CoStar is paying $800 million for Zonda to close the last gap in its real estate data empire
CoStar is paying $800 million for Zonda to close the last gap in its real estate data empire

CoStar Group has agreed to acquire Zonda, the leading provider of new-home construction data, homebuilder software, and residential real estate marketplaces, for $800 million in cash. The deal, announced on Thursday, is expected to close in the second …

Asana buys no-code agent builder Stack AI as it tries to become the operating system for human-agent teams
Asana buys no-code agent builder Stack AI as it tries to become the operating system for human-agent teams

Asana has acquired Stack AI, a no-code platform for building AI agents that operate across enterprise systems like Salesforce, Slack, and Google Workspace. The deal, reported at $75 million, was announced on 28 May after market close, timed to coincide…

Analog Devices snaps up Empower Semiconductor for $1.5bn to tackle AI’s power problem
Analog Devices snaps up Empower Semiconductor for $1.5bn to tackle AI’s power problem

Analog Devices has agreed to buy Empower Semiconductor for $1.5 billion in cash, placing a major bet that the insatiable energy demands of AI data centres will keep chipmakers scrambling for better power-delivery technology. The deal, announced on Mond…

SpaceX plans to buy Cursor for $60 billion once its record IPO wraps
SpaceX plans to buy Cursor for $60 billion once its record IPO wraps

SpaceX expects to complete its $60 billion acquisition of AI coding startup Cursor roughly 30 days after it begins trading publicly, according to Bloomberg, a timeline that would place the deal in July if the company’s blockbuster IPO proceeds on sched…

ICE plans compute futures contracts as Wall Street races to turn GPU power into a tradable commodity
ICE plans compute futures contracts as Wall Street races to turn GPU power into a tradable commodity

  Intercontinental Exchange, the parent company of the New York Stock Exchange, is preparing to launch futures contracts tied to the cost of computing power, marking the latest sign that Wall Street sees AI infrastructure as the next great commodity ma…

Panasonic buys UK media server maker HIVE in push beyond hardware
Panasonic buys UK media server maker HIVE in push beyond hardware

Panasonic Projector & Display Corporation has acquired 100% of the issued shares of UK-based HIVE Media Control, the company behind the award-winning BeeBlade media server platform. The deal signals a decisive shift in Panasonic’s strategy, moving …

AMD’s Lisa Su meets China’s vice premier in Beijing as chip diplomacy intensifies
AMD’s Lisa Su meets China’s vice premier in Beijing as chip diplomacy intensifies

  AMD CEO Lisa Su sat down with Chinese Vice Premier He Lifeng at the Great Hall of the People in Beijing on Monday, a meeting that underscores how US chipmakers are scrambling to protect their foothold in the world’s second-largest semiconductor marke…

Coursera announces $500 million buyback one week after closing its $2.5 billion Udemy merger
Coursera announces $500 million buyback one week after closing its $2.5 billion Udemy merger

  Coursera has announced a $500 million share repurchase programme, its first buyback since going public in 2021 and one that arrives exactly one week after the online learning company completed its merger with Udemy. The board approved the programme o…

Carta acquires a law firm and bets the future of private capital runs on a single platform
Carta acquires a law firm and bets the future of private capital runs on a single platform

  Carta has spent the past eight months buying its way toward something that did not exist a year ago: a single platform that handles dealmaking, fund operations, investor relations, and now legal and compliance work for the private capital industry. T…

OpenAI just acquired the consulting firm it was born alongside. The model company is now the services company.
OpenAI just acquired the consulting firm it was born alongside. The model company is now the services company.

  Tomoro was created in 2023 in alliance with OpenAI. The Edinburgh and London-based firm built AI concierges for Virgin Atlantic, in-game support agents for Supercell, and deployment systems for Fidelity International, Tesco, Red Bull, Mattel, and the…