LOS ANGELES: Warner Bros. Discovery announced Monday it will separate into two independent, publicly traded companies in a tax-free transaction aimed at maximizing growth potential for its streaming and studio division and its global networks business. The move, expected to be completed by mid-2026, will create Streaming & Studios, housing major entertainment brands like Warner Bros. Television, Warner Bros. Motion Picture Group,…
IonQ to acquire Oxford Ionics in $1.075 billion deal to advance quantum computing
OXFORD: IonQ (NYSE: IONQ), a leader in quantum computing, announced Monday it has entered a definitive agreement to acquire Oxford Ionics in a deal valued at $1.075 billion, combining cash and stock to accelerate the development of high-performance quantum systems. The transaction includes $1.065 billion in IonQ common stock and approximately $10 million in cash, subject to…
L’Oréal to acquire majority stake in British skincare brand Medik8
PARIS: L’Oréal Group announced Monday that it has signed an agreement to acquire a majority stake in British skincare brand Medik8, which will join its Luxe Division. According to a statement, Private equity firm Inflexion will retain a minority stake in Medik8, while founder Elliot Isaacs will remain on the board. The current management team will also stay…
Galantas Gold enters joint venture for Omagh Gold project in Northern Ireland
TORONTO: Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) has signed a binding term sheet with Ocean Partners UK Limited to form a joint venture for the high-grade Omagh Gold Project in County Tyrone, Northern Ireland, the company announced. Under the agreement, Ocean Partners will exchange approximately $14 million (GBP £10.3 million) in existing…
Rome Resources discovers new tin zone at Bisie North Project in DRC
KINSHASA: Rome Resources Plc (AIM: RMR), a tin and base metals explorer focused on the Democratic Republic of the Congo, announced Monday the discovery of a new tin zone on the eastern flank of its Mont Agoma prospect at the Bisie North project in North Kivu Province. Key Findings: Details: Drill hole MADD030, northeast of known…
Qualcomm to acquire Alphawave IP Group in $2.4 billion deal
LONDON: Qualcomm Incorporated has agreed to acquire Alphawave IP Group in a recommended cash deal worth approximately $2.4 billion, the companies announced Tuesday. Chip stock Alphawave soars on Qualcomm takeover Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm, will acquire all issued and future ordinary shares of Alphawave under a scheme of arrangement…
Mark Read, CEO of WPP Plc to retire
LONDON: WPP plc announced Thursday that CEO Mark Read will retire from the board and step down as chief executive on Dec. 31, 2025, concluding more than 30 years with the global advertising and marketing company, including the last seven as its leader. The board has begun the process of finding a successor, WPP said…
Pri0r1ty Intelligence Group signs deal to acquire sports data firm, Halfspace
LONDON: Pri0r1ty Intelligence Group (AIM: PR1), an AI-driven professional growth services provider for small and medium-sized enterprises, has entered into a share purchase agreement to acquire Halfspace Limited, a London-based sports data and marketing business. The acquisition, first outlined in a term sheet on June 3, 2025, is pending shareholder approval. A circular detailing the…
LHV Group names Mihkel Torim as new CEO
TALLINN: The supervisory board of AS LHV Group has elected Mihkel Torim as chairman of the management board and CEO, effective July 22. Torim, currently head of investment banking at LHV Bank, will succeed Madis Toomsalu, who announced his departure earlier this year after leading the company since 2016. Torim brings over 20 years of…
Comvita appoints Karl Gradon as CEO
TAUPO: Comvita Limited (NZX:CVT) announced Monday the appointment of Karl Gradon as its new chief executive officer, effective Aug. 1. Gradon brings extensive global leadership experience in the primary industry, including senior roles at Fonterra and Kerry Ingredients. After returning to New Zealand, he served as CEO of New Zealand Manuka Group, driving growth in…
Hydrogen Utopia signs deal to bring waste-to-hydrogen tech to MENA region
LONDON: Hydrogen Utopia International (HUI), a company that converts non-recyclable plastic waste into hydrogen and other clean fuels, has signed a preliminary agreement with U.S.-based InEnTec Inc. to secure exclusive licenses for its waste-to-hydrogen technology across the Middle East and North Africa (MENA). The deal, outlined in a heads of terms agreement, grants HUI access…
N4 Pharma reports 2024 financial results
LONDON: N4 Pharma plc (AIM: N4P), a UK-based biotechnology company developing its proprietary Nuvec® gene delivery system for advanced cancer and disease therapies, announced its audited financial results for the year ended Dec. 31, 2024. The company’s annual report and notice of its annual general meeting (AGM) have been distributed to shareholders. The AGM will…