Keywords: Acquisition


Mercedes inks deal with BNP to sell leasing business

Mercedes-Benz has finalized an agreement to sell its leasing subsidiary Athlon to French banking group BNP Paribas, marking a strategic move to streamline its financial operations and strengthen liquidity. The German automotive manufacturer confirmed that the transaction was signed in April and is expected......

Cognizant to acquire Astreya for about $600 million to boost ai infrastructure strategy

Cognizant Technology Solutions has announced an agreement to acquire IT services provider Astreya in a deal valued at approximately $600 million, strengthening its position in the rapidly growing artificial intelligence and cloud infrastructure market. Astreya specializes in IT operations, AI infrastructure,......

Amadeus to acquire French biometrics firm in major expansion move

Spanish travel technology group Amadeus IT Group has announced plans to acquire the French biometrics company Idemia Public Security in a deal valued at approximately 1.2 billion euros. The acquisition, structured as an all-cash transaction, marks a strategic move by Amadeus to strengthen its presence......

Kone to acquire TK Elevator in $34.4 billion landmark deal

Finland’s Kone has agreed to acquire German rival TK Elevator in a transaction valued at 29.4 billion euros, or $34.4 billion, marking one of the largest corporate takeovers in Europe in recent years. The deal combines cash and shares and is set to reshape the global elevator industry by creating......

Paramount seeks regulatory approval for foreign funding in Warner Bros acquisition

Paramount Skydance Corp has requested approval from U.S. regulators to proceed with foreign-backed financing linked to its planned acquisition of Warner Bros Discovery, according to recent regulatory filings. The request was submitted to U.S. authorities responsible for overseeing foreign investment......

Eli Lilly to buy Ajax therapeutics for up to $2.3 billion

Eli Lilly and Company has announced an agreement to acquire the privately held biotechnology firm Ajax Therapeutics in a deal valued at up to $2.3 billion in cash. The move strengthens Lilly’s position in the oncology sector, particularly in the development of treatments for rare blood cancers. Ajax......

Cohere to acquire Aleph Alpha in major ai industry deal

Canadian artificial intelligence company Cohere has announced plans to acquire German AI firm Aleph Alpha, marking a significant development in the rapidly evolving global AI sector. The deal highlights ongoing consolidation in the artificial intelligence industry, where companies are seeking to expand......

Accenture acquires AI startup Morph in $800 million deal

Accenture has agreed to acquire Morph for about $800 million, marking one of the company’s largest individual deals as it accelerates its push into artificial intelligence services. The acquisition forms part of a broader strategy to deploy $5 billion in targeted investments during fiscal year......

China calls Meta’s $2 billion Manus deal a tech “conspiracy”

China has branded Meta’s 2 billion dollar acquisition of AI startup Manus as a “conspiracy,” escalating tensions over one of the most sensitive cross border deals in artificial intelligence. The assessment came from China’s national security commission, a top level body chaired......