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AI robotics company XTEND and Nasdaq-listed JFB Construction Holdings expect to complete an all-stock business combination, renaming the combined entity XTEND AI Robotics, Inc. and listing on the NYSE. The transaction provides XTEND with a public listing to scale autonomous defense and security robotics systems.
CapVest Partners-backed Curium secured $5.375 billion in debt financing along with a $2.346 billion equity commitment to back its acquisition of radiopharmaceutical company Lantheus Holdings. The deal provides financing to execute the multi-billion-dollar medical and healthcare acquisition.
Victory Capital Holdings announced an agreement to acquire First Eagle Investments in an approximately $7 billion deal. The merger is designed to create one of the largest publicly traded investment management platforms.
Uber is cutting nearly 100 jobs in Washington state as part of broader workforce reductions. CEO Dara Khosrowshahi noted in a company email that the cuts were necessary after expanding too quickly.
Microsoft is restructuring senior executive leadership across major business units to align with rapid artificial intelligence adoption. The company cited the tectonic shifts driven by AI as the core driver for the executive management changes.
Microsoft subsidiary LinkedIn is facing a formal regulatory complaint and potential legal action under the EU General Data Protection Regulation. The action concerns how user data was leveraged for generative AI training without sufficient prior consent.
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