Tag Archives: Mergers, Acquisitions & Takeovers

Google plans to invest even more money into Anthropic

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Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports. The search giant has invested in Anthropic at multiple points in the past, but this new investment comes after an announcement that the AI startup had signed a joint agreement with Google and Broadcom for "multiple gigawatts of next-generation TPU capacity."

According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones. Through Anthropic's existing commitment to use Google's TPUs (tensor processing units) and servers, Anthropic says Google will also provide 5 gigawatts of computing capacity in 2027.

If the structure of the deal and business relationship between Google and Anthropic sounds familiar, it might be because the AI startup recently announced something similar with Amazon. Earlier in April, Amazon announced that it would invest $5 billion in Anthropic, with an additional $20 billion in payments available if certain milestones were met. Anthropic also agreed to use Amazon's Trainium chips for its AI models.

The deals are another example of Anthropic's ability to burn through money — the company only just raised $30 billion in its most recent round of funding. They could also serve as an example of the AI industry's love of circular deals. Anthropic agreeing to use Google and Amazon's silicon and servers, receiving investment from both companies and then presumably spending some of that investment on more silicon and servers, is a pattern seen in the relationship between OpenAI, Nvidia, Microsoft and plenty of other players in the AI race.

This article originally appeared on Engadget at https://www.engadget.com/ai/google-plans-to-invest-even-more-money-into-anthropic-185000776.html?src=rss

Google plans to invest even more money into Anthropic

Posted on by

Google plans to invest up to $40 billion into Anthropic in what could be viewed as a circular deal with the AI startup (and frequent competitor), Bloomberg reports. The search giant has invested in Anthropic at multiple points in the past, but this new investment comes after an announcement that the AI startup had signed a joint agreement with Google and Broadcom for "multiple gigawatts of next-generation TPU capacity."

According to Anthropic, Google is committing $10 billion now at the company's current valuation, with an additional $30 billion on offer if Anthropic meets specific performance milestones. Through Anthropic's existing commitment to use Google's TPUs (tensor processing units) and servers, Anthropic says Google will also provide 5 gigawatts of computing capacity in 2027.

If the structure of the deal and business relationship between Google and Anthropic sounds familiar, it might be because the AI startup recently announced something similar with Amazon. Earlier in April, Amazon announced that it would invest $5 billion in Anthropic, with an additional $20 billion in payments available if certain milestones were met. Anthropic also agreed to use Amazon's Trainium chips for its AI models.

The deals are another example of Anthropic's ability to burn through money — the company only just raised $30 billion in its most recent round of funding. They could also serve as an example of the AI industry's love of circular deals. Anthropic agreeing to use Google and Amazon's silicon and servers, receiving investment from both companies and then presumably spending some of that investment on more silicon and servers, is a pattern seen in the relationship between OpenAI, Nvidia, Microsoft and plenty of other players in the AI race.

This article originally appeared on Engadget at https://www.engadget.com/ai/google-plans-to-invest-even-more-money-into-anthropic-185000776.html?src=rss

OpenAI buys its second startup in a month

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OpenAI has acquired Hiro Finance, a startup that offers AI-powered financial planning tools. As first reported by TechCrunch, fiscal terms of the deal, which was announced on Monday, were not disclosed by OpenAI. However, all signs point this to being an acquhire, with Hiro founder Ethan Bloch writing on LinkedIn that the company's product would stop working on April 20. Users have until May 13 to migrate their data off of Hiro's servers before everything is deleted.  

It's unclear if OpenAI plans to offer a dedicated financial planning tool in the mold of Hiro. At the start of the year, the company released Prism, a Claude Code-like app for scientific research that built on its acquisition of the startup behind Crixet. At the very least, it sounds like some of the expertise Hiro has built will make its way to OpenAI's chatbot. "For decades, personalized financial guidance has been too expensive, too generic, or too hard to access. ChatGPT is finally changing that," Bloch wrote on LinkedIn. 

