LONDON, UK: LBG Media, the owner of the global leader in youth publishing LADbible Group, announced the acquisition of Betches Media LLC, a US-based media brand founded by women and focussed on digital media content production and publication for women. The acquisition is for an initial cash consideration of $24 million, funded from existing cash…
Apax Partners LLP offer to acquire Kin and Carta plc for £203 million
LONDON, UK: Kelvin UK Bidco Limited, a newly formed company owned indirectly by funds advised by Apax Partners LLP, has offered to takeover Kin and Carta plc. Under the terms of the acquisition, each Kin and Carta shareholder will be entitled to receive 110 pence in cash translating the acquisition value of Kin and Carta’s…
Aukett Swanke has acquired TRCS, a developer of energy management software
LONDON, UK: Aukett Swanke (AIM: AUK), the Architecture and Smart Buildings group, announced the acquisition of TR Control Solutions Limited (TRCS), a developer of energy management software and provider of energy efficiency services. The acquisition is a further step in the Group’s strategy to become a leading provider of Smart Building technology. TRCS’s revenues are…
Bodycote plc appoints Jim Fairbairn as Group Chief Executive to succeed Stephen Harris
LONDON, UK: Bodycote plc announced the appointment of Jim Fairbairn as Group Chief Executive to succeed Stephen Harris on his retirement. Jim is expected to join the Company and the Board in March 2024 and become Group Chief Executive in May 2024 following an orderly transition. Stephen will step down from the Board and retire…
Nvidia and Foxconn announce partnership to build artificial intelligence data factories
Using Nvidia chips and software, Taiwan’s Foxconn, the world’s largest contract manufacturer, will build artificial intelligence data factories for products such as self-driving cars, the companies announced on Wednesday. At Foxconn’s annual Tech Day in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang shared the stage and said they were collaborating on AI…
Thermo Fisher to buy protein analysis firm Olink for $3.1 billion
Thermo Fisher Scientific announced on Tuesday that it would buy Olink Holding AB, a Swedish company that specializes in protein analysis for disease research and drug development. The deal is worth $3.1 billion and will boost Thermo Fisher’s life sciences business, which has been facing lower demand from its biotech customers. Olink’s U.S.-listed shares soared…
Fingerprint raises $33 million Series C Funding to fight fraud with device intelligence
Fingerprint, a Chicago-based startup that provides a device intelligence API, has raised $33 million in a Series C funding round led by Nexus Venture Partners and Uncorrelated Ventures. The company helps developers build security solutions using information from hardware accessing a website, such as fonts, screen resolution, and SSL handshake. The company’s co-founder and CEO,…
Apple Pencil gets a USB-C upgrade
If you are looking for a more affordable way to use the Apple Pencil with your iPad, you might be interested in the latest announcement from Apple. The company has introduced a new version of the Apple Pencil that comes with a USB-C port for charging and a magnetic attachment for convenience. The new accessory…
ScyllaDB secures $43 million in funding to expand its open-source NoSQL Database
ScyllaDB, a company that develops an open-source NoSQL database, has announced that it has raised $43 million in a Series C3 round of funding, bringing its total funding to $100 million. The funding round was led by Eight Roads Ventures and AB Private Credit Investors, and also included TLV partners, Magma Ventures and Qualcomm Ventures….
Choice Hotels announces $7.8 billion bid for Wyndham Hotels & Resorts
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…