Akash Sriram / Reuters:
Squarespace says private equity firm Permira plans to take the company private in a $6.9B all-cash deal, or $44 per share, a 15.2% premium on Friday’s close — Private equity firm Permira will take Squarespace (SQSP.N) private in an all-cash deal valued at about $6.9 billion …
Sources: Intel is in advanced, exclusive talks for a deal in which Apollo Global Management would supply $11B+ to help the chip giant build a plant in Ireland (Wall Street Journal)
Wall Street Journal:
Sources: Intel is in advanced, exclusive talks for a deal in which Apollo Global Management would supply $11B+ to help the chip giant build a plant in Ireland — The investment firm is in exclusive talks to supply the chip giant with cash for a new plant.
Christie’s confirms eight auctions will proceed this week after a “technology security issue” on May 9 knocked its website offline, the second breach in a year (Zachary Small/New York Times)
Zachary Small / New York Times:
Christie’s confirms eight auctions will proceed this week after a “technology security issue” on May 9 knocked its website offline, the second breach in a year — The auction house failed to regain control of its official website on Sunday but said that its spring auctions would go on, in person and by phone.
An Australian judge refuses the eSafety commissioner’s request to extend an order for X to hide a video of a religious leader’s stabbing, without giving reasons (Stuart Condie/Wall Street Journal)
Stuart Condie / Wall Street Journal:
An Australian judge refuses the eSafety commissioner’s request to extend an order for X to hide a video of a religious leader’s stabbing, without giving reasons — Elon Musk previously said he was worried that if any country is allowed to censor content for all countries, then any country could control the entire internet
The EU designates Booking as a DMA gatekeeper, saying “holidaymakers will start benefiting from more choice and hotels will have more business opportunities” (Bloomberg)
Bloomberg:
The EU designates Booking as a DMA gatekeeper, saying “holidaymakers will start benefiting from more choice and hotels will have more business opportunities” — – Travel site is designated as a ‘gatekeeper’ under EU’s DMA — X avoids rules for now as officials open probe into its status
The US and China are set to hold their first high-level AI talks on May 14 in Geneva, as the governments seek to prevent disastrous accidents and unintended war (Eva Dou/Washington Post)
Eva Dou / Washington Post:
The US and China are set to hold their first high-level AI talks on May 14 in Geneva, as the governments seek to prevent disastrous accidents and unintended war — The talks Tuesday are aimed at preventing disastrous accidents and unintended war amid an AI arms race.
How GPS warfare is affecting civilian populations; an analysis finds ~40M people lived in areas with unreliable GPS for at least half of the past six months (Financial Times)
Financial Times:
How GPS warfare is affecting civilian populations; an analysis finds ~40M people lived in areas with unreliable GPS for at least half of the past six months — Military activity blamed for surge in jamming and spoofing incidents affecting smartphones, planes and ships
US farmers had to halt their planting operations after the solar storm broke critical GPS and precision farming functionality in tractors and other equipment (Jason Koebler/404 Media)
Jason Koebler / 404 Media:
US farmers had to halt their planting operations after the solar storm broke critical GPS and precision farming functionality in tractors and other equipment — The accuracy of some critical GPS navigation systems used in modern farming have been “extremely compromised,” a John Deere dealership told customers Saturday.
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value (Arjun Kharpal/CNBC)
Arjun Kharpal / CNBC:
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value — SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March …
The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments (Bloomberg)
Bloomberg:
The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments — US and allies vie with China for superconductor supremacy, powered by wave of domestic investment
