Circor International accepts KKR’s revised buyout offer of $1.7 billion
Industrial machinery manufacturer Circor International has announced its acceptance of investment firm KKR’s revised buyout offer worth $1.7 billion, including debt. This decision comes in...
Brookfield proposes acquisition of American Equity Investment Life
Brookfield has announced its proposal to acquire all outstanding shares of common stock of American Equity Investment Life Holding Company (AEL) not already owned by...
Dexory Raises £15mn to expand warehouse robotics solution in the US and Europe
London-based warehouse robotics firm Dexory has secured £15 million in Series A funding, led by European VC firm Atomico, to facilitate its expansion in the...
Meta launches VR subscription service amid metaverse push
Meta, the owner of Facebook and Instagram, has announced a new subscription service for its virtual reality (VR) headsets, as it aims to make its...
Australians spent over $4 billion on video games in 2022
The Australian video game industry reached a new record of $4.12 billion in consumer spending in 2022, according to new data from the Interactive Games...
Biden administration announces $1.35 billion for high-speed broadband in Louisiana
The Biden administration has announced a plan to connect every person in America to high-speed internet by 2029, with $1.35 billion allocated for Louisiana. The...
Electric truck maker Lordstown Motors goes bankrupt and sues Foxconn
Lordstown Motors (RIDE.O), a U.S. electric truck manufacturer, has filed for bankruptcy protection and put itself up for sale after a dispute with Taiwan’s Foxconn...
Apple to launch new iMacs, iPads, MacBooks and Apple Watch models in the next year
Apple is gearing up for a busy year ahead, with a range of new products and updates across its major product lines. According to a...
Japan proposes $6.3bn acquisition of semiconductor material giant, JSR
TOKYO – In a move that highlights the global focus on critical chip technology, a fund backed by the Japanese government has unveiled a proposed...
IBM to buy Apptio for $4.6 billion to boost its AI and IT automation software
IBM has announced that it will pay $4.6 billion in cash to acquire Apptio, a software company that helps customers optimize their IT spending and...
Argos Closes All 34 Irish Stores, Putting 580 Jobs at Risk
Argos, the popular retailer owned by the Sainsbury’s Group, has announced the closure of all its 34 stores in Ireland by the end of today....
Vice Media to be sold to creditors for $350 million in bankruptcy deal
Vice Media, the digital media company that once boasted a valuation of $5.7 billion, has agreed to be sold to three investment companies for $350...