Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had seized most of...
OpenAI to acquire Apple veteran designer Jony Ive’s startup io in $6.5 billion deal to create AI devices
OpenAI has announced it will acquire io, the AI hardware startup co-founded by legendary Apple designer Jony Ive, in an all-stock deal valued at nearly $6.5 billion. This marks OpenAI’s bold entry into the hardware...
Blackstone leads the race to acquire AGS in a $1.3 bn deal
Global private equity firm Blackstone has outbid two others in its bid to acquire medical revenue cycle management (RCM) firm AGS Health, two people with knowledge of the deal said. The acquisition is likely to value...
Ireda files insolvency application against Gensol Engineering for default of ₹510 cr
The state-run Indian Renewable Energy Development Agency (Ireda) on Wednesday filed an insolvency application against Gensol Engineering Ltd for a default of ₹510 crore, according to an exchange filing by the clean...
JBL maker Harman to sell controlling stake in India unit
Harman US, the maker of JBL, Harman Kardon and Infinity audio products, is in talks to sell a controlling stake in its Indian unit, three people aware of the matter said. The US company has approached global private...
Biocon to evaluate merger with subsidiary Biologics
Biocon Group’s board is setting up a committee to evaluate strategic restructuring options, including a merger of its biosimilars arm Biocon Biologics Ltd with its flagship Biocon Ltd. The options would be evaluated...
Sunil Mittal in talks to buy 49% stake worth $2 billion in Haier India
Sunil Mittal is in advanced talks to acquire a 49% stake in the Indian unit of China’s Haier Smart Home Co., according to people familiar with the matter, as the billionaire looks to tap growing demand for goods such as...
WeightWatchers Files Bankruptcy as GLP-1 Drugs Reshape Market
WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs like Ozempic. The company — which rebranded...
Second time lucky? KKR looks to sell RE Sustainability again, likely to fetch up to $1.5 billion
American private equity (PE) giant KKR is planning to relaunch the sale of its waste management portfolio company after a delay of almost a year, three people with knowledge of the matter said. The PE firm is eyeing up...
GIC-backed Asia Healthcare Holdings to acquire Dr Dangs Labs
Asia Healthcare Holdings (AHH), backed by Singapore’s sovereign wealth fund GIC, is set to acquire a majority stake in Dr Dangs Labs, a diagnostic chain operating in Delhi and Gurugram, according to two people aware of...
OpenAI agrees to buy AI coding startup Windsurf for $3 billion: Report
OpenAI has agreed to acquire AI based coding tool Windsurf for around $3 billion, according to a Bloomberg report. The ancquisition of Windsurf (formerly called Codeium) is currently not closed and if completed would be...
Shell likely to acquire BP, energy giant weighs in merits of the deal amid potential oil prices decline
Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with...
