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Tag Archives: Deals News

Serve Robotics Expands Partnership with Uber Eats to Deliver Meal Orders Seamlessly

Robotics developer Serve recently deepened its relationship with Uber Eats to deploy 2,000 bots for food deliveries across the US.  Serve Robotics has expanded its partnership with Uber Eats, deploying as many as 2,000 delivery bots across the United States. Reports state that Serve Robotics’ autonomous sidewalk delivery robots would be on hand to deliver goods via Uber’s platform in several US-based markets. The Serve Robotics-Uber Eats partnership would last until early 2026. Speaking on...

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Fahrenheit Consortium Wins Bid to Acquire Celsius Network

The deal is yet to be finalized as an initial deposit is expected within the next ten days. It is a good day for the embattled crypto lender Celsius Network as crypto consortium Fahrenheit LLC has won the bid to acquire the insolvent firm whose assets were previously valued at $2 billion. According to a May 25th court filing, the Arrington Capital-backed group emerged as the successful bidder after beating NovaWulf Digital Management. Markedly, Fahrenheit is a conglomerate of buyers which...

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From $400M to $53M: Shutterstock Acquires Giphy from Meta at Fraction of Price

Shutterstock will acquire Giphy from Meta for $53 million in cash, complying with the UK regulator’s order to divest the animated-images platform due to competition concerns. Shutterstock, an American provider of stock photography, footage, music, and editing tools, has announced the acquisition of Giphy Inc, the popular animated image platform owned by Meta Platforms Inc. According to the statement, Shutterstock is acquiring Giphy at an incredible discounted price of $53 million, as Meta...

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Ripple Acquires Swiss Crypto Custody Platform Metaco for $250M as Part of Push toward Tokenization

US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market. Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities and Exchange Commission (SEC). Ripple’s acquisition of Metaco underpins the US-based tech platform’s faith in the...

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Qualcomm Acquiring V2X Chip Maker Autotalks for $350-400M

The automobile industry is becoming an increasingly important market for chipmakers such as Qualcomm as the number of electric vehicles and cars equipped with advanced driver assistance systems (ADAS) grows. American multination tech giant Qualcomm Inc (NASDAQ: QCOM) is looking at expanding its footprint in the automotive business through the acquisition of Autotalks, an Israeli firm that specializes in producing chips used in vehicle crash prevention technologies. Qualcomm announced on...

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JPMorgan Chase Acquires First Republic Bank After Months-Long Crisis

American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank. As reported by CNBC, JPMorgan Chase & Co (NYSE: JPM) acquired all of the deposits of First Republic Bank (NYSE: FRC) and a substantial number of its shares. The acquisition was made possible after regulators took a hold of the bank on Monday. This notably placed the collapse of First Republic Bank as the worst in the US banking ecosystem...

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Microsoft Encounters Stumbling Block in Britain Regarding Activision Deal

Following the CMA’s decision to veto the Microsoft-Activision deal in Britain, the computer software giant plans to appeal.  Britain’s Competition and Markets Authority has blocked Microsoft’s acquisition of gaming publisher Activision Blizzard (NASDAQ: ATVI). On Wednesday, the top UK regulator opposed Microsoft’s acquisition of the “Call of Duty” publisher. This verdict comes a month after the UK CMA deemed the tech giant’s impending control of Activision non-threatening to video gaming...

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Bankrupt Crypto Firm FTX Finally Agrees to Sell Its Derivatives Platform LedgerX for $50M

FTX got the nod earlier this year to sell some of its business units. The FTX exchange has now reached an agreement to sell its crypto derivatives platform LedgerX in a deal worth about $50 million. According to a Reuters report, FTX has agreed sale terms with an affiliate of Miami International Holdings Inc. However, the sale is still subject to approval from the US court overseeing FTX’s bankruptcy proceedings. To this end, a sale hearing has been slated for May 4, and hopefully, the...

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Alphabet Merging Google Brain and DeepMind to Create Next Generation of AI Breakthroughs and Products

The aim is to roll out the next generation of AI breakthroughs and products across Google and Alphabet by merging the talents at Google Brain and DeepMind.  As Alphabet (NASDAQ: GOOGL) intensifies its artificial intelligence (AI) effort, the company is merging its deep learning AI research team Google Brain with DeepMind. Although AI has been very popular recently, Alphabet has been exploring the industry for some time. The tech giant reportedly bought DeepMind for over $500 million in...

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Voyager $1B Deal with Binance.US Closer to Actualization Following Fed Agreement 

Binance.US is reportedly closer to acquiring Voyager assets after the UCC secured a deal with the US federal government.  Voyager Digital Holdings sees its $1 billion deal with Binance.US move closer to actualization following an agreement with the US government. Yesterday, the bankrupt crypto lender sealed a deal with the federal government that allows Voyager to sell its assets to Binance.US. On Twitter, the Voyager Official Committee of Unsecured Creditors (UCC) elaborated on the...

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