MARYLAND: Choice Hotels, one of the largest owners of budget hotels, has announced a $7.8 billion offer for its rival Wyndham Hotels & Resorts, after Wyndham stopped engaging in private talks about a potential merger. Choice Hotels said it first approached Wyndham in April with a proposal to combine the two companies, which was reported…
Xiaomi to replace MIUI with HyperOS
Xiaomi has announced that it will be replacing its traditional MIUI operating system with a brand-new OS called HyperOS. The global roll out will take place throughout 2024, but the company has yet to confirm what devices will be eligible for an upgrade. HyperOS is said to feature a completely new rewritten architecture and is…
Intel Xeon E-2400: Entry-Level Workstation CPUs Return After Two-Year Hiatus
Intel has finally revealed the official specifications of its Xeon E-2400 Xeon entry-level workstation CPUs which are part of the Raptor Lake family. This marks the return of entry-level workstation chips from Intel after a two-year hiatus. These are the latest entry-level workstation chips from Intel that are based on the Raptor Lake family, which…
Seagreen, world’s biggest offshore wind farm, commissioned
PARIS, FRANCE: Seagreen, a joint venture between TotalEnergies and SSE Renewables, has become the world’s deepest and TotalEnergies’ biggest offshore wind farm. The project, located in the North Sea near Scotland, can power almost 1.6 million homes with clean energy and prevent over 2 million tons of CO2 emissions annually. The wind farm was completed…
Ørsted selects Cathay Life Insurance as preferred bidder for 50 % ownership share in Greater Changhua 4
LONDON, UK: Ørsted has signed an exclusivity agreement with Cathay Life Insurance today, selecting the Taiwanese leading insurance company and its affiliate as preferred bidder for the acquisition of a 50 % ownership stake in total of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm in Taiwan. Ørsted and Cathay Life Insurance have agreed…
Baidu unveils Ernie 4.0, a generative AI model that rivals OpenAI’s GPT-4
Ernie 4.0, the latest generative AI model from Chinese tech giant Baidu, was revealed on Tuesday at a Beijing event. The model, which claims to have comparable capabilities to OpenAI’s groundbreaking GPT-4 model, demonstrated its memory skills by writing a martial arts novel on the spot. Ernie 4.0 also showed its creativity by producing advertising…
Star Entertainment Group appoints Jessica Mellor as Gold Coast CEO
SYDNEY, AUSTRALIA: The Star Entertainment Group announced the appointment of Jessica Mellor as Gold Coast CEO. The promotion of Jessica Mellor from Chief Operating Officer at The Star Gold Coast is part of an organizational restructure that will see the creation of property-based Operational Business Units in Brisbane, the Gold Coast and Sydney. Each Business…
EQT Holdings signs agreement to sell its Irish business
SYDNEY, AUSTRALIA: EQT Holdings Limited (ASX: EQT) had reached an agreement to sell its investment in its Irish business for a nominal sum. The business will be sold inclusive of cash held for regulatory capital purposes of €600,000 to €700,000. In addition, a managed exit of the regulated activities conducted by the UK business has…
Amigo Holdings to acquire four digital businesses and raise £5m in cash
LONDON, UK: Amigo Holdings PLC, a UK-based mid-cost credit provider that is winding down its lending business, has announced that it has signed an exclusivity agreement with Craven House Capital plc and others to explore a deal that could see Amigo acquire four digital businesses in exchange for new shares and raise at least £5m…
CPSI has acquired Viewgol for upto $77.5 million
CPSI (NASDAQ: CPSI), a company that provides solutions for community healthcare, announced today that it has completed its purchase of Viewgol, a company that offers analytics and outsourcing services for ambulatory RCM. CPSI’s CEO, Chris Fowler, said that the acquisition of Viewgol will help CPSI achieve its goal of making its RCM services more affordable,…
The Czechoslovak Group to acquire Vista Outdoor’s Sporting Products business for $1.91 bn
PRAGUE: The Czechoslovak Group (CSG) has entered into a definitive agreement to acquire Vista Outdoor Inc.’s Sporting Products business for a total consideration of $1.91 billion. CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years. Headquartered in Anoka, Minnesota, Vista Outdoor’s…
Wendel enters talks to acquire 51% in IK Partners for 383 million euros
PARIS, FRANCE: Wendel has entered into exclusive negotiations with a view to acquiring a controlling stake in IK Partners from its partners who would also reinvest a portion of their proceeds in future IK funds as part of the envisaged transaction. IK Partners is a leading European private equity (PE) firm specializing in European mid-market…