Mergers and acquisitions

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SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, ipos, Mergers and acquisitions, SpaceX, US news

Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisationElon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn and has moved ahead of Amazon in valuation days after its stock market debut.The company has agreed to buy Anysphere, which has capitalised […]

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GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, E-commerce, eBay, GameStop, Mergers and acquisitions, Retail industry, US news, World news

Online marketplace takes into account uncertainty around US video games retailer’s financing proposalBusiness live – latest updatesThe board of eBay has rejected the US video games retailer GameStop’s surprise $55.5bn bid (£41bn) for the online marketplace, describing the proposal as “neither credible nor attractive”.Earlier this month, GameStop made an unsolicited bid for eBay, publishing a

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Ben Affleck sells his AI postproduction startup to Netflix

ai, AI (Artificial Intelligence), Artificial Intelligence, Ben Affleck, Business, Film, Film industry, Media, Mergers and acquisitions, Mergers, acquisitions and funding, netflix

Announcing the InterPositive deal, the actor says he was moved from being scared of the technology to embracing itBen Affleck has sold his artificial intelligence company to Netflix in a surprise deal, saying he had been driven to embrace a technology that had initially “really scared” him.Netflix has acquired the postproduction startup InterPositive from the

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Why has Elon Musk merged his rocket company with his AI startup?

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, Mergers and acquisitions, Science, SpaceX, Technology, Technology sector, Tesla, World news, X

SpaceX’s acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questionedThe acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition.As well as extending “the light of consciousness to the stars”, as Musk described it, the transaction creates a business worth $1.25tn

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Elon Musk is taking SpaceX’s minority shareholders for a ride | Nils Pratley

Aerospace industry, ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, Energy, Mergers and acquisitions, SpaceX, Technology

Merger with loss-making xAI looks to some investors more like a bailout than a rocket trip to the futureElon Musk merges SpaceX with xAI at $1.25tn valuationTo Elon Musk’s fan club, there is nothing to see apart from more evidence of the great man’s visionary genius. SpaceX, the rocket firm, is buying xAI, the artificial

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SpaceX reportedly mulling Tesla merger or tie-up with Elon Musk’s xAI firm

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Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report saysBusiness live – latest updatesSpaceX is reportedly considering a potential merger with the electric carmaker Tesla, or a tie-up with artificial intelligence firm xAI, as Elon Musk looks at options to consolidate his global empire.The rocket company is examining the feasibility

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