Merge and Acquisition

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Meta spent $400 million and fought the US government to buy a VR fitness app, then let its creators take it back

In 2023, Meta fought an eight-month antitrust battle with the Federal Trade Commission for the right to acquire Within, the studio behind the VR fitness app Supernatural. The deal was reportedly worth around $400 million. Mark Zuckerberg even testified in court to get it done. Less than three years later, Meta is handing it back. The company announced […]

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Salesforce is acquiring Contentful to give Agentforce a content layer that can assemble experiences on the fly

Salesforce has signed a definitive agreement to acquire Contentful, the API-first headless content management platform used by more than 4,800 enterprises to deliver digital experiences across web, mobile, and emerging channels. The deal, announced on Sunday, does not disclose financial terms. Contentful was last valued at more than $3 billion in a 2021 Series F round […]

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CoStar is paying $800 million for Zonda to close the last gap in its real estate data empire

CoStar Group has agreed to acquire Zonda, the leading provider of new-home construction data, homebuilder software, and residential real estate marketplaces, for $800 million in cash. The deal, announced on Thursday, is expected to close in the second half of 2026 and will be accretive to adjusted earnings per share in its first full year. Zonda […]

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Asana buys no-code agent builder Stack AI as it tries to become the operating system for human-agent teams

Asana has acquired Stack AI, a no-code platform for building AI agents that operate across enterprise systems like Salesforce, Slack, and Google Workspace. The deal, reported at $75 million, was announced on 28 May after market close, timed to coincide with Asana’s first-quarter earnings call. Stack AI founders Tony Rosinol and Bernard Aceituno will join Asana. […]

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Analog Devices snaps up Empower Semiconductor for $1.5bn to tackle AI’s power problem

Analog Devices has agreed to buy Empower Semiconductor for $1.5 billion in cash, placing a major bet that the insatiable energy demands of AI data centres will keep chipmakers scrambling for better power-delivery technology. The deal, announced on Monday, gives the Wilmington, Massachusetts-based chipmaker access to Empower’s integrated voltage regulators, which sit directly beneath AI accelerators and […]

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SpaceX plans to buy Cursor for $60 billion once its record IPO wraps

SpaceX expects to complete its $60 billion acquisition of AI coding startup Cursor roughly 30 days after it begins trading publicly, according to Bloomberg, a timeline that would place the deal in July if the company’s blockbuster IPO proceeds on schedule. The rocket, satellite, and artificial intelligence conglomerate is planning to file its public IPO prospectus as […]

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ICE plans compute futures contracts as Wall Street races to turn GPU power into a tradable commodity

  Intercontinental Exchange, the parent company of the New York Stock Exchange, is preparing to launch futures contracts tied to the cost of computing power, marking the latest sign that Wall Street sees AI infrastructure as the next great commodity market. ICE announced on Monday that it will team with Ornn, a financial-infrastructure firm whose […]

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Panasonic buys UK media server maker HIVE in push beyond hardware

Panasonic Projector & Display Corporation has acquired 100% of the issued shares of UK-based HIVE Media Control, the company behind the award-winning BeeBlade media server platform. The deal signals a decisive shift in Panasonic’s strategy, moving it from a projector and display manufacturer into what it calls a “broader visual solutions ecosystem provider,” encompassing software, […]

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AMD’s Lisa Su meets China’s vice premier in Beijing as chip diplomacy intensifies

  AMD CEO Lisa Su sat down with Chinese Vice Premier He Lifeng at the Great Hall of the People in Beijing on Monday, a meeting that underscores how US chipmakers are scrambling to protect their foothold in the world’s second-largest semiconductor market even as Washington tightens the screws on technology exports. He, a member […]

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Coursera announces $500 million buyback one week after closing its $2.5 billion Udemy merger

  Coursera has announced a $500 million share repurchase programme, its first buyback since going public in 2021 and one that arrives exactly one week after the online learning company completed its merger with Udemy. The board approved the programme on Sunday 18 May 2026, funding it from existing cash balances and cash flow from […]

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