MIDLAND: Viper Energy Inc., a subsidiary of Diamondback Energy Inc., announced Monday it has agreed to acquire Sitio Royalties Corp. in an all-stock transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. The deal, expected to close in the third quarter of 2025, will create one of the largest publicly traded mineral…
TotalEnergies acquires UK solar, battery storage projects from Low Carbon
PARIS: TotalEnergies has acquired a portfolio of renewable energy projects in the U.K. from developer Low Carbon, the company announced Tuesday. The deal includes eight solar projects with a combined capacity of 350 megawatts and two battery storage projects totaling 85 megawatts. The solar projects, in an advanced development stage, are expected to be operational by 2028….
Oakley Capital Invests in Infravadis
LONDON: Oakley Capital Investments Limited announced Tuesday that its Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform targeting Europe’s underground infrastructure maintenance market, valued at over €25 billion. Oakley Capital Investments’ indirect contribution through the fund is estimated at approximately £5 million. Infravadis plans to consolidate the fragmented underground infrastructure maintenance…
Pandox AB and Eiendomsspar AS proposes €1.3 billion takeover of Dalata Hotel Group
LONDON: A consortium formed by Pandox AB and Eiendomsspar AS confirmed Tuesday it has submitted a non-binding proposal to acquire Ireland’s Dalata Hotel Group PLC in an all-cash deal valuing the company at approximately €1.3 billion ($1.4 billion). The offer of €6.05 per share represents a 27.1% premium to Dalata’s closing price on March 5, the…
Valereum PLC announces strategic investment in Blubird Global, Inc.
LONDON: Valereum PLC (AQSE: VLRM), announced a US $2.5 million strategic investment in Blubird Global, Inc., (“Blubird”) (“Investment”) for a minority stake and will be granted a Board observer seat. The Investment will be made in eight tranches. The Company expects to complete the acquisition of the first tranche of shares in June 2025, with…
Antares Metals discovers new copper prospect at Surprise Project
WEST PERTH: Antares Metals Ltd. (ASX: AM5) has discovered a new copper prospect, dubbed “Marvel,” located 1.2 kilometers north of its Surprise Copper Mine in northwest Queensland. The company announced Tuesday that its second phase of reverse circulation (RC) drilling has identified multiple new mineralized targets, including an 80-meter-wide zone of disseminated sulphide and chalcopyrite…
Braze acquires AI decisioning company OfferFit
NEW YORK: Braze (Nasdaq: BRZE), a leading customer engagement platform, announced Tuesday the completion of its acquisition of OfferFit, an AI decisioning company. The acquisition accelerates the integration of OfferFit’s multi-agent decisioning engine into Braze’s Customer Engagement Platform. The combined technologies aim to enhance automation and machine learning capabilities, helping brands optimize customer interactions. Braze…
Entertainment Partners acquires CASHét, payment solutions for film, TV productions
LOS ANGELES: Entertainment Partners, a global leader in payroll and financial management for the entertainment industry, announced Tuesday it has agreed to acquire CASHét Entertainment, LLC, a top provider of digital payment solutions for film and TV productions. The acquisition will enhance EP’s ability to offer faster, more accurate financial services to productions worldwide. CASHét’s…
UKG acquires Shiftboard to expand workforce management solutions for critical industries
LOWELL: UKG, a leading provider of HR, payroll and workforce management solutions, announced Friday it has acquired Shiftboard, a top employee scheduling software platform for mission-critical industries, including oil and gas, energy and manufacturing. Shiftboard, trusted by companies such as BASF, Bridgestone, Daisy Brand and Shell, specializes in solving complex workforce scheduling challenges. Its platform…
pWin.ai raises $10 million in seed funding to expand AI-powered proposal writing platform
RESTON: pWin.ai, an artificial intelligence platform designed to streamline government and business proposal writing, announced Tuesday it has raised $10 million in a seed funding round led by MicroStrategy co-founder Sanju Bansal, Blue Delta Capital and other government contracting (GovCon) industry leaders. The investment will fuel product development, customer acquisition and market expansion for the…
SpyGlass Pharma secures $75 million Series D financing
LOS ANGELES: SpyGlass Pharma has closed a $75 million Series D financing round to advance its ophthalmic Drug Delivery Platform, the company announced Monday. The round was led by Sands Capital, with participation from Gilde Healthcare and existing investors, including New Enterprise Associates, RA Capital, Vensana Capital, Samsara BioCapital and Vertex Ventures HC. The funding…
BioNTech and Bristol Myers Squibb partner to develop cancer treatment
FRANKFURT: BioNTech SE (NASDAQ: BNTX) and Bristol Myers Squibb (NYSE: BMY) announced Monday a global collaboration to co-develop and co-commercialize BioNTech’s experimental bispecific antibody, BNT327, for treating solid tumors. The partnership aims to accelerate the development of BNT327, which targets PD-L1 and VEGF-A, two key pathways in cancer progression. The antibody is currently being tested in multiple global Phase…