The Justice Department (DOJ) is reportedly closer to permitting Capital One’s purchase of Discover. That’s according to a report Monday (March 31) by the Capital Forum, citing sources familiar with the matter. Those sources said the DOJ has refocused its review of the $35.3 billion deal on how it would hurt consumers...
President Donald Trump says TikTok will have a new owner by the end of the week. The social media platform’s China-based owner ByteDance has until April 5 to find a buyer for TikTok, and Trump said Sunday (March 30) that a deal will be reached before then. “We have...
Elon Musk’s artificial intelligence (AI) company has acquired his social media platform in a multibillion-dollar deal. The deal, announced by Musk Friday (March 28), values his xAI at $80 billion and X, the social media platform once known as Twitter, at $33 billion ($45 billion...
Enterprise orchestration platform Workato says it has acquired DeepConverse, a support automation provider. The deal, announced Thursday (March 27), will allow Workato to add artificial intelligence (AI)-driven support automation capabilities into new product offerings. Terms of the acquisition were not released. “By bringing the DeepConverse...
Singapore-based ride-hailing/delivery platform Grab is reportedly trying to raise funds to acquire rival GoTo. The company is in discussions to obtain a bridge loan of up to $2 billion for the deal, Bloomberg News reported Wednesday (March 26), citing sources familiar with the matter. Grab is also considering a...
Fleetio said it is creating a “one-stop-shop for fleet maintenance” after raising over $450 million in a Series D funding round and acquiring Auto Integrate. The new funding will finance the acquisition, which will add Auto Integrate’s maintenance authorization platform to Fleetio’s fleet optimization platform,...
9fin said it deepened and broadened the data coverage and strengthened its artificial intelligence (AI)-powered analytics platform for debt capital markets by acquiring Bond Radar. The acquisition will provide 9fin with the historical data and broad market reach of Bond Radar, which is an intelligence...
When Donald Trump retook the White House last year, parts of the banking world celebrated. Wall Street dealmakers saw his presidency ushering in a new era of “megamergers,” with the Republican administration providing a more friendly regulatory environment. But as the Financial Times (FT) reported Monday...
German insurance giant ERGO is expanding into the U.S. after acquiring Next Insurance. The $2.6 billion deal, announced in a news release Friday (March 21), will allow ERGO — owned by Munich Re — to target the small business community in the U.S., comprising 30...