The deal is the second acquisition in only two weeks to be announced by OpenAI. At the start of the month, the company bought Technology Business Programming Network (TBPN), a media company known for its daily tech podcast. For a company that has by all indications a long and tough road ahead to profitability, it sure does seem OpenAI is spending a lot of time and money on startups that might not end being central to its core business, which in recent months has seen it target the coding market to edge out Anthropic.   

This article originally appeared on Engadget at https://www.engadget.com/ai/openai-buys-its-second-startup-in-a-month-140550769.html?src=rss

OpenAI buys its second startup in a month

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OpenAI has acquired Hiro Finance, a startup that offers AI-powered financial planning tools. As first reported by TechCrunch, fiscal terms of the deal, which was announced on Monday, were not disclosed by OpenAI. However, all signs point this to being an acquhire, with Hiro founder Ethan Bloch writing on LinkedIn that the company's product would stop working on April 20. Users have until May 13 to migrate their data off of Hiro's servers before everything is deleted.  

It's unclear if OpenAI plans to offer a dedicated financial planning tool in the mold of Hiro. At the start of the year, the company released Prism, a Claude Code-like app for scientific research that built on its acquisition of the startup behind Crixet. At the very least, it sounds like some of the expertise Hiro has built will make its way to OpenAI's chatbot. "For decades, personalized financial guidance has been too expensive, too generic, or too hard to access. ChatGPT is finally changing that," Bloch wrote on LinkedIn. 

The deal is the second acquisition in only two weeks to be announced by OpenAI. At the start of the month, the company bought Technology Business Programming Network (TBPN), a media company known for its daily tech podcast. For a company that has by all indications a long and tough road ahead to profitability, it sure does seem OpenAI is spending a lot of time and money on startups that might not end being central to its core business, which in recent months has seen it target the coding market to edge out Anthropic.   

This article originally appeared on Engadget at https://www.engadget.com/ai/openai-buys-its-second-startup-in-a-month-140550769.html?src=rss

Uber to acquire Berlin-based chauffeur hailing app to ramp up its luxury travel efforts

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Uber has acquired Blacklane, a Berlin-based startup that offers chauffeur services and bookings through its app, with plans to expand further into the luxury travel industry. Blacklane, founded in 2011, acts as a liaison between independent local chauffeur services and travelers looking for a more premium ride. According to Uber, the deal is subject to regulatory approvals but is expected to close by the end of 2026.

"This partnership marks a significant milestone in Blacklane’s next chapter and is a powerful step-change in introducing our service to new markets globally," Jens Wohltorf, founder and CEO of Blacklane said in a press release. Uber didn't disclose the acquisition details and it's not clear if Uber Elite and Blacklane will compete against each other.

Currently, Blacklane is available in at least 500 cities across more than 60 countries. Besides on-demand chauffeur hailing, the startup offers long-distance rides from city to city, airport pickup with flight tracking, and by-the-hour bookings. Uber's acquisition of Blacklane comes several weeks after it launched Uber Elite as an invite-only service for its "luxury ride experience." Besides Uber Elite and Blacklane, another luxury hailing service has recently entered the US market. Earlier this month, Wheely announced its US debut with New York City as its first location, with five others to be announced in the coming years. Blacklane also currently operates in New York City, along with several dozen other cities in the US.

This article originally appeared on Engadget at https://www.engadget.com/transportation/uber-to-acquire-berlin-based-chauffeur-hailing-app-to-ramp-up-its-luxury-travel-efforts-163855603.html?src=rss

Amazon acquires autonomous robotics startup Rivr

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Amazon has acquired Rivr, a startup focused on autonomous robotics. Rivr is based in Zurich and was valued at $110 million in a funding round from August 2024, which both Amazon and its CEO's Bezos Expeditions participated in. Financial details of the acquisition were not disclosed. 

Rivr's robots have four legs and wheels that allow it to maneuver on stairs and other potentially uneven surfaces. The company just released its second generation of the robot. The purchase will likely further Amazon's capabilities for ever-faster and more efficient package deliveries. 

"This acquisition reflects our commitment to a continued investment in research, which we believe has the potential to further improve safety outcomes and the overall delivery experience for delivery service partners and their delivery associates," a representative from Amazon told The Information.

