Apple fans, get ready for a major upgrade. The tech giant is reportedly working on a new generation of iPad Pro devices that will feature OLED displays, larger screens, and faster processors. These could be some of the most significant changes to the iPad Pro line since its debut in 2015. OLED Displays for Better…
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BYD Electronic to buy Jabil’s China mobile electronics business for $2.2 billion
BYD Electronic International Co Ltd, a subsidiary of Chinese electric vehicle maker BYD Co Ltd, announced on Monday that it has agreed to acquire the mobile electronics manufacturing business in China of U.S.-based Jabil Inc for 15.8 billion yuan ($2.2 billion). The acquisition will help BYD Electronic expand its customer base, product portfolio and its…
XPeng will acquire Didi’s EV subsidiary for over $740 million
XPeng, a Chinese electric car giant, announced on Monday that it will acquire Didi’s EV subsidiary for over $740 million and launch a new brand of vehicles. XPeng, founded in Guangdong in 2015, is one of many Chinese startups that have emerged in recent years to capitalize on the electric vehicle boom in the world’s…
Roark Capital agrees to acquire Subway in a potential $9.55 billion deal
On Thursday, Roark Capital reached an agreement to acquire Subway, with insiders revealing that the transaction values the U.S. sandwich chain at a potential $9.55 billion, encompassing debts and contingent upon specific financial performance goals. This deal concludes a protracted auction initiated in February, which drew interest from multiple private equity firms. As highlighted by…
Mastercard and Binance will end their crypto card programmes
Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said, according to Reuters. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange. Mastercard’s website also lists partnerships with…
PAI Partners acquires Alphia Inc.
PAI Partners, a renowned private equity firm, has announced its acquisition of Alphia, Inc., a major player in North America’s pet food co-manufacturing sector, from J.H. Whitney Capital Partners. The specific terms of the deal have not been disclosed. Based in Denver, Alphia holds a prominent position as a national pet food manufacturer in the…
Sony Interactive Entertainment to acquire audio technology company, Audeze
Sony Interactive Entertainment LLC (SIE) has revealed its latest move, announcing a formal agreement to acquire Audeze, a prominent name in audio technology known for its pioneering work in high-end gaming headphones. This strategic acquisition underscores SIE’s dedication to pushing the boundaries of audio experiences within the realm of PlayStation gaming. Despite the integration into…
PAG agrees to buy controlling stake in Australian Venue Co from KKR
PAG, a leading Asia Pacific alternative investment firm, has agreed to buy the controlling stake in Australian Venue Co (AVC) from global investment firm KKR. AVC is a food and beverage hospitality business that runs over 210 pubs, bars and restaurants in Australia and New Zealand. The deal terms were not disclosed. KKR invested in…
Code-writing AI startup Poolside raises $126m and moves to Paris
A US based startup that aims to build a tool that can write code using natural language has raised a whopping $126m in seed funding and moved its headquarters to Paris, Sifted.eu reported. Poolside AI, founded by former GitHub CTO Jason Warner and serial entrepreneur Eiso Kant, wants to democratise software development by enabling anyone…
MediaTek leverages Meta’s Llama 2 to enhance on-device generative AI in Edge devices
MediaTek, a leading global fabless semiconductor company powering more than two billion connected edge devices every year, today announced it is working closely with Meta’s Llama 2, the company’s next-generation open-source Large Language Model (LLM). Utilizing Meta’s LLM as well as MediaTek’s latest APUs and NeuroPilot AI Platform, MediaTek aims to build a complete edge…
Shannon Eisenhardt to succeed Jeff Carr as Reckitt’s chief of finance
Consumer goods conglomerate Reckitt has revealed its upcoming finance chief transition, with the current CFO, Jeff Carr, set to retire in March. Taking over the financial reins will be Shannon Eisenhardt, currently serving as the finance chief of Nike’s consumer, brand, and marketplace division. According to Irishexaminer, the shift in leadership comes amidst a backdrop of strategic…
Lightyear and BlackRock launche high-yield money market funds for Uk retail investors
LONDON: Investment platform Lightyear has launched three high-yield money-market funds for UK retail investors, in collaboration with BlackRock, according to international-adviser. Highlights: · The funds are designed to be a low-risk investment, with a target net asset value of $/€/£ 1 per share. · The funds are open to all UK retail investors, regardless of their investment experience…