SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of dollars in annual revenue. The deal, which includes an option for OpenAI to buy a significant stake in AMD, sent the company’s shares surging more…
BATM to sell its diagnostic distribution business in Romania for £17.6 million
LONDON: BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, has entered into an agreement to sell A.M.S 2000 Trading Impex SRL (AMS), a subsidiary of the Group that distributes diagnostic laboratory equipment in Romania. The sale agreement marks a key milestone in the execution of the Group’s…
Shawbrook Group announced potential IPO on London Stock Exchange
LONDON: Shawbrook Group plc, the high-growth, high-return UK digital banking platform, announces that it is considering an initial public offering (IPO) for admission of its ordinary shares to the equity shares category of the Official List of the FCA and to trading on the Main Market of London Stock Exchange plc. Shawbrook highlights • Shawbrook…
All Things Considered Group acquires Control Industry Inc
LONDON: All Things Considered Group plc (AQSE: ATC), the independent music company housing talent management, live booking, merchandising, talent services and events, announced the acquisition by its subsidiary, Sandbag Limited, of certain assets of Control Industry Inc, a California based full-service merchandise management business (the “Acquisition”). Highlights Led by founder and CEO Ricky Riker, Control Industry…
Dutch food group Acomo to buy Italy’s Manuzzi in Southern Europe push
ROTTERDAM: Dutch food ingredients group Acomo N.V. has agreed to acquire Italian nuts and dried fruits business Manuzzi S.r.l. from private equity firm Hyle Capital Partners and other shareholders, the company said on Monday, marking its latest move to expand in Southern Europe. The acquisition, for which no financial details were disclosed, will bolster Acomo’s…
Magnora ASA enters Norwegian data centre market with strategic stake in Storespeed AS
OSLO: Magnora ASA has entered the Norwegian data centre market through the acquisition of a majority stake in Storespeed AS, a Norwegian data centre operator, in partnership with Blix Group AS owner of Blix Solutions AS, a sustainable Norwegian data center operator. The investment marks Magnora’s entry into the rapidly expanding data centre industry, driven…
Euronext launches voluntary offer for full acquisition of Greece’s ATHEX
AMSTERDAM: Pan-European stock exchange operator Euronext (ENX.PA) said on Monday it had received regulatory approval to launch a voluntary share exchange offer for all shares of the Hellenic Exchanges-ATHEX Stock Exchange (ATHEX.AT), a move it said would create a financial hub for Southeastern Europe. The acceptance period for the tender offer commences on Oct. 6, 2025, and…
Australian miner Pacgold to acquire White Dam Gold Operation
BRISBANE: Pacgold Limited announced Tuesday it has executed an agreement to acquire 100% of the White Dam Gold Operation in South Australia from GBM Resources Ltd., a move the company says provides a clear pathway to near-term gold production and cash flow. The acquisition includes significant existing infrastructure, such as open pit mines, a heap…
Predictive Discovery, Robex Resources to merge in $2.35 billion deal, creating West Africa gold powerhouse
PERTH: Predictive Discovery Ltd. and Robex Resources Inc. announced Monday a definitive agreement to merge in an all-share transaction valued at approximately A$2.35 billion (C$2.17 billion), forming one of West Africa’s leading mid-tier gold producers. Under the terms of the deal, Predictive Discovery (ASX: PDI) will acquire all outstanding shares of Robex (TSX-V: RBX, ASX:…
Auto parts bankruptcies: How a cascade of failures brought the industry to a screeching halt
The collapse of First Brands isn’t an isolated event. It is the loudest symptom of a systemic sickness gripping the global automotive supply base, where debt, disruption, and demand destruction have converged into a perfect storm. The Chapter 11 filing of U.S. auto parts maker First Brands on Monday, with its staggering liabilities exceeding $10…
Minute Media acquires AI video platform VideoVerse to revolutionize sports content
LONDON: Minute Media, a global sports content and technology company, announced Tuesday it has acquired VideoVerse, a leader in AI-driven video editing, in a strategic move to build a comprehensive content solution for the sports and media industries. The acquisition centers on VideoVerse’s flagship product, Magnifi, a SaaS platform that uses sophisticated artificial intelligence to…
Stellex Capital acquires Crest Ultrasonics to expand global industrial tech portfolio
NEW YORK: Stellex Capital Management, a private equity firm with more than $5 billion in assets under management, announced Friday it has acquired Crest Ultrasonics, a global manufacturer of advanced cleaning and welding equipment. Crest, headquartered in the U.S. with operations across Europe and Asia, has served industrial sectors for over six decades, including healthcare,…