Mullen acquires 60% stake in Bollinger for $148M
Mullen Automotive Inc. acquired a controlling interest in fellow electric vehicle manufacturer Bollinger Motors, of Oak Park, Mich.Mullen, headquartered in Brea, Calif., bought a 60 percent stake in Bollinger for $148.2 million, the company said Thur.....»»
US demands Chinese owners sell TikTok, or face ban
The Biden Administration has reportedly told TikTok executives that the service could be banned completely in the US if China does not sell its stake in the firm.TikTok on a smartphoneThe long-running tensions between the US and social media platform.....»»
TikTok says US threatens ban if China stake not sold
TikTok, owned by Chinese firm ByteDance, says it has been contacted about a change in ownership......»»
The Electron Is Having a (Magnetic) Moment. It’s a Big Deal
A new experiment pulled off the most precise measurement of an electron’s self-generated magnetic field—and the universe’s subatomic model is at stake......»»
T-Mobile acquires Mint & Ultra Mobile for prepaid services
T-Mobile is buying Mint Mobile and Ultra Mobile to boost its prepaid cellular services, but the two carriers will largely remain separate entities.T-MobileThe carrier announced the plan on Wednesday to acquire Ka'ena Corporation and its brands Mint M.....»»
ActiveFence acquires Rewire to help customers identify harmful text-based content
ActiveFence has completed the acquisition of Rewire, a London-based startup that’s building AI for online safety. Combining ActiveFence’s Trust and Safety platform, content detection AI models and scalable API with Rewire’s repertoi.....»»
Akamai acquires Ondat to strengthen its cloud computing offerings
Akamai Technologies reached a definitive agreement to acquire Ondat, a cloud-based storage technology provider with a Kubernetes-native platform for running stateful applications anywhere at scale. Ondat’s technology delivers persistent storage.....»»
HPE acquires Axis Security to expand its edge-to-cloud security capabilities
Hewlett Packard Enterprise (HPE) revealed that it entered into a definitive agreement to acquire Axis Security, a cloud security provider. This acquisition will allow HPE to expand its edge-to-cloud security capabilities by offering a unified Secure.....»»
Billions at stake as dealers ask state lawmakers to get paid more for warranty work
A growing number of state dealer associations are petitioning state legislatures to close the historic gap between customer pay and warranty reimbursement, leaving automakers backpedaling to defend their bottom lines......»»
Warranty war: Dealers take their fight vs. automakers over pay to state capitols
Billions of dollars are at stake annually as a growing number of state dealer associations petition state legislatures to close the historic gap between customer pay and warranty reimbursement, leaving automakers backpedaling to defend their bottom l.....»»
Tata Motors in talks to raise $1B via stake sale in EV business, report says
Jaguar Land Rover owner Tata is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in its EV business, eyeing a valuation of about $10.5 billion, Reuters reported......»»
Lucid"s slow deliveries, Saudi stake are focus of Q4 earnings
Lucid Group's stock is higher this year on unconfirmed speculation the automaker could go private under Saudi ownership. During Wednesday's earnings call, investors also want to hear about the gap between production and deliveries to customers......»»
Warren Buffett"s company sells major stake in Taiwanese chip giant TSMC
Shares in Taiwan Semiconductor Manufacturing Company fell as much as 4% on Wednesday, after Warren Buffett's Berkshire Hathaway disclosed that it had sold most of its holdings in the chip giant......»»
Buffett"s quick $3.7 billion sale of TSMC stock spooks investors
Warren Buffett slashed his holding of Taiwan Semiconductor Manufacturing Co. just months after disclosing a major stake, an unusually quick reversal by the legendary stock picker that's chilling investor sentiment toward the chip giant......»»
Warren Buffett’s Berkshire Hathaway buys even more AAPL stock, ditches most of its TSMC
Warren Buffett’s Berkshire Hathaway has added to its already-massive holding of Apple stock. In a filing today, the conglomerate revealed that it expanded its stake in Apple by over $3 billion during Q4 2022. AAPL remains Berkshire’s single larg.....»»
Zscaler acquires Canonic Security to accelerate how enterprises address SaaS-native threats
Zscaler acquires Canonic Security to prevent organizations’ growing risks of SaaS supply chain attacks. With the massive migration to the cloud, as organizations are adopting hundreds of SaaS platforms, their users are connecting thousands of t.....»»
Berkshire Hathaway now owns 5.8% of public Apple stock
Warren Buffett's Berkshire Hathaway continues to increase its stake in Apple stock, adding 333,856 shares in Q4 2022.Warren Buffett. Image credit: Berkshire HathawayA 13-F filing with the Securities and Exchange Commission on Tuesday reveals Buffett'.....»»
Alibaba sold off Paytm stakes amid India"s restriction on Chinese investments
Alibaba Group sold off its stake in Paytm amid a sour relationship between China and India and Paytm's decling valuation since its IPO in 2021......»»
Alibaba sells remaining stake in top Indian online payment provider Paytm
Chinese e-commerce giant Alibaba has sold its remaining stake in Paytm, India's top digital payment app, as it gradually divests from its Indian investments amid friction between Beijing and New Delhi......»»
Ford slashes Rivian stake to 1.15% amid production woes at EV maker
Ford, which wrote down the value of its Rivian investment by $7.4 billion in 2022, has been paring down its stake amid production struggles at the California-based EV producer......»»
GF acquires Renesas" non-volatile resistive RAM technology
GlobalFoundries (GF) has announced the acquisition of Renesas Electronics' proprietary and production-proven conductive bridging random access memory (CBRAM) technology, a low-power memory solution designed to enable a range of applications in home a.....»»