Amazon has been working toward introducing automations and robotics at various stages of its shopping business. It deployed its 1 millionth robot last summer and has future goals for automating 75 percent of all its operations.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/amazon-acquires-autonomous-robotics-startup-rivr-212839750.html?src=rss

Apple acquires popular video editing software company MotionVFX

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Apple's latest acquisition could be a hint towards improvements for Final Cut Pro. The tech giant acquired MotionVFX, as seen on the company's website and first reported by MacRumors, which is known for providing plugins, templates, visual effects and more to video editors. MotionVFX currently offers its software for a handful of video-editing apps, like DaVinci Resolve and Adobe Premiere, but is also listed as a trusted Apple partner and found in the Final Cut Pro ecosystem of third-party products.

Apple hasn't revealed an acquisition price nor details of the deal. On its website announcement, MotionVFX wrote that it's "thrilled to embrace" similar values seen with Apple products and that it's the "beginning of something wonderful."

Considering a lot of MotionVFX's tools are designed for Final Cut Pro and Apple's Motion app, we could see native integration of popular visual effects and templates into Apple's app interfaces. It's worth noting that MotionVFX already offers an extension that creates a panel directly in Final Cut Pro for users to browse, download and apply visual effects from its repository. The acquisition could also hint at Apple trying to make its Creator Studio more enticing in the future, since it includes both Final Cut Pro and Motion. However, there hasn't been any clarity on what will happen to MotionVFX's monthly or annual subscription plans, nor its support for competing products.

This article originally appeared on Engadget at https://www.engadget.com/apps/apple-acquires-popular-video-editing-software-company-motionvfx-175429480.html?src=rss

Teamsters urge DOJ to block Paramount’s Warner Bros. merger

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The International Brotherhood of Teamsters, the union that covers warehouse workers, drivers and a diverse collection of other laborers, has come out against Paramount Skydance's merger with Warner Bros. Discovery. In a press release, the Teamsters announced that it has submitted a report to the US Department of Justice's Antitrust Division outlining its concerns about the impact of the deal, and is urging the DOJ to intervene in the merger.

"This merger threatens the livelihoods of the very workers who built these studios into industry giants," Teamsters General President Sean M. O’Brien said in a statement. "We've seen what happens when corporations consolidate power: jobs disappear, production leaves American communities and workers pay the price. The DOJ has a responsibility to stop deals that eliminate competition and harm working families. Unless Paramount and Warner Bros. can guarantee enforceable protections for domestic production and labor standards, this merger can’t be allowed to move forward."

The Teamsters are primarily concerned with how merging the two companies will consolidate power, and eliminate jobs in the process. "Previous mergers have a well-documented track record of harming workers — Disney’s 2019 acquisition of 20th Century Fox resulted in eliminated production units, significant job losses and canceled projects," the union says. Motion Picture Teamsters, the division of the union concentrated in Hollywood that transports the equipment, props and crew members that make productions possible, stand to be most impacted. 

The high likelihood the merger impacts competition in the market is why the Teamsters expect the DOJ to step in, or in the case Paramount and Warner Bros. aren't able to provide "enforceable commitments to increasing and maintaining domestic production, strong labor standards and guarantees against layoffs and erosion of union jobs," block the deal entirely.

Engadget has asked the Teamsters union what it plans to do if the Department of Justice doesn't intervene. We'll update this article if we hear back.

If it's allowed to eat Warner Bros., Paramount Skydance has committed to producing 30 theatrical films annually, evenly split across the two studios’ slates. The larger issue is that the company's offer to acquire the studio is predicated on the idea it will quickly pass the muster of government regulators. Paramount Skydance CEO David Ellison is the son of Oracle co-founder Larry Ellison, who's known to have close ties with President Donald Trump, and has already benefited from favorable treatment from the administration. There's a real possibility that Paramount's new merger could similarly sail through, regardless of the Teamsters' concerns.

