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Oracle to invest over $8bn in Japan in cloud computing and AI.
Walmart-backed Ibotta targets up to $2.7bn valuation in US IPO.
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Concord , a music rights company, agreed to acquire Hipgnosis Songs Fund, a British music IP investment and song management company, for $1.4bn.
"We are pleased to be announcing this Offer for Hipgnosis, which has been unanimously recommended by its Board and has the support of 29.38% of their shareholders. We believe we are offering a fair price for Hipgnosis' catalogues and music assets, giving its shareholders the opportunity to realise their investment at a significant premium to the prevailing share price in cash," Bob Valentine, Concord Chorus CEO.
Concord is advised by Shot Tower Capital (led by David Dunn and Robert Law ), Singer Capital Markets (led by James Moat ), Carey Olsen , Shoosmiths and Headland (led by Susanna Voyle ). Hipgnosis Songs Fund is advised by J.P. 摩根 (led by Rupert Budge and Jonty Edwards ), DLA Piper , Mourant , Reed Smith LLP and H/Advisors Maitland (led by Neil Bennett ). Debt financing is provided by Apollo Global Management, Inc. . Apollo Global Management is advised by Latham & Watkins .
MIDEA Group , an electrical appliance manufacturer, agreed to acquire the Climate Division of Arbonia Gruppe , a company focused building components supplier, for €760m ($809m).
"The doors business will strategically be further developed both organically and through acquisitions, with the objective of making Arbonia a European market leader for doors made of wood and glass," Arbonia.
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Midea Group is advised by 高盛 , 富而德律师事务所 and Lenz & Staehelin (led by Tino Gaberthüel ). Arbonia is advised by Jefferies , 瑞银集团 and 贝克?麦坚时 .
Bruker , a global life science analytical instrument company, agreed to acquire NanoString Technologies, Inc. , a provider of life science tools for discovery and translational research, for $393m.?
“NanoString’s market-leading platforms for spatial biology and gene expression are enabling researchers to gain unprecedented insights into cancer, immunology, neurology, and other critical disease areas. As a global leader in the life science analytical instrument industry, Bruker is uniquely positioned to ensure ongoing customer access to NanoString’s innovations,” Brad Gray, NanoString President and CEO.
NanoString is advised by Willkie Farr & Gallagher LLP (led by Rachel Strickland , Thomas Mark, Debra Sinclair and Tyler Born ), AlixPartners , and Perella Weinberg . Bruker is advised by Morgan, Lewis & Bockius LLP ?(led by Robert Dickey and Jennifer Feldsher ) and 高盛 .?
Oracle to invest over $8bn in Japan in cloud computing and AI.
甲骨文 said on April 17 that it will invest more than $8bn over the next 10 years to meet demand for cloud computing and AI infrastructure in Japan, Reuters reported.
The latest investment will grow the footprint of Oracle Cloud Infrastructure, the company's cloud computing service, across Japan. Oracle will also expand its operations and support engineering teams with Japan-based personnel.
Walmart-backed Ibotta targets up to $2.7bn valuation in US IPO.
沃尔玛 -backed digital marketing company Ibotta will likely raise $577m at a valuation of $2.7bn, after pricing its initial public offering on April 17, Reuters reported.
It plans to sell 6.6m shares of its class A common stock at $88 apiece, exceeding its earlier price range of $76-$84 apiece. Increased buzz around artificial intelligence and hopes of a rebound in the US IPO market from a two-year slump, buoyed by a possible soft landing for the economy have, encouraged more tech companies to test the IPO waters.
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