Rand Capital (NASDAQ:RAND) on Wednesday said SciAps, a portfolio company in which Rand has an equity and debt investment, is to be acquired by Spectris for consideration of up to $260M comprised of up-front consideration of $200M plus a deferred element of up to $60M payable subject to SciAps attainingContinue Reading
simpson33/iStock via Getty Images David Ellison wants to turn Paramount Global (NASDAQ:PARA) into a “media and tech” company that could go head-to-head against the likes of Netflix (NFLX), the billionaire told the Financial Times in an interview a day after reaching a deal with Shari Redstone to buy a controllingContinue Reading
JasonDoiy Samsung (OTCPK:SSNLF) received an order from Tokyo-based AI firm Preferred Networks to make chips for AI applications using the South Korean company’s 2-nanometer foundry process and advanced 2.5D packaging technology Interposer-Cube S (I-Cube S). Samsung noted that the chips will be manufactured using a chip architecture called Gate-All-Around, orContinue Reading
stocknshares BlueAllele, a Minnesota-based developer of gene editing technology, has filed a lawsuit against Intellia Therapeutics (NASDAQ:NTLA) in a federal court in Delaware alleging that Intellia has infringed upon three of its patents for its bio-directional insertion template technology. BlueAllele said in a statement that Intellia has used its patentedContinue Reading
This blog post is co-written with Qaish Kanchwala from The Weather Company. As industries begin adopting processes dependent on machine learning (ML) technologies, it is critical to establish machine learning operations (MLOps) that scale to support growth and utilization of this technology. MLOps practitioners have many options to establish anContinue Reading
kupicoo Caesars Entertainment (NASDAQ:CZR) announced on Friday that it snapped up ZeroFlucs Group for an undisclosed amount. The acquisition of the Australian trading technology company is anticipated to bolster Caesars Digital’s trading capabilities, including providing customers with a fully in-sourced solution for same-game parlay. The ZeroFlucs acquisition follows a successfulContinue Reading
Kevin Winter/Getty Images Entertainment Amazon (NASDAQ:AMZN) Executive Chair Jeff Bezos sold 25M company shares for $4.93B on Tuesday, according to a filing with the U.S. Securities and Exchange Commission. The founder and former president and CEO of the tech and commerce colossus made $197.20 per share on the sale. BezosContinue Reading
FangXiaNuo/iStock Unreleased via Getty Images JD.com (NASDAQ:JD) is reportedly interested in acquiring UK parcel delivery company Evri, and has already submitted a non-binding offer, according to sources cited by Reuters. The two companies are already engaged in a partnership which integrates JD.com’s logistics and e-commerce business in China with Evri’sContinue Reading
Peach_iStock McCormick & Company (NYSE:MKC) reported sales fell 1.2% year-over-year to $1.64 billion in Q2, with minimal impact from currency. The decline includes the impact of the company’s strategic decision to divest a small canning business and reflects a 1% volume decline attributable to lower customer demand and the timingContinue Reading
Sven Piper/iStock Editorial via Getty Images Elon Musk’s SpaceX (SPACE) has raised the pricing for its tender offer to $112 per share amid strong investor demand, valuing the company at nearly $210B, Bloomberg reported citing people familiar with the matter. The earlier pricing that was discussed for the insider sharesContinue Reading
