Merge and Acquisition

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OpenAI in early talks to buy Trail of Bits, The Information reports

“Trail of Bits has committed their entire security research organization,” OpenAI wrote in June, when the two companies launched a joint project to fix open-source software. OpenAI is in early talks to buy Trail of Bits, a firm that finds and fixes security flaws in open-source software. Valida Pau and Amir Efrati reported the talks […]

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Faraday Future unveils a $2,490 humanoid robot for developers and schools

Faraday Future and FF EAI Robotics Ecosystem launched two humanoid robots on 15 October: the $2,490 FF Nova for developers and schools, and the $299 FF Nova Mini for children. Nova’s first 100 units are invitation-only. The launch follows FFR’s agreement to buy FF’s robotics business in a $200M all-stock deal. Faraday Future and its […]

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Bumble agrees to be bought by Ithaca Holdings for about $1.3bn

Bumble has agreed to be acquired by Ithaca Holdings in an all-cash deal valuing the dating app at about $1.3 billion, the companies said on Tuesday. Ithaca will pay $6.05 per Bumble Class A share, about 138% more than the stock’s closing price on October 9, before reporting on Monday that the two sides were in advanced […]

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IonQ to buy cybersecurity firm Elisity for up to $1.3bn in stock

IonQ has agreed to buy Elisity in an all-stock deal worth up to $1.3bn. Up to $150mn of that depends on how well Elisity does. The Maryland-based quantum computing company announced the deal on Monday. IonQ wants its security arm to guard against attacks aided by AI and, one day, quantum machines. What Elisity does Founded […]

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Cirrus Logic made rival bid for Synaptics, Bloomberg reports

Chipmaker Cirrus Logic made a surprise offer for Synaptics last month, trying to break up its agreed sale to Onsemi, Liana Baker and Yiqin Shen reported for Bloomberg. Cirrus Logic is the ‘Party A’ named in an updated Synaptics filing on Thursday, people familiar with the matter told Bloomberg. It is unclear whether Cirrus is still […]

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Paramount closes Warner Bros deal as Skydance and plans a single streamer

Paramount has completed its purchase of Warner Bros. Discovery and renamed the combined company Skydance. The company announced the close on Tuesday, and its shares now trade on the New York Stock Exchange as SKYD. Warner Bros. Discovery shareholders received about $31.02 a share in cash. Skydance owns two major film studios, Paramount Pictures and […]

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BT takes over TalkTalk and its 2.5 million customers out of administration

BT Group has acquired TalkTalk’s consumer and wholesale businesses out of administration. They have 1.5 million retail customers and 1 million wholesale customers. BT announced the deal on Monday. It said a prolonged sale process for those operations had been unsuccessful. BT bought TalkTalk Telecommunications Limited and PlatformX Communications Limited, the wholesale business, on a […]

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Uber to buy ezCater for $2.3bn to bring workplace catering to Uber Eats

Uber has agreed to buy ezCater, a US platform for workplace catering, for $2.3bn in cash. Uber and ezCater announced the deal in a joint statement on Tuesday. The purchase brings ezCater’s catering orders to Uber Eats and to Uber for Business, Uber’s service for company accounts. Boston-based ezCater lets businesses order food for meetings, […]

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Grindr to buy HIV prevention telehealth firm Freddie for $250mn

Grindr has agreed to buy PurposeMed, the company behind HIV prevention service Freddie, for $250mn in cash and stock, it said in a statement on Wednesday. Grindr will pay $190mn in cash and $60mn in shares. Up to $70mn more in cash depends on Freddie hitting targets in 2027. The deal is expected to close by […]

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AMD agrees to buy Fei-Fei Li’s World Labs for $8.2bn in stock

AMD has agreed to buy World Labs, the AI model startup led by Fei-Fei Li, in an all-stock deal valued at about $8.2bn. AMD announced the deal on Monday. Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su. AMD expects the deal to close by the end of […]

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