 5,000 people, signaling Ferrero’s shift from a European sweets company to a major American food player.

via Business Insider|
#acquisitions#american-brands#business
Rocket Lab Posts Record Revenue, But Earnings Misses Forecast
business2 months ago

Rocket Lab Posts Record Revenue, But Earnings Misses Forecast

Rocket Lab reported Q2 2026 revenue of $234.06M, a 62% year-over-year increase and a quarterly record, but posted an adjusted loss of $0.08 per share, missing the $0.06 consensus. The backlog rose to a record $2.36B, with more than $437M in new launch contracts, and the company announced plans to acquire Iridium Communications while completing Mynaric and Motiv deals. For Q3 2026, the company guided revenue of $250–$265M (midpoint $257.5M) and an adjusted EBITDA loss of $17–$23M, aided by Neutron rocket milestones and a $397M Space Force contract.

via Yahoo Finance|
#acquisitions#backlog#business
Rocket Lab's $8B Iridium Deal Signals a Bold Leap into Satellite Communications
business3 months ago

Rocket Lab's $8B Iridium Deal Signals a Bold Leap into Satellite Communications

Rocket Lab (RKLB) plans to acquire Iridium Communications (IRDM) for about $8 billion in a half-cash, half-stock deal, aiming to combine rocket-launch services with satellite-based mobile communications to compete with SpaceX’s Starlink and expand margins. The move could unlock significant long-term upside, but it comes with high risk: Rocket Lab is still unprofitable, the stock is volatile, and the acquisition’s closing and integration (expected in H1 2027) will drive the near-term trajectory. In Q1, Rocket Lab posted revenue growth of about 63.5% to $200.3 million, while reporting a per-share loss of $0.02; Iridium posted a net profit of roughly $114.4 million last year, and Rocket Lab’s own net loss was about $198.2 million, underscoring the substantial execution risk alongside potential synergy-driven gains.

via The Motley Fool|
#acquisitions#business#iridium
From $40,000 and a Matrix-inspired name to a $23B Nasdaq tech empire
technology3 months ago

From $40,000 and a Matrix-inspired name to a $23B Nasdaq tech empire

An Italian startup that quietly built a sprawling tech conglomerate through roughly 50 acquisitions of struggling brands (including Evernote, AOL, Eventbrite and Vimeo) and heavy debt. After going public on Nasdaq, it raised about $1.68 billion and is valued at roughly $23 billion, driven by a large, highly paid team of “Spooners” who overhaul acquired products rather than selling them off. The approach, praised for reviving assets and criticized for layoffs and limited financial disclosure, sets up ongoing questions about the long-term performance of the holdings under Bending Spoons.

via Financial Times|
#acquisitions#bending-spoons#evernote
AI fears push Accenture stock to six-year low as growth outlook dims
business3 months ago

AI fears push Accenture stock to six-year low as growth outlook dims

Accenture’s shares hit their lowest since 2017 after it trimmed revenue guidance, reporting a 3% drop in new bookings to $19.3 billion for the quarter to May and forecasting full-year revenue growth of no more than 4%. The decline, driven by AI-driven disruption to traditional IT and outsourcing models, has slashed its market value to about $82 billion. CEO Julie Sweet pointed to AI-driven demand despite fears of automation reducing consulting needs, while the company counters with aggressive acquisitions—runZero, NetRise, Dragos, and UK AI start-up Faculty—to bolster AI capabilities and cybersecurity offerings.

via Financial Times|
#accenture-plc#acquisitions#artificial-intelligence
Sega's Rovio bet falters as Angry Birds loses lift in a tougher mobile market
business3 months ago

Sega's Rovio bet falters as Angry Birds loses lift in a tougher mobile market

Sega Sammy’s 2023 $776 million purchase of Rovio to leverage Angry Birds and Beacon tech has produced a $200 million impairment, with profitability falling short of forecasts. Analysts attribute slower mobile growth, higher user-acquisition costs, and the lingering effects of Apple’s ATT, arguing that merely owning a mature IP isn’t enough in today’s market. Rovio is set to rebuild and pursue a broader transmedia strategy with new IP, while Sega reassesses how to monetize the brand and integrate Rovio’s tech, emphasizing cross-media, platform partnerships, and expanding beyond Angry Birds.

