Octopus Energy Group is a British renewable energy group founded in 2015 and headquartered in London, England. It specializes in sustainable energy and is the UK’s largest supplier of electricity to domestic customers and the second largest in domestic gas. According to reports, Octopus has announced plans to acquire Exagen Group, a solar and battery…
Vista & Blackstone To Acquire Smartsheet For $8.4 Billion
Vista Equity Partners, an American private equity firm founded in 2000 that specializes in investments in software, data, and technology-enabled businesses along with Blackstone has announced plans to acquire Smartsheet, a collaboration software maker for $8.4 billion USD. According to reports, this all-cash transaction values Smartsheet at $56.50 per share and will accelerate the vision…
Samsung To Invest $1.8 Billion In Vietnam
Samsung has announced plans to invest $1.8 billion USD in Yen Phong Industrial Park in Bac Ninh province, Vietnam, to manufacture organic light-emitting diode (OLED) displays. According to reports, the new facility will be used for the production of OLED displays for automobiles and technology equipment to expand Samsung’s presence in the region. The report…
Apollo To Invest $5 Billion In Intel
Apollo Global Management, Inc. is an American asset management firm founded in 1990 and headquartered in New York City. It provides investment management services like private equity, credit, real assets, etc. As of 2022, the company had $548 billion USD of assets under management. According to reports, Apollo has announced plans to invest $5 billion…
General Motors To Layoff 1,695
General Motors has announced plans to lay off 1,695 employees at its Fairfax Assembly plant in Kansas, as part of a cost-cutting initiative that will be carried out in two phases. According to reports, the first round of layoffs will begin in November 18, and will temporarily lay off 686 full-time employees and terminate 250…
McLaren To Recall 1,012 Vehicles
McLaren is a British sports car manufacturer founded in 1963 and headquartered in Woking, England. It is a subsidiary of McLaren Group and is involved in Formula One, motorsport, as well as technology and innovations. According to reports, the company has issued a recall of 1,012 vehicles due to an issue with the hood latch…
General Motors To Recall 449,671 Vehicles
General Motors has issued a recall of 449,671 vehicles due to inoperative low brake fluid warnings. According to reports, the electronic brake control module software on impacted vehicles may fail to display a warning light when a loss of brake fluid occurs, which may potentially increase the risk of a crash over time. Affected vehicles…
Qualcomm To Layoff 226
Qualcomm, the multinational semiconductor, microchip, and software corporation, has announced plans to lay off 226 workers in San Diego later this year as part of a restructuring initiative. The report further mentions that the restructuring will enable the company to invest in key growth areas, as the layoff is a result of a slowdown in…
Amazon Rolls Out Project Amelia For Enterprise
Amazon has announced the launch of Project Amelia, an AI assistant designed to help sellers grow their businesses on the platform by answering questions about their metrics and resolving issues on behalf of sellers. According to reports, Project Amelia is currently available to a limited set of sellers in the United States and is built…
Playtika: $700 Million SuperPlay Acquisition Deal
Playtika Holding Corp. is an Israeli digital entertainment company founded in 2010 and headquartered in Herzliya, Israel. It specializes in the development and publication of mobile games. As of 2021, the company had over 35 million monthly active users. According to reports, Playtika has announced plans to acquire SuperPlay for $700 million USD upfront. This…