LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing next generation peptide drug conjugates (PDC) targeting powerful anti-tumor payloads directly to the tumor, today announces the initiation of an artificial intelligence (AI)-focused collaboration with Tempus AI, Inc. (Nasdaq: TEM), a technology company leading the adoption of artificial intelligence to advance precision medicine and patient care.…
Zinc Media to sell Zinc Communicate Publishing
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations within…
PureTech’s Seaport Therapeutics announces an oversubscribed $225 million Series B financing round
LONDON: PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) noted that its founded entity, Seaport Therapeutics, a biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team, today announced the closing of an oversubscribed $225 million Series B financing round. The syndicate was led by General Atlantic, a leading global growth investor,…
Ocean Wilsons to sell 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services
LONDON: Ocean Wilsons has announced that its wholly-owned subsidiary, OW Overseas (Investments) Limited (OWOIL), has agreed to sell its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl (SAS), a subsidiary of MSC Mediterranean Shipping Company SA (MSC). The sale is valued at R$4.352 billion, equivalent to R$17.50 per share. The transaction…
XLMedia to sell its North America Business to Sportradar AG for upto $30 million
LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The deal, valued at up to $30 million, includes $20 million payable upon completion and an additional $10 million contingent on performance by April 2025. Marcus…
Elixirr International has acquired Hypothesis Group for $45 million
LONDON: Elixirr International plc (AIM: ELIX) announced the acquisition by its US subsidiary, Elixirr Inc. of all of the issued and outstanding membership interests of Hypothesis Group LLC for a maximum consideration payable of US$45.0 million. The Board is also pleased to update its guidance for the financial year ending 31 December 2024 (“FY24”) to…
FirstGroup has acquired Anderson Travel, a central London based coach company
LONDON: FirstGroup plc has acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours Limited and London Mini Coaches Limited. Anderson Travel currently operates c.40 coaches of varying sizes in and around London from a depot near Tower Bridge in central London and a new, smaller depot…
TZ Limited to acquire proptech company, Keyvision Holdings
SYDNEY: TZ Limited has entered into a Heads of Agreement to acquire proptech company, Keyvision Holdings Pty Ltd. TZ Chairman Peter Graham said: “TZ is delighted to announce its entry into the Heads of Agreement to acquire Keyvision. Their platform apps to Residential; Retail; Aged Care and Planned Communities are first class. Smart Lockers are integral to these…
Bigtincan to list on Nasdaq through major investment deal
Bigtincan Holdings Limited (ASX: BTH) has announced its agreement with Investcorp AI Acquisition Corp. (IAAC) to list Bigtincan’s business on the Nasdaq. This transaction involves forming a new company, Bigtincan Limited, based in the Cayman Islands. Key Details of the Deal Strategic Comments Harsh Shethia, a veteran at Investcorp, stated that this transaction not only benefits Bigtincan’s shareholders but also its customers, employees, and partners. It positions Bigtincan as a leader in AI-powered sales enablement, showcasing Australia’s strengths in AI innovation. Transaction Mechanics The agreement involves merging IAAC with BTH Merger Sub Limited, a wholly-owned subsidiary of Bigtincan Limited, with the latter continuing as the surviving company. Bigtincan shareholders will exchange their shares for those in Bigtincan Limited or opt for cash if available. Company Overview Bigtincan is a global leader in sales enablement and engagement, offering tools for Sales Content Management, Sales Readiness, and Sales Engagement. The company operates in over 50 countries and services more than 100 Fortune 500 companies. Investcorp, a global investment manager, specializes in private equity, real assets, and credit. With a presence in 14 offices globally and around $53 billion in assets under management, Investcorp plans to integrate Bigtincan into its AI investment strategy, enhancing its global footprint. This transaction, if completed, will mark a significant milestone for Bigtincan, positioning it for substantial growth and innovation in the AI and enterprise software space. Bigtincan acquires revenue intelligence and data platform provider, SalesDirector.ai
Samsung Galaxy S25 Rumors: What to Expect
It feels like we just welcomed the Galaxy S24 lineup, yet here we are, already speculating about the Samsung Galaxy S25. With the potential release window in early 2025, excitement is building as rumors and leaks start trickling in. Likely Release Date and Pricing Over the past four years, Samsung has released its Galaxy S…
Three Biometric Data Points Instagram Collects Without User Awareness
In the digital age, our online presence has become an extension of our physical selves. Social media platforms, particularly Instagram, have come a long way from being simple photo-sharing apps. They are now complex ecosystems that capture and analyze our every interaction. While we willingly share snippets of our lives, the depth of data collection…
Keywords Studios has acquired US-based game developer, Certain Affinity Inc
LONDON: Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, has entered into an agreement to acquire Certain Affinity, Inc., a leading US-based game development studio. Certain Affinity was founded in 2006, focused primarily on providing high-end co-development services on AAA multiplayer titles. It has established…