Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday. The companies did not disclose the deal...
Silicon Valley VC fund General Catalyst acquires Venture Highway; will deploy $1 billion in India
Silicon Valley-based venture capital firm General Catalyst, which has backed global tech giants such as Airbnb, Snap, Canva and Stripe, said it will acquire India-focused early-stage investor Venture Highway as it looks...
WeWork India stake sale to give Embassy Buildcon partial exit
Embassy Buildcon, which invested Rs 1,000 crore into WeWork India between 2017 and 2019, will get a partial exit after WeWork India management’s stake sale to Volrado Ventures and other co-acquirers, including...
LVMH goes fois gras as group buys famous Paris bistrot
French luxury giant LVMH completed its acquisition of Paris’s famous restaurant “Chez L’Ami Louis”, established in 1924, as the group continues its diversification push towards lifestyle and...
LS Digital restructures operations, set to expand into US
Former Blackstone managing director Mathew Cyriac’s Florintree Advisors-backed LS Digital has integrated three agencies—Langoor Digital, F1 Studioz, and Social Panga—that it acquired over the last two years. The digital...
UK probes Hewlett Packard Enterprise’s $14 bln deal for Juniper Networks
Britain’s competition regulator said on Wednesday it was investigating whether Hewlett Packard Enterprise’s planned $14 billion acquisition of Juniper Networks would result in competition concerns in the...
UK’s Alpha Financial Markets in favour of Bridgepoint takeover proposal
British consultancy firm Alpha Financial Markets Consulting said on Wednesday its independent directors plan to recommend Bridgepoint’s nearly 578 million pounds takeover proposal, if the private equity firm makes...
Nvidia Agrees to Buy Software Startup Shoreline
Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. The deal was struck recently and values Shoreline...
TA Associates explores sale of Hungarian price comparison firm Netrisk, sources say
TA Associates is preparing to put Netrisk Group, one of Hungary’s largest price comparison companies, up for sale, three people familiar with the matter told Reuters. The Boston-based buyout fund has hired Morgan...
UK’s Hargreaves Lansdown set to agree $6.9 bln takeover by CVC-led consortium
Hargreaves Lansdown is set to agree a 5.41 billion pounds ($6.87 billion) takeover by a CVC-led consortium if the group of investors table a formal offer at that price, the British company said on Tuesday. The London...
Some Colonial Pipeline owners eye stake sales at $10 bln-plus company valuation, sources say
Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people...
Primo Water and BlueTriton enter into merger agreement
North American packaged water companies Primo Water Corp and BlueTriton Brands said on Monday they would merge in an all-stock deal. The companies said Primo Water’s shareholders would likely own 43% of the...
