KANSAS CITY: CRB Group, a global provider of sustainable engineering, architecture, and construction solutions, has appointed Vahid Ownjazayeri as its new President and CEO. Ownjazayeri, a seasoned executive with more than 40 years of experience in infrastructure design and construction, previously served as Managing Director at Global Infrastructure Solutions Inc. He also held key leadership roles…
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Pakistan grants provisional license to Starlink
Pakistan has granted a provisional license to Starlink, marking a significant step toward the satellite internet provider’s official launch in the country, Pakistan Telecommunication Authority (PTA) Chairman Hafeez Ur Rehman announced Monday. Rehman told reporters that the licensing process consists of multiple regulatory stages. Starlink has already registered with the Securities and Exchange Commission of…
Trump and Hut 8 launches American Bitcoin Corp
Hut 8 Corp., a leader in energy infrastructure integrating power and digital technologies, announced the launch of American Bitcoin Corp., a majority-owned subsidiary focused on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The new entity will operate as a standalone brand while remaining consolidated within Hut 8’s financial statements. The announcement follows Hut 8’s strategic contribution…
Ubisoft teams up with Tencent to launch new gaming subsidiary
Ubisoft, the French video game giant, announced on Thursday the creation of a new gaming subsidiary, backed by a €1.16 billion ($1.25 billion) investment from Chinese technology powerhouse Tencent. This strategic move aims to bolster Ubisoft’s most iconic franchises, including Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. The newly formed subsidiary is set to focus…
Workato acquires DeepConverse to enhance AI-driven customer support solutions
Workato, a leader in enterprise orchestration, announced Thursday its acquisition of DeepConverse, a platform specializing in generative AI-based support automation. The purchase aims to strengthen Workato’s capabilities in AI-driven customer service automation. DeepConverse, founded in 2016, is known for its expertise in AI-powered search and customer support automation. By joining forces with Workato, the company seeks to…
Braze announces agreement to acquire OfferFit for $325 million
Braze Inc. (Nasdaq: BRZE), the leading customer engagement platform, has entered into a definitive agreement to acquire OfferFit, an AI decisioning company, in a deal worth $325 million. The transaction, announced Friday, remains subject to customary closing adjustments. AI decisioning agents, known for their ability to autonomously experiment, learn, and deliver personalized experiences, are at…
Voltage Park acquires TensorDock, a GPU cloud marketplace
Voltage Park, a scalable GPU-as-a-service (GPUaaS) provider offering on-demand and reserved AI infrastructure, announced Thursday its acquisition of TensorDock, a leading GPU cloud marketplace. The move underscores Voltage Park’s mission to democratize artificial intelligence by offering GPU solutions suitable for businesses of all sizes. “We share a common mission to make AI compute more accessible,” said…
Alcon acquires majority stake in Aurion Biotech
Alcon (SIX/NYSE: ALC), the global leader in eye care, announced today its acquisition of a majority interest in Aurion Biotech, Inc., a clinical-stage company developing advanced cell therapies for treating eye diseases. The move aims to advance Aurion’s promising allogeneic cell therapy asset, AURN001, into Phase 3 trials for corneal edema secondary to corneal endothelial disease later…
Chinese bubble tea chain Chagee files for U.S. IPO
Chagee, a Chinese bubble tea chain, filed for a U.S. initial public offering on Tuesday and aims to list on Nasdaq under the ticker “CHA.” The company plans to debut its first U.S. store in Los Angeles this spring at Westfield Century City mall. Founded in 2017 by CEO Junjie Zhang, Chagee operates over 6,400 teahouses across…
DoubleU Games completes acquisition of Turkish developer Paxie Games
SEOUL: DoubleU Games has finalized its acquisition of Paxie Games, a Turkey-based casual game developer, following merger clearance by the Turkish competition authority. The transaction, first announced in December 2024, closed on March 26. Paxie Games specializes in the rapidly growing Merge 2 genre, with its flagship title, Merge Studio: Fashion Makeover, achieving more than…
One Equity Partners to Acquire CraftMark Bakery
NEW YORK: One Equity Partners (OEP), a middle-market private equity firm, announced today it has agreed to acquire CraftMark Bakery, a prominent supplier of bakery products for quick-service restaurants and in-store retail bakeries. Based in Indianapolis, CraftMark Bakery specializes in producing bread dough, cookie dough, muffins, flatbreads, baked cookies, and filled dough for customers nationwide. The company…
Augustine Therapeutics raises €77.7 million in Series A funding
LEUVEN: Augustine Therapeutics NV announced the successful completion of its €77.7 million ($84.8 million) Series A funding round. Co-led by Novo Holdings and Jeito Capital, the financing also included investments from Asabys Partners, Eli Lilly, AdBio Partners, V-Bio Ventures, and others. Augustine focuses on developing therapies for neuromuscular, neurodegenerative, and cardio-metabolic diseases by selectively inhibiting the…