Topic: company acquisitions
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Bending Spoons: The Company Behind the AOL Acquisition
Bending Spoons has elevated its four cofounders to billionaire status through a major funding round and secondary share sale, securing $270 million in new capital and a $440 million secondary transaction from investors. The company specializes in acquiring and revitalizing underperforming tech br...
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Bending Spoons: The Company Behind Eventbrite's Acquisition
Bending Spoons is a Milan-based tech company that acquires and transforms underperforming digital brands, such as Eventbrite and Evernote, through rigorous operational overhauls to boost profitability. Its controversial hands-on management strategy often leads to significant restructuring, includ...
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Why 'Hold Forever' Investors Are Buying Venture Capital Zombies
A new type of investor is acquiring "venture capital zombies"—stalled startups—by purchasing them cheaply, implementing operational improvements, and holding them long-term to generate steady cash flow rather than seeking quick exits. Firms like Bending Spoons and Curious specialize in revitalizi...
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Xbox's Sarah Bond Announces Departure From Microsoft
Sarah Bond is departing from Microsoft alongside Phil Spencer, marking a significant leadership transition for Xbox, and she emphasized the timing felt right for her personal and professional growth. During her tenure, Bond highlighted substantial progress including unprecedented growth in PC/clo...
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Coreweave CEO: AI Circular Deals Are 'Working Together'
Coreweave's CEO defends its volatile post-IPO trajectory as a natural consequence of pioneering a disruptive AI cloud business model, despite stock price fluctuations and a challenging market debut. The company leverages its vast inventory of Nvidia GPUs as collateral to secure financing for rapi...
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2026 Gaming Predictions: GTA 6 Delay, AI Hardware, & Half-Life 3
The video game industry in 2026 will be defined by high-stakes launches like *Grand Theft Auto VI*, strategic platform expansions, and the growing influence of AI on hardware supply and costs. Key predictions include a potential official announcement of *Half-Life 3* from Valve, while concerns mo...
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Bone AI Secures $12M to Take on Asia's Defense Giants with AI Robotics
South Korea's defense industry is rapidly expanding with a $69 billion order backlog and has become the second-largest arms supplier to European NATO members, while its defense-tech startup ecosystem remains underdeveloped. Bone AI, a startup with dual headquarters in Seoul and Palo Alto, is deve...
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Is Safety Dead at xAI? The Critical Debate
Former employees allege xAI is dismantling safety protocols to create a less restrained chatbot, a shift they link directly to Elon Musk's philosophy viewing safety as censorship. Internal reports indicate a fundamental clash in priorities, with sources claiming the safety team is effectively sid...
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Krafton Launches $670M Fund to Boost India Investments
Krafton is launching a major new ₹60 billion ($669.3 million) investment fund for India, a joint venture with Naver and Mirae Asset, to expand beyond its core gaming business. The fund will invest in a diverse range of Indian technology startups, typically between $10-30 million, building on Kraf...
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Breakout Ventures Raises $114M for Third Fund
A San Francisco VC firm raised $114 million for its third fund, betting on the convergence of AI and biology to accelerate scientific discovery in areas like drug development. The firm, Breakout Ventures, evolved from a grant program and focuses on funding scientist-founders building companies wh...
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Motorola Teams with GrapheneOS for Enhanced Phone Security
Motorola has partnered with GrapheneOS developers to integrate the security-focused operating system into its flagship smartphones by 2027, aiming to bring advanced privacy to a wider market. The collaboration will initially focus on Motorola's 2027 flagship lines, which will be co-engineered to ...
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Krafton Shifts to AI-First Game Development
Krafton is adopting an "AI First" strategy, using agentic AI to automate tasks and restructuring its management and operations around this technology. The company is investing over 100 billion Korean won (about $70 million) in a GPU cluster to automate workflows, boost R&D, and enhance AI feature...
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Intrinsic Robotics Joins Google's Alphabet
Google has integrated Intrinsic, a major robotics software developer, directly into its operations to expand AI's role in the physical world, leveraging Gemini models and cloud infrastructure. Intrinsic, which originated from Alphabet's X division, has grown through acquisitions and launched Flow...
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Meta, AI Giants Restrict OpenClaw Over Security Concerns
Major tech firms are banning the open-source AI tool OpenClaw due to significant security risks, highlighting the tension between innovation and protecting digital infrastructure. The tool, which autonomously controls a computer to perform tasks, is considered unpredictable and a genuine threat t...
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Opera's New AI Browser Comes With a Price
Opera Neon is a new subscription-based AI browser priced at $19.90 per month, currently available only to a limited group of initial testers with others needing to join a waitlist. The browser integrates multiple specialized AI agents, including Tasks for creating project workspaces and Do for ha...
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Top AI Wearables and Gadgets to Buy Now
A new wave of AI-powered wearables, such as Bee and Friend, integrates intelligent assistance into daily life by capturing audio to provide personalized reminders, emotional support, and conversational interactions through companion apps. Devices like Limitless and Plaud’s NotePin focus on produc...
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Microsoft Gaming Chief Phil Spencer Departs After 38 Years
Phil Spencer, the longtime head of Xbox, is retiring after nearly four decades at Microsoft, marking a significant leadership transition for the company's gaming division. Spencer's tenure was defined by major acquisitions like Bethesda and Activision Blizzard, and his departure is part of a broa...
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EV Owners Face New Hurdle as Waymo's Robotaxi Fleet Tops 2,000
The electric vehicle market is facing challenges due to the transition to Tesla's charging standard and the expiration of federal tax incentives, which may reduce consumer confidence and sales. EV owners are dealing with increasing complexity from needing multiple charging adapters for different ...
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Stream Deck Keyboard: A Monster of Gaming Innovation
The Corsair Galleon 100 SD is an all-in-one mechanical keyboard with a fully integrated Stream Deck module, offering extensive control over digital tasks through customizable buttons, dials, and a vibrant plugin ecosystem. It features a high-quality, gasket-mounted keyboard with hot-swappable swi...
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Verizon Lite Internet Expands Coverage to Rural Areas
Verizon has launched a new Lite home internet plan for rural and underserved areas, offering up to 25Mbps download speeds for basic online use at a standard price of $60 per month. The plan includes significant discounts for existing Verizon mobile customers, with bundled savings, autopay, and pr...
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OpenAI's ChatGPT Atlas: The New AI Browser Arrives
OpenAI has launched the ChatGPT Atlas browser, integrating AI directly into web surfing and initially releasing it globally for macOS, with other platforms to follow. The browser, built on Chromium, features the Operator AI agent for automated tasks like reservations and form completion, expandin...
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Audeze Maxwell Gaming Headset Gains Magnetic Ear Pads
Audeze has launched the Maxwell 2 gaming headset, featuring new magnetic ear pads for easy swapping and improved comfort, with PlayStation and Xbox versions priced at $329 and $349 respectively. The headset retains an 80-hour battery life and high-performance planar magnetic drivers for clear, im...
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