business

Brookfield Is Considering Stake Sale in Data4’s Mature Assets
09 Aug

Brookfield Is Considering Stake Sale in Data4’s Mature Assets

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Brookfield Infrastructure Partners is weighing a minority stake sale in some of the assets of French data center operator Data4, according to people with knowledge of the matter. Brookfield is working with Citigroup Inc. on seeking investors for Data4’s so-called stabilized assets, which refer to fully-constructed data centers with high and stable tenancy rates, the people said. The stabilized asset portfolio has a valuation of more than €3.5 billion ($3.8 billion), said one of the people, who asked not to be identified as the information is private. Initial bids are expected in September, they said. Source link lol
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Bridgepoint Said to Explore Takeover Bid for Software Firm Esker
09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

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Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol
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Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant
09 Aug

Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant

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Italy is demanding Dongfeng Motor Group Co. agree to safeguards on cybersecurity and data protection as the price of support for a new plant by the Chinese automaker, according to people familiar with the matter.As talks advance with Dongfeng, Prime Minister Giorgia Meloni’s government is requiring components such as infotainment units be provided by local suppliers for security reasons, the people said, asking not to be identified discussing confidential negotiations. Italian officials also want consumer data to be collected and managed within the country, they said. Source link lol
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WeRide Is Said to Seek Up to $400 Million in US IPO, Placement
09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

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China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol
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Microsoft Says Iranian Hackers Targeted US Political Campaigns
09 Aug

Microsoft Says Iranian Hackers Targeted US Political Campaigns

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A hacking group linked to the Iranian government tried to breach the email accounts of presidential campaign staffers as part of a wider effort to gather intelligence ahead of the US election, Microsoft Corp. said Friday.Attackers connected to the Islamic Revolutionary Guard Corps in June used a compromised email address from a former political adviser to try phishing another high-ranking presidential campaign official, according to findings from Microsoft’s Threat Analysis Center. That group, which Microsoft calls Mint Sandstorm, also unsuccessfully attempted to log in to the account of a former presidential candidate. The report didn’t identify the individual targets by…
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How a Traditional Toymaker Is Going Big on Digital Games
09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

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Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…
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With US Chips Act Money Mostly Divvied Up, the Real Test Begins
09 Aug

With US Chips Act Money Mostly Divvied Up, the Real Test Begins

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The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.The Chips Act, enacted two years ago Friday, is the nation’s most audacious foray into industrial policy since World War II. It’s essentially a bet that four companies — Intel Corp., Micron Technology Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. — can bring sophisticated chip production back to the US. In a sign of the ambition, one explicit goal is making a fifth of…
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Saudi Film Industry Calls on Hollywood to Nurture Local Talent
09 Aug

Saudi Film Industry Calls on Hollywood to Nurture Local Talent

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At the end of a meandering desert road, between cliffs streaked with red hues and burnt orange sand, sits a pristine, state-of-the art film studio, awaiting its first production.Located in the outskirts of AlUla, a city in northwest Saudi Arabia built more than 2,000 years ago along the Silk Road, the facility is as untouched as the landscapes around it. Source link lol
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