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…

NNR August 25, 2023

Wire

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…

NNR August 25, 2023

Wire

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…

NNR August 25, 2023

Wire

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…

NNR August 24, 2023

Wire

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…

NNR August 24, 2023

Wire

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…

NNR August 23, 2023

Wire

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,…

NNR August 23, 2023

Wire

M&S to regain place on London’s blue-chip FTSE 100 Index

LONDON: Marks and Spencer Group (M&S) is set to regain its place on the FTSE 100 index after four years, following strong share price gains this year. Highlights: · M&S's strong…

NNR August 23, 2023

Wire

European business activity contracts to lowest since November 2020 amidst lingering economic challenges

European economies face renewed contraction, marked by a notable decline in business activity throughout August, reaching levels not seen since November 2020. LONDON: The Eurozone's flash composite Purchasing Managers' Index…

NNR August 23, 2023

Wire

Kasikornbank (KBank) eyes $1 billion deal to buy Home Credit Vietnam

Kasikornbank, Thailand’s second-biggest lender, is in talks to buy Home Credit Vietnam, a consumer finance provider, in a deal worth up to $1 billion, Reuters reported. The deal would further…

NNR August 23, 2023

Wire

IBM to sell weather business to Francisco Partners in streamlining move

International Business Machines (IBM) has entered into an agreement to divest its weather business to private equity firm Francisco Partners, as disclosed by the technology services giant on Tuesday. The…

NNR August 22, 2023

Wire

Telenor hires Google Cloud executive as CTO to boost AI capabilities

Telenor has appointed Amol Phadke, a former Google Cloud executive, as its new Chief Technology Officer (CTO) to strengthen its artificial intelligence (AI) activities, the Norwegian telecoms firm said on Tuesday. Phadke,…

NNR August 22, 2023