via GamesIndustry.biz|
#acquisitions#angry-birds#business
Sleep Number Files Chapter 11, Strikes Sale Pact With Sleep Country Canada
financial-and-business-news3 months ago

Sleep Number Files Chapter 11, Strikes Sale Pact With Sleep Country Canada

Sleep Number filed for Chapter 11 bankruptcy protection and announced a court-supervised sale process, naming Sleep Country Canada as the stalking-horse bidder in a potential North American bedding merger. The deal remains subject to higher bids, court approval, and customary closing conditions, with Sleep Number continuing normal operations and projecting up to $260 million in debtor-in-possession financing to support the process. The company is also reviewing its retail footprint, including seeking to reject leases for 44 non-operational locations, while indicating potential international expansion if the sale closes. Sleep Country Canada would gain Sleep Number’s smart-bed technology and wellness platform as part of the transaction.

via Furniture Today|
#acquisitions#chapter-11-bankruptcy#financial-and-business-news
Lilly expands infectious-disease portfolio with three-broker vaccine acquisitions
business4 months ago

Lilly expands infectious-disease portfolio with three-broker vaccine acquisitions

Eli Lilly is buying Curevo, LimmaTech Biologics, and Vaccine Company for up to $3.8 billion in upfront and milestone payments to broaden its infectious-disease pipeline. Curevo brings a shingles vaccine candidate, LimmaTech adds a Staphylococcus aureus vaccine program, and Vaccine Company offers vaccines targeting flaviviruses and an EBV-focused program, signaling Lilly’s shift toward preventative vaccines and a strategy to build a diversified vaccine portfolio alongside its strong oncology and metabolic franchises.

via Fierce Biotech|
#acquisitions#business#curevo
Lilly bets on prevention with triple acquisitions to boost infectious-disease portfolio
business4 months ago

Lilly bets on prevention with triple acquisitions to boost infectious-disease portfolio

Lilly will acquire Curevo, LimmaTech Biologics, and Vaccine Company to broaden its infectious-disease portfolio, spanning a shingles vaccine candidate, a bacterial-pathogen vaccine platform, and an EBV-focused virus-like particle vaccine, for up to about $3.83 billion in cash and milestone payments, subject to closing conditions.

via investor.lilly.com|
#acquisitions#biopharma#business
Lilly bets $4B on infectious-disease push with three acquisitions
business4 months ago

Lilly bets $4B on infectious-disease push with three acquisitions

Eli Lilly said it will buy Curevo, LimmaTech Biologics and The Vaccine Company for almost $4 billion in cash to expand infectious-disease R&D, sending its shares higher in premarket trading. Curevo develops a shingles vaccine, LimmaTech targets resistant bacterial pathogens including STIs, and The Vaccine Company advances in vivo nanoparticle delivery technologies for drugs, genes, and diagnostics. The move comes as Lilly relies on Zepbound and Mounjaro for strong revenue and introduces Foundayo to compete with Novo Nordisk in obesity treatments.

via CNBC|
#acquisitions#business#eli-lilly
Antitrust Lawsuit Accuses Lucky Strike of Bowling Monopoly
business5 months ago

Antitrust Lawsuit Accuses Lucky Strike of Bowling Monopoly

A Washington federal class-action accuses Lucky Strike Entertainment (formerly Bowlero) of building an illegal bowling monopoly through aggressive acquisitions, commanding about 35% of U.S. bowling revenue and 350+ centers, driving up prices and degrading quality; the suit seeks to unwind acquisitions and damages, while Lucky Strike says the claims are meritless and that it has expanded opportunities for the sport.

via Front Office Sports|
#acquisitions#antitrust#bowling