HIG Capital to Buy Ascent Logistics From Elliott Management
Ascent, which focuses on fast freight delivery, saw an uptick in demand during Covid
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Recent Editions
Tiger Global to Sell Stake in AI Startup Cohere
The deal with value the startup at around $3 billion, a 40% markup from the startup's last round
Salesforce Leads Investment in Hugging Face, Doubling Startup’s Valuation
The new round more than doubles the New York-based startup’s valuation from its last fundraising in May 2022.
Former Meta VP Launches AI Startup Sizzle
Jerome Pesenti left Meta last year after four years at the company.
Meta Adds Chronological Stories and Reels for European Users
Meta Platforms said it will soon offer disappearing Stories and short-form Reels in chronological order due to new European Union regulation.
Justice Department Won’t Challenge Thoma Bravo’s ForgeRock Purchase
DOJ had considered bringing a case to block deal on antitrust concerns
IBM Sells Weather Channel App and Weather.com to Francisco Partners
Francisco also bought Watson Health assets from IBM last year
Microsoft to Sell Streaming Rights for Activision-Blizzard Games
The UK regulator will review the new terms of the proposed deal and make a decision by October 18.
Draft TikTok Security Deal Would Have Given Government Unprecedented Control
Among the provisions, the U.S. government would have been able to veto the hiring of any U.S.D.S. executive or ByteDance contracts with vendors.
Zoom’s Shares Rise on Strong Earnings, Big Customer Growth
While Zoom's sales growth has slowed amid the return to working in offices, there are signs that investors' confidence in its future is on the rise.
Arm’s IPO Prospectus Marks Key Step Toward Major IPO
The company generated about $675 million in revenue last quarter, down about 2.5% from the same period last year, while profits also fell by more than half.
Coinbase Buys Minority Stake in USDC Issuer Circle
The Centre Consortium, a Circle- and Coinbase-led nonprofit that managed USDC, is also shutting down.
Bloomberg Overhauls Leadership Ranks
Former Bank of England governor Mark Carney will chair a revamped board
Meta to Launch Web Version of Threads
Introduction of the new feature comes as usage of Threads as reportedly fallen off dramatically.
European Law is About to Take Effect for Big Tech
The Digital Services Act is one piece of a series of laws and regulations that are slowly limiting what big tech firms can do in Europe.
Instacart Revenue Rose 30% Despite Weak Delivery Growth
How investors view Instacart's mixed results will determine its valuation in its upcoming IPO.
Arm’s Revenue Fell 1% Last Year
Details of Arm's financial performance are expected to become public with its IPO filing next week.
Amazon Tries to Attract Creators With Cash Offers for Videos
Creators mocked offers from Amazon to create videos for its new TikTok-like feed for being too low.
Checkout.com Terminates Contract with Binance
Binance was once the largest customer at Checkout, which also works with crypto companies such as Blockchain.com, Crypto.com and MoonPay.
Instacart Aims for September IPO
The listing would cap more than a year of will-they-or-won't-they speculation about the grocery delivery firm's listing aspirations.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy