Update: Market Chatter: Google Lays Off Hundreds of 'Core' Employees
The chip software maker disclosed in a regulatory filing that China’s State Administration for Market Regulation took the position that Synopsys must have the tie-up cleared by regulators before it can go forward.
ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB's market reach and complement its regional customer offering within smart buildings, the company said. No price was given for the acquisition.
Johnson & Johnson to Buy Proteologix For $850 Million in Cash
The combined company will have roughly $5.5 billion in assets after the transaction, which is expected to close in the fourth quarter.
(Bloomberg) -- Crescent Energy Inc. agreed to buy SilverBow Resources Inc., a rival oil and gas producer that’s in a proxy fight with its largest shareholder, for $2.1 billion. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Market
(Bloomberg) -- Reddit Inc. forged a partnership with OpenAI that will bring its content to the chatbot ChatGPT and other products, while also helping the social media company add new artificial intelligence features to its forums. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’
The world's largest networking equipment maker had struggled with sluggish demand as customers adjusted piled up inventory from frenetic buying during the pandemic, as well as lingering supply-chain snags. Cisco on Wednesday forecast fourth-quarter revenue between $13.4 billion and $13.6 billion, compared with analysts' estimates of $13.23 billion, according to LSEG data. Product orders were flat in the third quarter, excluding the impact of the Splunk buyout, compared with a decline of 12% in the previous quarter.
SilverBow Resources has agreed to be acquired by its Houston-based rival Crescent Energy in a deal valued at $2.1 billion.
Cloud-based designer platform Figma is closing a deal to allow its employees and early investors to sell their stake to new and existing investors at a valuation of $12.5 billion, the company said on Thursday. Figma, whose free online tool is used to create, share and test designs for websites, mobile apps and other digital products, has been seeking ways for employees to cash out on their stock options and restricted stock units after its $20 billion cash-and-stock deal to be acquired by Adobe collapsed. Figma is widely considered as a candidate to go public after antitrust regulators in Europe and Britain in December blocked what would have been among the biggest acquisitions of a software startup.
The deal is anticipated to improve Corning’s position in branded residential products.