Topic: corporate acquisition
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Alphabet Acquires Intersect Power to Overcome Grid Bottlenecks
Alphabet (Google's parent) has acquired clean energy developer Intersect Power for $4.75 billion to directly control power generation for its AI data centers, bypassing strained utility grids. The deal highlights that securing reliable power has become a critical strategic bottleneck for tech com...
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Netflix Acquires Warner Bros: Latest Updates
Netflix has finalized its $82.7 billion acquisition of Warner Bros., gaining control of its studio, HBO/HBO Max, and Warner Games, while excluding assets like CNN and sports networks. The deal faces significant regulatory scrutiny due to its unprecedented consolidation, creating a media powerhous...
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Samsung's Audio Empire: Now Home to Denon, Marantz & More
Samsung's subsidiary Harman has finalized the acquisition of Sound United for $350 million, significantly expanding its portfolio of audio brands. The deal brings legendary hi-fi brands like Denon, Marantz, Bowers & Wilkins, and Polk Audio under Samsung's control, joining existing brands such as ...
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ServiceNow Buys Armis for $7.75B in Major Cybersecurity Deal
ServiceNow is acquiring cybersecurity firm Armis for $7.75 billion to enhance its security workflow capabilities with proactive, AI-driven management for all connected devices. The acquisition aims to create a comprehensive security operations framework by integrating Armis's real-time asset disc...
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Cvent Acquires Goldcast to Power Event & Video Marketing
Cvent has acquired Goldcast, integrating its AI-driven video content platform to enhance B2B marketing by instantly transforming live event footage into reusable marketing assets. The acquisition strengthens Cvent's event-led growth strategy by adding robust post-event activation capabilities, en...
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Netflix Enters the Big Leagues
Netflix's $83 billion acquisition of Warner Bros. transforms it into a Hollywood studio powerhouse, granting control of major franchises like Harry Potter and HBO to secure long-term subscriber-retaining content. The sale concludes a period of financial strain for Warner Bros. Discovery, driven b...
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Veeam Acquires Securiti AI to Unify Data Resilience and AI Security
Veeam Software is acquiring Securiti AI for $1.725 billion to merge data protection with advanced data security, governance, and AI trust capabilities. The acquisition addresses fragmented data management by providing a unified command center for secure data oversight, recovery, and AI innovation...
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iRobot Files for Bankruptcy After Roomba Success
iRobot, the pioneering maker of the Roomba vacuum, has filed for Chapter 11 bankruptcy and will be acquired by its primary supplier, Picea Robotics. This restructuring follows the collapse of a $1.5 billion Amazon takeover blocked by EU regulators and comes amid intense competition from lower-cos...
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OpenAI Appoints Slack CEO as Chief Revenue Officer
OpenAI has hired former Slack CEO Denise Dresser as its new chief revenue officer, signaling a major strategic push to expand its enterprise business and embed AI tools into mainstream operations. Dresser's appointment is intended to leverage her deep enterprise sales expertise to drive large-sca...
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The Secret Behind Talking Tom's 26 Billion Downloads
The Talking Tom franchise has surpassed 26 billion downloads, making it one of the most downloaded mobile game series ever, with a significant portion of downloads coming from populous countries like India, Brazil, and China. Its success is attributed to perfect timing, launching during the smart...
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Hyundai to Use Boston Dynamics' Atlas Robots in Car Factories by 2028
Hyundai will deploy Boston Dynamics' advanced Atlas humanoid robots in its car factories starting in 2028, aiming for mass production of 30,000 units annually to transition from research to practical manufacturing. The robots are designed for complex industrial tasks, with initial use in parts se...
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Embracer Sells Arc Games & Cryptic Studios
Embracer Group has sold Arc Games and Cryptic Studios to Project Golden Arc for $30 million, as part of its strategy to refocus business priorities and streamline operations. Arc Games publishes live service titles like Star Trek Online and Neverwinter, while Embracer retains publishing rights fo...
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SanDisk Rebrands WD SSDs as New 'Optimus' Drives
Western Digital is rebranding its consumer SSDs under the SanDisk name, phasing out WD Blue and WD Black lines in favor of a new SanDisk Optimus family of NVMe drives. The rebranding reverses the SanDisk acquisition, with models like the Optimus 5100 and Optimus GX series directly replacing their...
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Ring CEO: Our Cameras Could 'Zero Out Crime' in 12 Months
Jamie Siminoff, founder and CEO of Ring, predicts that widespread use of AI-enhanced security cameras could nearly eliminate neighborhood crime within one to two years through advanced technology and sufficient coverage. Despite facing legal battles, product malfunctions, and near-collapse, Ring ...
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Qualtrics Taps New APJ Leader to Drive AI Growth
Qualtrics has appointed Raen Lim as Managing Director for APJ to accelerate AI solution adoption, leveraging her over 20 years of leadership experience in technology firms to drive regional growth and enhance customer and employee experiences. Lim's background includes senior roles at companies l...
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Censored 60 Minutes Report on CECOT Now Internet Contraband
A censored "60 Minutes" report revealed a U.S. deal to deport asylum seekers to the notorious Salvadoran prison CECOT, where detainees described severe torture and abuse. The report was killed by a new CBS editor despite clearing all internal legal reviews, with the investigative team calling t...
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Hinge CEO Launches Overtone, an AI Dating App
Hinge CEO Justin McLeod is stepping down to lead Overtone, a new AI dating app backed by Match Group that aims to use artificial intelligence and voice tools to foster more thoughtful connections. The online dating industry is facing headwinds like user fatigue and declining engagement, prompting...
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$4.5M Prize: New Cloud Hacking Challenge Opens
Wiz, AWS, Google Cloud, and Microsoft have launched the Zeroday.Cloud hacking competition with a $4.5 million prize pool to uncover critical vulnerabilities in cloud infrastructure, culminating in live exploits at Black Hat Europe. The contest features six technology categories with tiered reward...
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Disney+ Adds HDR10+ Support With 1,000+ Hulu Titles
Disney+ has expanded its HDR capabilities by adding HDR10+ support, initially for a curated selection of Hulu content, enhancing the viewing experience with more vibrant and detailed visuals. Over one thousand Hulu titles are now available in HDR10+ on Disney+, with plans to extend this support t...
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Skate's '90s-Themed First Season Arrives Next Week
The first season of Skate, "Hesh & Fresh," launches on October 7th, featuring a 1990s-inspired world with new areas, events, challenges, and cosmetic items to unlock. Players can earn Tix currency through the skate.Pass to personalize their experience and enjoy visual upgrades to San Van, alongsi...
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Freedom Mobile Data Breach Exposes Customer Information
Freedom Mobile suffered a data breach where attackers used a compromised third-party subcontractor account to access its customer management system and steal personal information. The exposed data includes sensitive details like full names, addresses, and phone numbers, prompting the company to a...
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