PlayStation Plus subscribers will have to say goodbye to some of their favourite games as Sony has announced that 16 titles will no longer be available for free on the service after October 17. This is a big disappointment for gaming enthusiasts who enjoy playing these games without paying extra. Some of the popular games…
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Rite Aid negotiating bankruptcy plan to close stores
Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include closing roughly 400 to 500 stores, according to a report in the Wall Street Journal on Friday. The company operates more than 2,330 drugstores in 17 U.S. states, although it is much smaller than rivals such as Walgreens Boots…
Microsoft to launch Windows 11 Moments update with AI helper Copilot
Microsoft announced that it will release the fourth Moments update for Windows 11 next week, which includes a preview version of Windows Copilot, an AI-powered assistant that can perform various tasks on the PC. Windows Copilot is the main feature of the update, and it will also be available in other Microsoft products and services,…
Ausenco to receive majority stake investment from Eldridge, Brightstar, and Claure Group
Eldridge, Brightstar Capital Partners (Brightstar), and Claure Group have entered into a definitive agreement to acquire a majority stake in Ausenco from Resource Capital Fund VI L.P. and other co-investors. Ausenco is a global integrated engineering and consulting services provider serving the minerals and metals industries and the energy transition sector. Zimi Meka, co-founder of…
KLDiscovery to acquire Cenza Technologies
KLDiscovery Inc. (KLD), a prominent global provider of electronic discovery, information governance, and data recovery services, has announced a definitive agreement to acquire the business of Cenza Technologies Private Limited (Cenza), an India-based alternative legal services provider (ALSP) specializing in Contract Lifecycle Management (CLM) and related solutions, document review, and Legal AI-driven services. Cenza, a…
Trimlite Equity, L.P. acquires Francis-Schulze Company
Trimlite Equity, L.P. (Trimlite), a portfolio company of Wynnchurch Capital, has recently completed the acquisition of Francis-Schulze Company (F-S), a renowned distributor of exterior door products and hardware. While specific financial details remain undisclosed, members of the Francis and Schulze families will continue as shareholders in Trimlite. Founded in 1957 and headquartered in Russia, Ohio,…
Bleecker Street Group acquires maritime software company Ripple
Bleecker Street Group (BSG), a global software holding company, has announced the acquisition of Ripple, a leading integrated maritime software company. The deal is expected to boost BSG’s presence in the maritime sector and the broader supply chain software industry. Ripple is a provider of mission-critical solutions for the maritime industry, serving blue-chip tugboat, towboat…
Abpro Corporation to merge with Atlantic Coastal in $725 million deal
Abpro Corporation, a biotechnology company developing next-generation antibody therapies for severe and life-threatening diseases, has announced a term sheet to enter into a definitive business combination with Atlantic Coastal Acquisition Corp. II, a special purpose acquisition corporation. The deal, which was signed on September 18, 2023, is expected to close in the second quarter of…
Biologics Consulting Group names Dr. Margaret Vernon as new CEO
Biologics Consulting Group, Inc., a leading regulatory and product development consulting firm for biologics, drugs, and medical devices, has announced the appointment of Dr. Margaret K. Vernon as its new Chief Executive Officer, effective September 18, 2023. Dr. Vernon joins Biologics Consulting Group after 17 years with Evidera, a business unit of PPD, where she…
Faraday Future appoints Matthias Aydt as new Global CEO
Faraday Future, a California-based electric mobility company, has announced that Matthias Aydt, a long term FF executive, will take over as the new Global CEO of the company, effective September 29, 2023. Aydt will replace Xuefeng Chen, who will resume his previous role as FF China CEO and also become FF’s EVP of Global Industrialization….
Kokusai Electric plans Tokyo Stock Exchange listing in Japan’s largest IPO in 5 years
Kokusai Electric, a chipmaking equipment manufacturer, announced its plans to go public on the Tokyo Stock Exchange on October 25, 2023. The company’s listing is expected to be Japan’s largest initial public offering (IPO) in the past five years. At an indicative price of 1,890 yen per share, Kokusai Electric will offer shares worth 111.2…
Cisco to buy Splunk for $28 billion in its largest deal ever
Cisco Systems, the world’s largest maker of networking equipment, announced on Thursday that it will acquire Splunk, a leading cybersecurity and artificial intelligence software company, for about $28 billion in cash. This is Cisco’s biggest-ever deal and a major step in its transformation to a more software-focused business. The deal values Splunk at $157 per…