Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Perplexity AI Proposes Merger with TikTok’s Parent ByteDance to Form New Company

The merger plan between Perplexity AI, a U.S. search engine startup, and ByteDance, the parent firm of TikTok, has been changed to create a new compan

The merger plan between Perplexity AI, a U.S. search engine startup, and ByteDance, the parent firm of TikTok, has been changed to create a new company that will unite Perplexity and TikTok U.S. Under the plan, a new U.S. holding company called "NewCo" would be established, with the goal of the U.S. government owning up to 50% of the latest business at its subsequent initial public offering IPO. New investors would purchase TikTok U.S. from ByteDance, omitting the apps core recommendation system. According to the plan, the IPO will be valued at least $300 billion. With TikTok services recently restored in the United States, Perplexity AIs updated bid demonstrates its conviction that a merger rather than a sale could increase the likelihood of success. Read More..

B2B Tech News | 2 months ago        

GSK Strengthens Gastrointestinal Cancer Portfolio with IDRx Buyout

GSK, a British pharmaceutical company, said Monday that it will pay up to $1.15 billion to purchase IDRx, a biopharmaceutical company based in Boston,

GSK, a British pharmaceutical company, said Monday that it will pay up to $1.15 billion to purchase IDRx, a biopharmaceutical company based in Boston, to create a cure for gastrointestinal stromal tumours. The agreement, which aims to strengthen GSKs growing portfolio in gastrointestinal malignancies, involves a $1 billion upfront payment. According to Luke Miels, GSKs chief commercial officer, the companys strategy of focussing on verified assets that address critical medical needs is in line with this acquisition, given the difficulties the company is facing in its vaccine market. The acquisition demonstrates GSKs dedication to improving cancer care in the face of changing consumer needs. Read More..

B2B Tech News | 2 months ago        

Abu Dhabi’s ADQ to Launch Takeover Bid for Aramex, Offering 30% Premium

To obtain the shares it does not currently control, Abu Dhabis sovereign wealth fund, ADQ, intends to make a takeover offer for Aramexs logistics and

To obtain the shares it does not currently control, Abu Dhabis sovereign wealth fund, ADQ, intends to make a takeover offer for Aramexs logistics and courier company. For 3 dirhams $0.82 per share, which is 30% more than Aramexs most recent closing price of 2.31 dirhams, the cash offer will be made through ADQs subsidiary, Q Logistics Holding. Accordingly, Aramex is worth about 4.39 billion dirhams $1.2 billion. Aramexs stock increased 14.7% after the announcement. Despite recognising the need for significant strategic and operational improvements inside the company, ADQ, which owns a 22.69% share in Aramex and manages $225 billion in assets, feels that Aramex may significantly boost the local economy. Read More..

B2B Tech News | 2 months ago        

Ghana’s New Finance Minister Plans to Seek IMF Support to Revive Struggling Economy

To help stabilise the faltering economy, Cassiel Ato Forson, Ghanas new finance minister, intends to approach the International Monetary Fund IMF for

To help stabilise the faltering economy, Cassiel Ato Forson, Ghanas new finance minister, intends to approach the International Monetary Fund IMF for further funding. Reliance on Treasury bills has not worked, Forson said ahead of a meeting with an IMF group in Accra, underscoring the necessity of working with local and foreign partners for essential funding. He wants to stop inflation, cut waste, cut public spending, and resume issuing domestic bonds by midyear. Ghana, which defaulted on most of its external debt in 2022, is almost finished with a problematic restructuring procedure. Since taking office, President John Dramani Mahama has prioritised fixing issues in the cocoa industry and revitalising the economy. Read More..

B2B Tech News | 2 months ago        

Insignia Financial Shares Soar as Bain Capital Raises Bid to A$2.87 Billion

With a private equity firm, Bain Capital, increasing its offer to A$2.87 billion $1.76 billion to match rival CC Capitals proposal, shares of Australi

With a private equity firm, Bain Capital, increasing its offer to A$2.87 billion $1.76 billion to match rival CC Capitals proposal, shares of Australias Insignia Financial IFL.AX jumped to a multiyear high on Monday. The amended offer gives Insignia shareholders A$4.30 per share, a premium of 4.4% over Insignias most recent closing price of A$4.12 and 7.5% above Bains first offering. A$4.25, the share price of Insignia, a 178yearold wealth manager offering asset management, financial advising, and superannuation, increased by up to 3.2%. Both companies are fighting for access to Australias A$4.1 trillion superannuation system, and the bidding war is the beginning of M&A activity in the country for 2025. Read More..

B2B Tech News | 2 months ago        

TSMC Projected to Report 58% Surge in Q4 Profit Amid AI Demand Boom

Due to rising demand, Taiwan Semiconductor Manufacturing Co. TSMC, the worlds top manufacturer of cuttingedge chips for AI applications, is expected t

Due to rising demand, Taiwan Semiconductor Manufacturing Co. TSMC, the worlds top manufacturer of cuttingedge chips for AI applications, is expected to record a stunning 58% increase in fourthquarter profit, hitting T$377.95 billion $11.41 billion. The U.S. technology restrictions on China and the uncertainty surrounding the upcoming Trump government, which may impose sweeping import taxes, pose problems for TSMC despite the AI megatrends benefits. Analysts predict that AI clients will be the primary driver of TSMCs growth in 2025. While keeping the majority of its operations in Taiwan, the business is making significant investments in new plants, including a $65 billion project in Arizona. TSMC will also update its capital expenditure and output outlook at its next earnings call. Read More..

B2B Tech News | 2 months ago        

New Banshee Infostealer Version Evades macOS XProtect Antivirus

An updated variant of the Banshee infostealer, a macOSspecific spyware that can evade Apples XProtect antivirus, has been found by Check Point Researc

An updated variant of the Banshee infostealer, a macOSspecific spyware that can evade Apples XProtect antivirus, has been found by Check Point Research. It began as a $3,000/month stealerasaservice in the middle of 2024, but its source code breach in November 2024 caused it to spread widely among threat actors. The upgraded version no longer avoids Russian users and uses sophisticated string encryption to prevent detection, suggesting a new development team. It targets negligent software engineers by posing as genuine software and spreading via GitHub. Lumma Stealer, Banshees Windows counterpart, has operated since September 2024. Researchers emphasise the necessity for proactive cybersecurity measures by warning of macOSs growing prominence as a target for sophisticated cyber assaults. Read More..

B2B Tech News | 2 months ago        

Sunac China Shares Plunge 30% Following Liquidation Petition Filed by StateOwned Unit

Sunac Chinas stock fell as much as 30% on Friday after a liquidation petition was filed against the highly indebted developer. A hearing is slated for

Sunac Chinas stock fell as much as 30% on Friday after a liquidation petition was filed against the highly indebted developer. A hearing is slated for 19 March, and a stateowned China Cinda Asset Management division filed the case. Sunacs stock dropped HK$1.23, the most precipitous drop since 8 October. Amid a severe financial crisis in Chinas real estate market, other Chinese developers, such as Country Garden and SinoOcean, have also been subject to liquidation applications. Homebuyer confidence is still low despite government efforts to boost the faltering industry. According to reports, Sunacs efforts to restructure its debt may be complicated if it fails to meet the September maturity date of an offshore bond. Read More..

B2B Tech News | 2 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   4726   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   3244   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3581   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   3762   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4774   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.