acquisitions - CybAI news

16 Aug

Uber Raised to Investment-Grade by S&P on Earnings Growth

stp2y0 CommentsRAG modelsacquisitions, Bonds, business, Cash Flow, Conservative, Debt, Earnings, finance, Markets, MOODY'S CORP, Technology, UBER TECHNOLOGIES INC

S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth.Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statementBloomberg Terminal. Investment-grade credit ratings can translate to lower borrowing costs for a company, because a wider array of investors are eligible to buy high-grade securities. Source link lol

15 Aug

CK Hutchison Profit Declines as Global Headwinds Persist

stp2y0 CommentsRAG modelsacquisitions, CK HUTCHISON HOLDINGS LTD, CK INFRASTRUCTURE HOLDINGS L, Consumer Spending, europe, Hong Kong, infrastructure, Middle East, retail, Technology, Victor Huike

CK Hutchison Holdings Ltd. has vowed to explore more deals with long-term value to navigate increasing geopolitical and financial market risks, as the Hong Kong conglomerate reported slumping profit for the first half of the year.The group, founded by billionaire Li Ka-shing, saw net income in the first half this year fall 9% to HK$10.2 billion ($1.3 billion), it said in a filing Thursday. Total revenue rose 4% to HK$232.6 billion during this period. Source link lol

14 Aug

Playtech Shares Jump 19% on Flutter Interest in Italian Unit

stp2y0 CommentsRAG modelsacquisitions, Consumer Discretionary, europe, FLUTTER ENTERTAINMENT PLC-DI, Great Britain, Italy, Markets, Mergers, Milan, PLAYTECH PLC, sports, Technology

Playtech Plc’s shares jumped the most in almost three years after the European gaming company confirmed reports it was in exclusive talks with Flutter Entertainment Plc on the potential sale of its Italian unit, Snaitech, for about £2 billion ($2.6 billion).The London-listed company confirmed the discussions in a statement Wednesday, following a report by Sky News. Playtech said it had granted Flutter a period of exclusivity to complete due diligence and finalize transaction documentation. Source link lol

13 Aug

Tech Could Use More Susan Wojcickis

stp2y0 CommentsRAG modelsacquisitions, ALPHABET INC-CL A, Cancer, career, Culture, Elon Reeve Musk, Linda Yaccarino, Susan D Wojcicki, Technology, view, Women, youtube

As the CEO of Alphabet Inc.’s YouTube, Susan Wojcicki was no stranger to controversy. She once said that trying to manage a platform struggling with misinformation and vile behavior meant that “everybody is angry at you all the time.”But after learning that she had died last week at age 56 after a two-year battle with lung cancer, the firestorm I keep coming back to had nothing to do with the business she ran. It took place during a period in 2015 when interviewers at tech conferences couldn’t seem to stop asking Wojcicki about her kids. The CEO had five of…

12 Aug

India’s Bharti Agrees to Buy 24.5% of Carrier BT From Altice

stp2y0 CommentsRAG modelsacquisitions, advertising, Armando Pereira, BT GROUP PLC, Debt, india, infrastructure, OUTBRAIN INC, Portugal, Technology, United Kingdom

Bharti Global has agreed to buy about 24.5% of BT Group Plc, a deal to invest in a $17 billion British carrier that will accelerate an expansion overseas.Bharti, an affiliate of Indian conglomerate Bharti Enterprises, is buying stock from shareholder Altice UK, it said in a statement. The Indian firm said it has no intention of offering to buy out the rest of BT. Source link lol

08 Aug

Travel Startup Flyr Raises $295 Million in Equity and Debt

stp2y0 CommentsRAG modelsABU DHABI INVESTMENT AUTHORI, acquisitions, AIRBNB INC-CLASS A, BLACKROCK INC, Debt, JETBLUE AIRWAYS CORP, software, startups, Technology, travel, Wall Street

Flyr, a travel startup that provides software to companies including JetBlue Airways Corp., has raised $295 million in equity and debt in a new funding round. The deal, led by WestCap, values the startup at $900 million, according to a person familiar with the matter who asked not to be identified discussing private information. Other investors included BlackRock funds, Streamlined Ventures and a subsidiary of the Abu Dhabi Investment Authority. The financing represents $225 in equity and $70 million in debt, and brings the startup’s total investment haul to $500 million. Source link lol

04 Jun

Boomi upgrades its integration platform as a service with new AI agents, acquisitions – SiliconANGLE

stp2y0 CommentsGenAIacquisitions, Boomi upgrades its integration platform as a service with new AI agents, Maria Deutscher, SiliconANGLE

Boomi LP has acquired software assets from two companies, APIIDA GmbH and Cloud Software Group Inc., to enhance its flagship integration-platform-as-a-service product. The iPaaS provider announced the deals today at its Boomi World 2024 conference in Denver. Alongside the features gained through the two acquisitions, Boomi detailed several new platform capabilities that it developed in-house. The latter enhancements are headlined by a set of artificial intelligence agents designed to ease customers’ day-to-day work. Boomi launched at the turn of the millennium and became part of Dell Technologies Inc. through a 2010 acquisition. About a decade later, Dell sold the software…