Finance
SpaceX is set to sell insider shares at $112 each in a tender offer, valuing the company at approximately $210 billion. This price is higher than expected and marks a record valuation for an American private company. The company was previously valued at $180 billion in a December transaction. The
Business
German engineering group Robert Bosch GmbH is contemplating a bid for U.S. appliance manufacturer Whirlpool, which has a market capitalisation of approximately $4.8 billion. The potential acquisition would significantly strengthen Bosch's position in the household appliances market, enhancing its competitive edge, particularly against growing Asian rivals.
Finance
Volkswagen Group has announced a substantial investment in Rivian Automotive, committing up to $5 billion to form an equally controlled joint venture aimed at advancing electric vehicle (EV) technology. The partnership will focus on developing next-generation electrical architecture and software for EVs, leveraging Rivian's intellectual property and expertise.
Finance
Atomic Monster and Blumhouse are collaborating on a new film titled "Soulm8te," which is set to expand the "M3GAN" universe. Directed by Kate Dolan, who also rewrote the script originally penned by Rafael Jordan, the film is scheduled for release on January 2, 2026, through Universal
Entertainment
A new trailer has been released for the Max series "The Penguin," featuring Colin Farrell reprising his role as Oswald Cobblepot, also known as The Penguin, from Matt Reeves' 2022 film "The Batman." The series, directed by Matt Reeves and produced by Dylan Clark, Lauren
Finance
Advanced Energy Industries, a US-based semiconductor company, has decided not to pursue its acquisition of XP Power Limited, a Singapore-based electrical equipment firm. The decision follows three rejected proposals from Advanced Energy, the last of which valued XP Power at £496 million. Advanced Energy cited the inability to conduct necessary
Finance
The Israeli military has issued a warning that increased cross-border fire from Lebanon's Hezbollah movement could lead to a serious escalation, potentially resulting in devastating consequences for Lebanon and the region. Rear Admiral Daniel Hagari, a spokesman for the Israeli military, highlighted that Hezbollah has launched its largest
Finance
Noble Corporation has agreed to acquire Diamond Offshore Drilling, Inc in a stock plus cash transaction. Diamond shareholders will receive 0.2316 shares of Noble plus a cash consideration of $5.65 per share, marking an 11.4% premium to Diamond's closing stock prices on June 7, 2024.
Finance
Mondelez International, the maker of brands such as Oreo and Cadbury, has been fined €337.5 million ($366 million) by the European Union for anti-competitive practices. The European Commission accused the company of impeding cross-border trade of chocolate, biscuits, and coffee products between EU countries, thereby abusing its dominant market