Rio Tinto signs deal to acquire Arcadium Lithium for $6.7 billion

LONDON: Rio Tinto and Arcadium Lithium plc (NYSE: ALTM) announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share. The transaction…

Bernice Miles October 9, 2024

Wire

New Adobe app to help creators protect their work from AI use

Adobe announced on Tuesday that it will launch a free web-based app next year to help creators of images and videos receive credit for their work used in AI systems.…

NNR October 8, 2024

Wire

Fintech company Facet raises $35 million in a round led by Multiplier Capital

BALTIMORE: Facet, the fintech company that is building the future of financial planning, has raised an additional $35 million in new financing. The round was led by Multiplier Capital, a leading…

NNR October 8, 2024

Wire

CrashPlan has acquired Parablu Inc.

MINNEAPOLIS: CrashPlan has acquired Parablu Inc. a leading provider of data security and resiliency solutions known for its market-leading offerings protecting Microsoft 365 data. The acquisition positions CrashPlan to deliver the industry’s…

NNR October 8, 2024

London Stock Exchange

Saudi Arabia’s PIF reduces stake in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has reduced its stake in Nintendo Co. from 8.58% to 7.54%, according to a Japanese regulatory filing. This decision comes just a day after…

NNR October 8, 2024

Wire

Former Humane executives launch AI fact-checking startup, Infactory

Two former executives of Humane, the AI hardware startup, have launched a new artificial intelligence software venture called Infactory, which has successfully raised $4 million at a $25 million valuation.…

NNR October 8, 2024

London Stock Exchange

Cykel AI appoints Ewan Collinge as CEO

LONDON: Cykel AI Plc (LSE:CYK) announced that Ewan Collinge, co-founder of the Company, has been appointed as Executive Director and Chief Executive Officer. The appointment will take effect immediately. Ewan…

NNR October 8, 2024

London Stock Exchange

Brooks Macdonald to acquire LIFT Financial Group and LIFT Invest

LONDON: Brooks Macdonald Group will acquire 100% of the issued share capital of each of LIFT - 'LIFT-Financial Group Ltd and LIFT-Invest' for an initial consideration of £30 million payable in cash…

Bernice Miles October 8, 2024

Wire

QAD Inc. has acquired Phenix Software

SANTA BARBARA: QAD Inc., a prominent provider of cloud-based manufacturing and supply chain solutions, has acquired Phenix Software Inc. This acquisition aims to enhance manufacturers' productivity and factory performance. The…

NNR October 7, 2024

Wire

Butterfly Equity to acquire luxury wine company The Duckhorn Portfolio for $1.95 billion

LOS ANGELES: Butterfly Equity, a Los Angeles-based private equity firm specializing in the food and beverage sector, has entered into a definitive agreement to acquire The Duckhorn Portfolio (NYSE: NAPA), North…

NNR October 7, 2024

Wire

Mason Capital to acquire CB&I storage solutions business from McDermott International

NEW YORK: A consortium led by Mason Capital Management LLC in partnership with IES Holdings Inc. (Nasdaq: IESC), and other investors, has entered into a definitive agreement to acquire the…

NNR October 7, 2024

London Stock Exchange

Sosandar plc to open fourth store in Cardiff’s St David’s centre

LONDON: Sosandar plc (AIM: SOS), the women's fashion brand, creating quality, trend-led products for women of all ages, has signed a lease agreement for its fourth store, in Cardiff's St…

NNR October 7, 2024