Olivier Le Moal Atos’s (OTCPK:AEXAF) (OTCPK:AEXAY) reached an agreement in principle with its bondholders and banks to restructure, according to an announcement. The deal will give creditors control of the French tech company. The company will work with relevant parties to formalizing the agreement, including the lock-up provisions. Atos (OTCPK:AEXAF)Continue Reading
Sundry Photography Infinera (NASDAQ:INFN) could see a potential bidding war after Nokia (NOK) agreed to acquire the company for $6.55 a share on Thursday. Infinera shares jumped 17% on the deal news. “Considering NOK’s offer doesn’t appear compelling, we believe there could be others who may decide to outbid NOKContinue Reading
hapabapa Microsoft’s (NASDAQ:MSFT) multi-billion dollar investment into generative artificial intelligence company OpenAI may face additional scrutiny from the European Union’s antitrust chief over its use of Microsoft’s cloud technology, Bloomberg reported. Microsoft shares were fractionally higher in on Friday. Margrethe Vestager, the Executive Vice President of the European Commission, isContinue Reading
rafal_olechowski Carisma Therapeutics (NASDAQ:CARM) climbed ~29% premarket Friday after the cell therapy developer said it would receive $2M for discovering a cancer drug candidate as part of a collaboration with Moderna (NASDAQ:MRNA). Nominating the first development candidate under the partnership, the company said that the unnamed drug targets Glypican-3, aContinue Reading
cagkansayin Canada-based entertainment company Boat Rocker Media (TSX:BRMI:CA) said on Friday that it has sold its stake in the talent management company Untitled Entertainment to the alternative asset manager TPG (NASDAQ:TPG). The transaction involves cash proceeds of ~C$51.6M and equity consideration of 8.8% of the outstanding shares in the newContinue Reading
hapabapa OpenAI, the generative artificial intelligence startup backed by Microsoft (NASDAQ:MSFT), announced a content deal with news outlet Time to use its 101-year-old archive to train the former’s AI models. As part of the deal, which terms were not disclosed, OpenAI gets access to current and historic content from Time’sContinue Reading
luza studios/E+ via Getty Images CleanSpark (NASDAQ:CLSK) said on Thursday that the bitcoin miner is set to acquire all the issued and outstanding shares of GRIID Infrastructure (OTCPK:GRDI) in an all-stock transaction. GRIID Infrastructure operates as a vertically integrated bitcoin mining company. The deal values GRDI at an enterprise value,Continue Reading
Aliaksandr Litviniuk/iStock Editorial via Getty Images Eni (NYSE:E) said Thursday it agreed to sell its Nikaitchuq and Oooguruk upstream offshore assets in Alaska to privately-held Hilcorp for an undisclosed sum. Eni (E) said it will disclose the value of the deal upon closing, but Reuters estimates potential proceeds in theContinue Reading
Palantir Technologies (NYSE:PLTR) on Thursday announced a strategic AI partnership with space exploration firm Voyager Space. The partnership will see Palantir’s (PLTR) advanced AI tools integrated across the Voyager enterprise to advance the space and defense technology sectors. Expanding on a previous memorandum of understanding announced earlier this year, VoyagerContinue Reading
ssuaphoto/iStock via Getty Images SM Energy (NYSE:SM) said Thursday it agreed to acquire oil and gas assets in Utah’s Uinta Basinfrom XCL Resources, a private company backed by EnCap Investments and Rice Investment Group, for $2.55B in cash, confirming earlier speculation. Northern Oil and Gas (NOG) will acquire 20% ofContinue Reading
