A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible.
A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible.

A SpaceX-Tesla merger has moved from rumour toward roadmap. On the day SpaceX began trading, the people around Elon Musk stopped waving the idea away. SpaceX President Gwynne Shotwell did the floating. Asked about merger chatter by CNBC, she said a tie…

Alibaba is offering $1.5 billion for China’s last big independent grocer. The bidding war with Meituan is on.
Alibaba is offering $1.5 billion for China’s last big independent grocer. The bidding war with Meituan is on.

Alibaba Group is offering $1.5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed b…

Meta has cut Manus off from its internal systems and told staff to sunset the AI platform
Meta has cut Manus off from its internal systems and told staff to sunset the AI platform

Meta has erected a data firewall between itself and Manus, the Chinese-founded agentic AI service it acquired for $2 billion in December 2025. Since the start of June, Manus and its staff have been barred from accessing Meta’s internal data systems, an…

Nvidia partner Bizlink buys Blackstone’s Interplex data centre unit for $850 million
Nvidia partner Bizlink buys Blackstone’s Interplex data centre unit for $850 million

Bizlink Holding, a Taiwanese manufacturer of cables, connectors, and power distribution systems, has agreed to buy the information and communications technology unit of Blackstone’s Interplex for $850 million in cash. The deal includes an additional $5…

Reid Hoffman leaves Microsoft’s board to go ‘founder mode’ with AI drug startup Manus
Reid Hoffman leaves Microsoft’s board to go ‘founder mode’ with AI drug startup Manus

Reid Hoffman is stepping down from Microsoft‘s board of directors after nearly a decade. The company disclosed the departure in a regulatory filing on Thursday. Hoffman said he wants to go “founder mode” with Manus, his AI-powered drug discovery startu…

Meta spent $400 million and fought the US government to buy a VR fitness app, then let its creators take it back
Meta spent $400 million and fought the US government to buy a VR fitness app, then let its creators take it back

In 2023, Meta fought an eight-month antitrust battle with the Federal Trade Commission for the right to acquire Within, the studio behind the VR fitness app Supernatural. The deal was reportedly worth around $400 million. Mark Zuckerberg even testified…

Salesforce is acquiring Contentful to give Agentforce a content layer that can assemble experiences on the fly
Salesforce is acquiring Contentful to give Agentforce a content layer that can assemble experiences on the fly

Salesforce has signed a definitive agreement to acquire Contentful, the API-first headless content management platform used by more than 4,800 enterprises to deliver digital experiences across web, mobile, and emerging channels. The deal, announced on …

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…