M2 Capital bids £90 million for the household products chain Wilko

The struggling household products chain Wilko may have a chance to survive after receiving a £90 million offer from a private equity firm, M2 Capital. M2 Capital, which has a…

NNR August 28, 2023

Wire

Apple’s Next iPad Pro Could Be a Game-Changer

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…

NNR August 28, 2023

Wire

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…

NNR August 28, 2023

Wire

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…

NNR August 28, 2023

Wire

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…

NNR August 25, 2023

Wire

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.…

NNR August 25, 2023

Wire

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