Tag

Dealmaking

All articles tagged with #dealmaking

business5 months ago

Perplexity Launches $34.5 Billion Bid to Acquire Google Chrome

Perplexity, an AI company with a valuation of $18bn, has made an unsolicited $35bn cash bid for Google Chrome, a move that is unusual since Chrome is not for sale and Google is facing legal challenges that could lead to its divestiture. This reflects the broader trend of inflated valuations and unconventional deal structures in the AI sector, driven by uncertainty over AI's true worth and speculative market dynamics. The AI dealmaking frenzy continues amidst high valuations and complex transactions, but a market correction may be inevitable.

business1 year ago

Spotify Ends Car Thing, Offers Final Refund Opportunity

Goldman Sachs CEO David Solomon predicts a strong year for dealmaking in 2025, potentially surpassing 10-year averages, driven by optimism around a pro-growth agenda under President-elect Donald Trump. The business community is hopeful for a more favorable regulatory environment, especially with Trump's appointments like David Sacks and Paul Atkins, who are expected to support innovation and cryptocurrency. However, Goldman Sachs remains limited in cryptocurrency trading due to regulatory constraints.