Investment & Financing
Tech-Centric Venture Group The Z Label Raises $11.4 Million to Build New Consumer Products for GenZs
HONG KONG, Nov. 4, 2024 /PRNewswire/ -- The Z Label, a tech-centric venture building group inHong Kong, has raised $11.4 million led by Beyond Ventures to build up a portfolio of products for global GenZ consumers. The funding will be used for both developing products in-house and co-incubating w...
DAZN AND QUEENSBERRY PROMOTIONS ANNOUNCE HISTORIC GLOBAL MEDIA RIGHTS DEAL
* From 1 April 2025, DAZN will be the exclusive global broadcast partner of Queensberry Promotions, bringing its elite boxing events to fans worldwide for the first time. * DAZN to unify premium boxing content on a single platform with Queensberry joining Matchroom, Golden Boy Promotions, Mi...
Alba and Daiki Aluminium Reiterate Commitment to Sustainable Aluminium Production at Gateway Gulf 2024
MANAMA, Bahrain, Nov. 4, 2024 /PRNewswire/ -- At Gateway Gulf 2024, an investment forum hosted by the Bahrain Economic Development Board (Bahrain EDB), Aluminium Bahrain B.S.C. (Alba) and Daiki Aluminium Industry Company Ltd. reaffirmed their strategic partnership by announcing their intention t...
Celebrating 40 Years of UAE-China Friendship at 'Building Bridges for the Future' on Abu Dhabi's Corniche
The event's first day saw a memorable kick-off with Emirati and Chinese dignitaries touring cultural exhibits, enjoying performances, and celebrating the UAE-China partnership. Visitors are encouraged to join the further festivities on November 2nd and 3 rd as there are still plenty more exciting...
Aon to acquire UK-based Insurance Broker Griffiths & Armour
DUBLIN, Nov. 1, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the signing of a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by ...
Fujitsu and AMD to begin strategic partnership to develop more sustainable computing infrastructure intended to accelerate open-source AI initiatives
KAWASAKI, Japan and SANTA CLARA, Calif., Nov. 1, 2024 /PRNewswire/ -- Fujitsu and AMD (NASDAQ: AMD) today announced that they have signed a memorandum of understanding (MOU) to form a strategic partnership to create computing platforms for AI and high-performance computing (HPC). The partnership,...
Amcor to Sell Interest in BCNA Joint Venture for $122 Million
Sale not expected to impact FY25 financial outlook Proceeds to be used to reduce debt ZURICH, Oct. 31, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it has entered into an agreement to sell its 50% i...
Bifrost raises $8M to accelerate AI's ability to solve problems in the physical world
SAN FRANCISCO, Nov. 1, 2024 /PRNewswire/ -- Bifrost AI, a Generative 3D Data platform, raised$8 million in Series A funding to meet the growing demand for AI training data and 3D simulations. Its physically accurate data generation engine provides the vast real-world scenarios crucial in rapidly ...
SKF completes acquisition of John Sample Group
GOTHENBURG, Sweden, Oct. 31, 2024 /PRNewswire/ -- SKF has completed the previously announced acquisition of John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921. "We're glad to welco...
EQT Acquires Leading SaaS Talent Solutions Provider PageUp to Accelerate Global Expansion and Product Innovation
* PageUp will leverage EQT's expertise to accelerate international expansion and drive product innovation in talent management software. * EQT's investment builds on PageUp's strong track record of expansion through organic growth and strategic acquisitions. * The partnership reinforces EQT'...
e& announces Q3 2024 earnings with consolidated revenue growth of 10% to AED 14.4 billion
e& completes acquisition of controlling stake in PPF Telecom and 100% acquisition of GlassHouse, expanding its footprint to 38 countries ABU DHABI, UAE, Oct. 31, 2024 /PRNewswire/ -- e& today announced its Q3 2024 consolidated financial results, reporting consolidated revenue of AED 14.4 billion...
SK Networks and Sunway Join Forces to Drive AI Innovation and Explore Regional Expansion
*Extensive collaboration expected in AI-powered products and systems••• including possible joint venture & share swap *MoU will also see Sunway tapping the talent and innovation of PhnyX Lab, the Silicon Valley-based AI research and development arm of SK Networks *SK Networks, "We'll focus on boos...
Nagarro fortifies its UK footprint with the strategic acquisition of FWD View Limited
MUNICH, Oct. 30, 2024 /PRNewswire/ -- Nagarro, a global leader in digital engineering, announced today the acquisition of FWD View Limited, a UK-based specialist in financial market data transformations and visualization solutions. This strategic acquisition enriches Nagarro's portfolio in the f...
Digital Turbine and ONE Store Expand Partnership to Globalize Alternative App Growth
Digital Turbine Will Bring a Suite of Android and iOS App Growth Solutions, Including ONE Store's Market Leading Alternative App Marketplace, toNorth America, the EU, and LATAM AUSTIN, Texas and SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ -- Digital Turbine, the global leader in growth solut...
Neurophet partners with Beijing LADO Technology… Intends to establish Joint Venture in China
* Neurophet enters into a strategic agreement with LADO to distribute Neurophet SCALE PET * Improves the efficiency of market entry with expertise of medical device go-to-market process inChina through the establishment of joint venture SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ -- Neurop...
Teijin and Hilleman Laboratories to Expand Business in Asia-Pacific via Strategic Partnership to Promote CDMO Services in Cell and Gene Therapy
SINGAPORE, Oct. 30, 2024 /PRNewswire/ -- Teijin Limited
Pulsenmore Expands Partnership with Clalit Health Services to Deliver 25,000 Home Ultrasound Devices for Remote Prenatal Care
RAMAT GAN, Israel, Oct. 30, 2024 /PRNewswire/ -- Pulsenmore (TASE: PULS), a pioneering provider of home-based ultrasound technology, has announced the renewal and expansion of its strategic partnership with Clalit Health Services, Israel's largest HMO. Over the next five years, Pulsenmore will sup...
Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures
ZUG, Switzerland, Oct. 30, 2024 /PRNewswire/ -- Validation Cloud, the leading Web3 data and AI company, has selected True Global Ventures as its lead investor, contributing$10M. The company plans to use the funds to expand its AI product, bringing seamless access to Web3 data and enabling unparal...
Aetherium Acquisition Corp. Receives Letter of Termination of Business Combination Agreement
GREENWICH, Conn., Oct. 29, 2024 /PRNewswire/ -- Aetherium Acquisition Corp. (Nasdaq: GMFI) ("Aetherium" or "Company") announced today that it received written notice from Capital A Berhad stating that it has elected to unilaterally terminate the business combination agreement datedFebruary 28, 20...
Junee Limited Announces Financing Round of Up to US$40 Million to Establish AI (Artificial Intelligence) Supercomputing Center in Australia
SINGAPORE, Oct. 29, 2024 /PRNewswire/ -- Junee Limited (NASDAQ: JUNE) (the "Company"), today announced its strategic focus on developing and operating artificial intelligence (AI) computing centers. To support this initiative, the Company plans to raise up toUS$40 million through a financing roun...
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