NewsnReleases
NewsnReleases

ALS Limited secures full ownership of Nuvisan Pharma

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SYDNEY, AUSTRALIA: ALS Limited (ASX: ALQ) has announced the acquisition of the remaining 51% stake in Nuvisan Pharma Holding GmbH, a leading European contract research organization (CRO). The acquisition, which includes Nuvisan GmbH and Innovation Campus Berlin (ICB), comes at no additional cost and is set to take effect on March 31, 2024, for financial…

Third Age Health completes acquisition of 70% of Hub Aged Care

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AUCKLAND: Third Age Health Services Limited (NZX: TAH) confirmed the completion of due diligence and Board approval for its acquisition of 70% of Hub Aged Care, a Wellington-based primary care practice specialising in aged residential care services. This marks an important step in our efforts to expand our elder care offerings in the Lower North…

Stability AI founder and CEO Emad Mostaque has resigned

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Stability AI’s founder and CEO, Emad Mostaque, has resigned from his position, following the departure of key researchers. This development raises questions about the future direction of the company and the broader implications for the AI industry. Mostaque’s exit comes at a critical juncture for Stability AI, which has been at the forefront of the…

Airiam signs alliance with White Knight Labs to tap corporate cybersecurity market

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Airiam, a leader in cybersecurity and resilience solutions, announced its strategic alliance with White Knight Labs to provide businesses with comprehensive and scalable cybersecurity solutions, aimed at addressing the escalating threat landscape. White Knight Labs, a cybersecurity consultancy based in Pennsylvania, specializes in security assessments and offensive cyber engagements. Their team of skilled engineers collaborates…

Ibotta, backed by Walmart, announces U.S. IPO plans

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Digital marketing firm, Ibotta, supported by retail giant Walmart (WMT.N), has officially filed for an initial public offering (IPO) in the United States. The announcement came through a recent filing, which revealed the company’s intention to go public on Friday. The Denver-based firm boasts an impressive client roster, including industry heavyweights such as PepsiCo, Nestle…

Reddit’s IPO surges, signals renewed investor confidence in tech

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The debut that may herald a resurgence of investor confidence in high-potential yet unprofitable tech firms, Reddit’s shares soared by 48% on their inaugural trading day in New York. Despite its consistent lack of profitability since its inception in 2005, Reddit has captivated investors’ imaginations by showcasing its platform as a fertile testing ground for…

TRIG sells UK onshore wind farms for £51 million

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LONDON: TRIG, a London-listed investment company advised by InfraRed Capital Partners as Investment Manager and Renewable Energy Systems (RES) as Operations Manager, has sold two UK onshore wind farms. TRIG announced the sale of its 100% equity interests in Forss and Little Raith onshore wind farms in the UK for a total consideration of £51…

KPN gains ACM approval for Youfone acquisition

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AMSTERDAM: The Netherlands Authority for Consumers and Markets (ACM) has given its unconditional consent for KPN to proceed with the acquisition of Youfone. This decision comes after KPN’s initial announcement on June 22, 2023, regarding their plans to acquire Youfone. The completion of this acquisition is anticipated to occur in the early part of April….

Renault and Volvo launch Flexis SAS for next-gen electric vans

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PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture, which follows the binding agreements signed on October 6th, 2023, has received all necessary regulatory approvals and is poised to revolutionize urban logistics with its…