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…
Rathbones Group announces retirement of Group Chief Executive Paul Stockton
LONDON: The Board of Rathbones Group Plc has announced that Paul Stockton will retire on 30th September 2025 after 16 years with Rathbones, six years of which as Group Chief Executive. He will be succeeded by Jonathan Sorrell who will join the business as CEO designate, subject to regulatory approval, on 1st July 2025. In…
Shaftesbury Capital forms strategic partnership with Norges Bank Investment Management
LONDON: Shaftesbury Capital PLC has entered a long-term strategic partnership with Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund, involving the Covent Garden estate in London’s West End. The agreement will see NBIM acquire a 25% non-controlling stake in the estate for approximately £570 million, valuing the property at £2.7 billion. Shaftesbury Capital will retain…
Ofcom pushes UK’s full-fibre rollout into final phase
LONDON: Ofcom announced plans to ensure full-fibre broadband reaches nearly all UK homes and businesses by 2027, unveiling proposals to drive the final phase of the rollout. The regulator aims to boost competition and investment in faster, more reliable connections, vital for economic growth. Natalie Black, Group Director for Networks and Communications at Ofcom, hailed the…
Britain fast-tracks £4 billion investment to expand electricity networks
Britain’s high-voltage transmission network will be expanded quicker, thanks to Ofgem agreeing to accelerate £4bn of investment to build out the electricity grid. The regulator’s new Advanced Procurement Mechanism (APM) will enable Britain’s three transmission owners (TOs) to tackle supply chain constraints in procuring essential equipment, materials and services years in advance. This streamlined process will ensure…
Prospex Energy acquires full stake in Tarba Energía
LONDON: Prospex Energy PLC, an AIM-listed company specializing in European gas and power projects, announced its agreement to acquire the remaining shareholding in Tarba Energía S.L. held by Warrego Energy Ltd. This acquisition makes Prospex the sole shareholder of Tarba, consolidating its investments in Southern Spain’s El Romeral production concessions and exploration permits. Upon completion,…
AI Push: SoftBank to acquire Ampere Computing for $6.5 billion
SoftBank Group announced Wednesday its $6.5 billion acquisition of Ampere Computing, a U.S.-based startup specializing in Arm-based server chips. The deal, set to close in the second half of 2025, will see Ampere operate as an independent subsidiary headquartered in Santa Clara, California. Carlyle Group and Oracle are selling their stakes in the startup, which employs 1,000…