Ace Pillar acquires 100% stake in BlueWalker
Ace Pillar, a distributor of mechatronic components used in industrial automation and provider of corresponding system integration services, will acquire a 100% stake in BlueWalker, a Germany-based UPS maker, at EUR4.00 million (US$4.39 million), acc.....»»
Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value
Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion. Enlarge (credit: Getty Images | DNY59) Fidelity's latest valuation of its stake in X implies that Elon Musk's social network is worth about 7.....»»
Rising star Luxshare secures major stake in Pegatron"s iPhone factory
Apple supplier Luxshare is taking over an iPhone assembly factory from a rival manufacturer after buying a majority stake in the location.Tim Cook visiting a Luxshare factoryLuxshare is buying a 62.5% stake in Pegatron's Kunshan factory in eastern Ch.....»»
The future of Arrakis is at stake in latest trailer for Dune: Part Two
"This is a form of power that our world has not yet seen." Dune: Part Two is the next chapter in director Denis Villeneuve's adaptation of Frank Herbert’s celebrated novel. We didn't get to see Dune: Part Two—the second film in.....»»
Renault to sell first portion of Nissan stake, booking $1.62 billion loss
Based on the current Nissan stock price, the share disposal is worth $824.29 million, Renault said, and represents the first move by the automaker to reduce its Nissan stake to 15 percent from around 43 percent......»»
Toyota plans to unload entire stake in Japan"s Harmonic Drive Systems
Toyota will sell 4.4 million shares of Harmonic Drive Systems at an undecided sale price, the precision control equipment maker said. The stake was worth $123 million on Wednesday......»»
BlueVoyant acquires Conquest Cyber to help clients mitigate risks while meeting new requirements
BlueVoyant announced the acquisition of Conquest Cyber, a cyber defense company renowned for its innovative SaaS technology that streamlines risk management across an organization’s entire cyber program. Conquest Cyber has proven successful wit.....»»
Samsung’s Harman Brand Acquires Digital Music Platform Roon
This recent acquisition is geared towards Harman's ‘work with all’ strategy, which involves collaborating with several other audio brands. The post Samsung’s Harman Brand Acquires Digital Music Platform Roon appeared first on Phandroid......»»
Toyota Group companies plan $4.7 billion sale of Denso stake, report says
The sale would mark the latest step by Toyota to unload some of its cross-shareholdings as it ramps up funding for R&D and factory floor overhauls ahead of future EV production......»»
Geely reduces Volvo stake; will continue to support Swedish automaker
The sale follows complaints from analysts and investors over the company’s small free float, which has put pressure on the stock and fueled high trading volatility......»»
Aston Martin F1 team gets investment from U.S. private equity firm
The stake sale, terms of which were not disclosed, values the racing group at $1.24 billion, Reuters reported......»»
Buffett"s Berkshire dumps stake in General Motors as it builds cash
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM after reporting a stake of $848 million in June......»»
Turkana stone beads tell a story of herder life in a drying east Africa 5,000 years ago
On the shores of Lake Turkana in east Africa, about 5,000 to 4,000 years ago, pastoralists buried their dead in communal cemeteries that were marked by stone circles and pillars. The north-west Kenya "pillar sites" were built around the same time as.....»»
Renault cuts Nissan stake to 15% after transferring shares to trust
Nissan will now invest up to $641 million in Renault's EV unit, Ampere, while Mitsubishi will invest up to $214 million......»»
CarGurus to pay $75M for rest of CarOffer as Q3 net income improves slightly, revenue plunges
The vehicle listings company bought a 51 percent stake in CarOffer, a wholesale digital marketplace platform, in 2021. News of the transaction comes as CarOffer's Q3 revenue dropped nearly 50 percent from a year ago......»»
New quantum computing architecture achieves electron charge qubit with 0.1 millisecond coherence time
Coherence stands as a pillar of effective communication, whether it is in writing, speaking or information processing. This principle extends to quantum bits, or qubits, the building blocks of quantum computing. A quantum computer could one day tackl.....»»
Stellantis resets China strategy with $1.6B stake in EV maker Leapmotor
Stellantis and Leapmotor will set up a joint venture based in the Netherlands, giving Stellantis exclusive rights for the export, sale and manufacturing of Leapmotor's products outside China......»»
Unstoppable Automotive acquires California dealerships in Monterey, Fresno
Unstoppable Automotive's transactions included a dealership in Fresno, Calif., owned by the Haron family since 1945......»»
Rapper Pras’ lawyer used AI to defend him in criminal case—it did not go well
Pras seeks new trial, says lawyer had "undisclosed financial stake" in AI tool. Enlarge / Pras Michel performs during the Roots Picnic at The Mann on June 3, 2023, in Philadelphia. (credit: Getty Images | Taylor Hill ).....»»
Bill Ford: Future of auto industry at stake in "acrimonious" UAW negotiations
Following Bill Ford's remarks, the UAW said, 'Bill Ford knows exactly how to settle this strike. ... He should call up Jim Farley, tell him to stop playing games and get a deal done.'.....»»
VPN users in Tanzania will soon be forced to reveal what they do online
As Tanzania's government plans to restrict VPN usage, authorities are called to "engage in constructive dialogue" instead. Here, what's at stake for citizens' rights......»»