SYDNEY: Horizon Oil Limited announced Tuesday it has agreed to acquire a 75% stake in Exxon Mobil Exploration and Production Khorat Inc. (EMEPKI), giving it a 7.5% working interest in Thailand’s Sinphuhorm gas field and a 60% interest in the Nam Phong gas field. The deal, valued at $30 million, is part of a consortium…
Ashley Reade named CEO of Rip Curl
TORQUAY: Ashley Reade has been appointed Chief Executive Officer of Rip Curl, KMD Brands Limited announced Monday. Reade, who brings two decades of global experience, will take up his role with the Australian surf brand in the coming months. Reade, formerly Vice President and General Manager of Nike Pacific, grew the region into a AU$1 billion…
Onsite Rental Group to acquire SRH’s road safety rental business for $10.8 million
SYDNEY: Saferoads Holdings (SRH) has entered into a conditional $10.8 million asset sale agreement and a $3 million product supply arrangement with Onsite Rental Group, a national equipment hire business owned by Malaysia-based Sime Darby. The agreements are subject to several conditions, including SRH shareholder approval, the transfer of key personnel, securing long-term rental contracts, and transferring…
GreenTech Metals sign sale and joint venture agreement for non-core tenements
PERTH: GreenTech Metals Ltd. (ASX: GRE) has entered into a binding sale and joint venture agreement with Errawarra Resources Ltd. (ASX: ERW) for two granted tenements and one prospecting license application in Western Australia, the company announced Monday. The agreement, which covers a combined area of 930 hectares adjacent to the Elizabeth Hill mining lease,…
SoundHound stock faces challenges after stellar 2024 growth
SoundHound AI (NASDAQ: SOUN) was one of the standout performers in the stock market in 2024, with shares skyrocketing by 836%. At its peak, the stock climbed a remarkable 1,040%, capturing widespread investor attention. However, this surge has come to a halt. Since its December peak, SoundHound AI’s stock has experienced a steep decline, now…
Top AI Stocks to Watch
The AI stock market is buzzing with excitement, and it’s easy to see why. Artificial intelligence is shaping the future in ways we’re only beginning to understand, and there are plenty of opportunities to get in on the action. Whether you’re a cautious investor or someone who loves chasing high-growth potential, there’s something for everyone….
StubHub files for IPO on New York Stock Exchange
StubHub, a prominent online ticket resale marketplace, filed on Friday for an initial public offering on the New York Stock Exchange under the ticker symbol “STUB.” In its filing, the company reported a net loss of $2.8 million on $1.77 billion in revenue for 2024. This contrasts with a $405 million profit on $1.37 billion…
T-Mobile to divest 800 MHz spectrum portfolio to Grain Management
T-Mobile (NASDAQ: TMUS) announced today that it has reached an agreement in principle to divest its 800 MHz spectrum portfolio to Grain Management, LLC, a private investment firm specializing in digital infrastructure. Grain, in partnership with Black & Veatch’s energy and infrastructure experts, plans to market the spectrum to utilities, critical infrastructure operators, regional providers, and…
Arcadis acquires WSP Infrastructure Engineering GmbH
AMSTERDAM: Arcadis, a global leader in sustainable design, engineering, and consultancy solutions, has announced its acquisition of WSP Infrastructure Engineering GmbH, a Germany-based engineering firm specializing in rail infrastructure, signaling, structural engineering, and software development. The acquisition, unveiled on March 20, is set to double Arcadis’ footprint in the German rail sector, an area poised…
Bending Spoons acquires Germany’s komoot
Bending Spoons, a technology company, announced the acquisition of komoot, a Germany-based route-planning platform for outdoor enthusiasts. Komoot, founded 17 years ago, has grown to 45 million users and is Europe’s leading outdoor platform. CEO Markus Hallermann praised Bending Spoons’ expertise in scaling platforms, calling it the ideal partner for komoot’s next phase of growth….
File Forge Technology to acquire Amirose London in reverse takeover
LONDON: File Forge Technology PLC (AQSE: FILE), a provider of Filecoin staking nodes, revealed plans to acquire Amirose London Ltd, a contract manufacturing services business specializing in personal care products. The company signed non-binding Heads of Terms to acquire Amirose’s entire issued share capital from Epoque Services Incorporated Limited. The proposed deal, valued at £5.01…
Wildcat Petroleum collaborates with South African state-owned entity
LONDON: Wildcat Petroleum announced a major step forward in its petroleum endeavors, signing a collaboration agreement with the Strategic Fuel Fund Association (SFF), an entity owned by the government of South Africa. The agreement focuses on evaluating petroleum assets in South Sudan, previously held by PETRONAS. The partnership aims to harness the expertise of both organizations in…