Globe Invest makes cash offer to takeover Best of the Best Plc at 535 pence/share

LONDON, UK: Globe Invest Limited (GIL), a company owned by billionaire Teddy Sagi, has announced that it has made a recommended cash offer to acquire the online competition company Best…

NNR June 20, 2023

Wire

Hyundai Motor to invest $85 billion in EVs and batteries by 2032

Hyundai Motor Co, the South Korean automaker, has announced that it will invest about 109.4 trillion won ($85.4 billion) in the next decade to meet the growing demand for electric…

NNR June 20, 2023

Wire

Airbus signs record $50 billion deal with IndiGo

Airbus and Indian airline IndiGo announced on Monday a record $50 billion deal for 500 single-aisle A320 family aircraft. The deal is the largest ever by number of aircraft and…

NNR June 20, 2023

Wire

Alibaba announces leadership shakeup amid challenges, CEO Daniel Zhang steps down

Alibaba Group Holding, the Chinese e-commerce giant, announced on Tuesday that its Chairman and CEO Daniel Zhang will step down from those roles and focus on the cloud business, as…

NNR June 20, 2023

Wire

Bitterroot Bio emerges from stealth with $145M to develop immunotherapies for heart disease

Bitterroot Bio, a biotech company that aims to develop immunotherapies for cardiovascular disease, has announced its emergence from stealth mode and a $145 million series A funding round, the largest-ever…

NNR June 19, 2023

Wire

Opnfi and actyv.ai partner to offer B2B embedded finance solutions in emerging markets

Opnfi, a company that provides a B2B embedded finance (EmFi) platform, and actyv.ai, an AI-powered enterprise SaaS platform with embedded B2B buy now pay later (BNPL) and insurance, have announced…

NNR June 19, 2023

Wire

Google Winds Down Domain Registrar Business, Squarespace Acquires Assets

Google has announced the winding down of its domain registrar business, which has been operational for nearly a decade. The decision comes as the tech giant aims to refine its…

NNR June 17, 2023

Wire

UK Regulator Clears Amazon’s Acquisition of iRobot Corp, Roomba Maker

The UK's Competition and Markets Authority (CMA) has given the green light to Amazon's $1.7 billion acquisition of iRobot Corp, the renowned manufacturer of Roomba robotic vacuum cleaners. Following a…

NNR June 17, 2023

Wire

axle energy raises $1.6M in pre-seed funding to help homes save energy

axle energy, a London-based energy flexibility startup, has raised $1.6 million in pre-seed funding. The round was led by Picus Capital with participation from Eka Ventures. The company intends to…

NNR June 16, 2023

Wire

Portwest acquires Canadian company IFR Workwear

Mayo-based multinational workwear, safety footwear, and PPE provider Portwest has announced its latest acquisition of Canadian company IFR Workwear, a renowned brand specializing in premium flame-resistant (FR) products. The acquisition…

NNR June 16, 2023

Wire

Octave raises $52mn Series C to expand behavioral health care services

Octave, a San Francisco-based company that specializes in outcomes-focused behavioral health care, has raised $52 million in Series C funding. The round was led by Cigna Ventures, Novo Holdings, and…

NNR June 16, 2023

Wire

Currys considers options for Greek business Kotsovolos to maximize value

Currys, a leading electrical retailer, has announced its plans to explore strategic options for its Greek business, Kotsovolos. The company believes that Kotsovolos, which also has a growing presence in…

NNR June 16, 2023