Pershing Square’s non-binding proposal values UMG at €30.40 per share, a 78% premium to its last closing price. Ackman argues the world’s largest music label has been undervalued by structural factors, including the Bolloré Group’s 18% stake and the postponement of a US listing, that have nothing to do with its underlying business. Bill Ackman’s […]
In short: Xoople, a Madrid-based geospatial data company founded in 2019, has raised a $130 million Series B led by Nazca Capital, bringing its total funding to $225 million and pushing its valuation into unicorn territory. The round was co-invested by MCH Private Equity, CDTI (the Spanish government’s technology development fund), Buenavista Equity Partners, and Endeavor […]
In short: WHOOP has raised $575 million in a Series G round that values the screenless health wearable company at $10.1 billion — nearly three times its 2021 valuation. Backed by sovereign wealth funds, leading medical institutions, and a roster of celebrity athletes, the Boston-based startup is positioning itself for an IPO. Its founder and CEO […]
Nvidia has invested $2 billion in Marvell Technology and folded the chipmaker into its NVLink Fusion ecosystem, creating a partnership that covers custom AI accelerators, silicon photonics, and 5G/6G infrastructure. The deal ensures that every custom chip Marvell designs for hyperscalers like Amazon, Google, and Microsoft still generates Nvidia revenue through mandatory platform components, turning […]
The daily live show, hosted by former founders John Coogan and Jordi Hays, will sit inside OpenAI’s strategy organisation and report to chief global affairs officer Chris Lehane. Terms were not disclosed. OpenAI says TBPN will keep its editorial independence. OpenAI has acquired TBPN, the Technology Business Programming Network, the Silicon Valley talk show that […]
A deal would give Amazon’s Leo satellite programme access to Globalstar’s L-band spectrum and operational infrastructure, a shortcut in its race to rival SpaceX’s Starlink. Apple’s stake, which powers Emergency SOS on iPhones, has made negotiations significantly more complex. Amazon is in advanced talks to acquire satellite telecommunications group Globalstar in a deal that would […]
Paris-based Omniscient ingests 100,000+ sources, press, social, web, video, audio, internal pipelines, and synthesises them into a two-minute executive briefing. Renault is an early client. A global syndicate spanning France, Japan, and the US backed the round. Omniscient, the Paris-based decision intelligence platform built for boards and senior executives, has raised $4.1 million in pre-seed […]
The Zurich platform, which connects 1,500+ ingredient suppliers and 6,000 brands including Givaudan, Symrise, PUIG, and La Prairie, is evolving from a discovery marketplace into a data backbone that plugs directly into suppliers’ PIM systems and brands’ R&D workflows. Hi inov led the round. Covalo, the Zurich-based platform connecting personal care ingredient suppliers with brands, […]
Isaiah Taylor was sixteen when he decided the nuclear industry had a size problem. Not that reactors were too dangerous or too expensive, though they are both, but that they were simply too big. The multi-gigawatt monuments to Cold War-era engineering that still dot the American landscape were designed for a grid that moved power […]
There is a number that keeps getting larger, and on Tuesday it got larger again. OpenAI announced that it had closed its latest funding round with $122 billion in committed capital, valuing the ChatGPT maker at $852 billion post-money. The figure is up from the $110 billion the company announced in February, when Amazon, Nvidia, […]