This article originally appeared on Engadget at https://www.engadget.com/entertainment/teamsters-urge-doj-to-block-paramounts-warner-bros-merger-215115721.html?src=rss

Paramount+ and HBO Max could be merging into a single streaming service

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Paramount Skydance plans to combine Paramount+ and HBO Max into a single streaming service following the completion of its merger with Warner Bros. Discovery. CEO David Ellison confirmed the plan on an investor call Monday, saying the combined platform would serve over 200 million subscribers and position the company to compete with the biggest players in the streaming space.

“We think the combined offering, and given the amount of content and what we can do from the tech side, really will put us in a position to be able to compete with the most scaled players in DTC,” Ellison said. It’s not yet clear whether the app’s two libraries will be fully integrated, or whether one will exist as a standalone service within the other. Ellison signaled that the HBO brand will “operate with independence” during the call.

Also unclear is what the newly combined app would cost subscribers. The last year has seen nearly across-the-board increases in the cost of streaming services, including HBO Max.

The planned merger would unite Paramount’s CBS, MTV, Comedy Central and BET with Warner’s CNN, HBO, TNT and Food Network, along with franchises including Game of Thrones, Mission: Impossible, the DC Universe and SpongeBob SquarePants under one roof. The combined entity is expected to carry roughly $79 billion in net debt, according to Reuters, and could be considered the largest leveraged buyout in history. The deal is expected to close in the back half of 2026, pending regulatory approval.

This article originally appeared on Engadget at https://www.engadget.com/entertainment/streaming/paramount-and-hbo-max-could-be-merging-into-a-single-streaming-service-163439653.html?src=rss

Antitrust head overseeing Netflix-Warner merger resigns

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The head of the antitrust division is out at the US Department of Justice. Gail Slater, a former JD Vance adviser and Fox Corp VP, reportedly clashed with Attorney General Pam Bondi. Their longstanding feud is said to have centered around Slater's skepticism of corporate mergers.

"It is with great sadness and abiding hope that I leave my role as [Assistant Attorney General] for Antitrust today," Slater posted on X. "It was indeed the honor of a lifetime to serve in this role."

Although Slater technically resigned, The Guardian reports that she was forced out. The fallout was said to be over her differences with Bondi (who just yesterday yelled, insulted and deflected her way through a hearing over the DOJ's stonewalling of the Epstein files). In recent weeks, Bondi reportedly reiterated to the White House that Slater's views on the antitrust division's direction made the pair's relationship irreconcilable.

WASHINGTON, DC - FEBRUARY 11: U.S. Attorney General Pam Bondi testifies before the House Judiciary Committee in the Rayburn House Office Building on February 11, 2026 in Washington, DC. Bondi is expected to face questions on her department’s handling of the files related to the convicted sex offender Jeffrey Epstein, President Trump’s investigations into political foes and the handing of the two fatal ICE shootings of U.S. citizens. (Photo by Win McNamee/Getty Images)
Attorney General Pam Bondi (Photo by Win McNamee/Getty Images)
Win McNamee via Getty Images

The tensions reportedly began simmering last summer, when Slater sought to block the merger between Hewlett-Packard Enterprise and Juniper Networks. She opposed the deal out of concerns that it would create a duopoly in cloud computing and wireless networking. In addition, Slater reportedly told Bondi that US intelligence hadn't raised any concerns about blocking the merger. However, CIA Director John Ratcliffe later claimed that blocking it would pose national security risks because it could lead to the loss of business to China. The Trump administration's merger-friendly DOJ ultimately approved the deal.

Alongside Bondi, Slater was overseeing the DOJ's review of Netflix's proposed acquisition of Warner Bros. Discovery. In December, Trump said he would be involved in the regulatory review. That followed intense lobbying by Netflix and Paramount, the latter of which launched a hostile takeover bid. Earlier this month, The Wall Street Journal reported that the department was investigating whether Netflix was involved in anticompetitive practices during the process.

Slater's ousting also comes weeks ahead of the DOJ's antitrust trial against Ticketmaster owner Live Nation. The department's lawsuit was filed during the Biden administration. It claims that Live Nation is operating as a monopoly, harming competition, fans, industry promoters and artists.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/antitrust-head-overseeing-netflix-warner-merger-resigns-192854114.html?src=rss