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Yahoo
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- Yahoo
Perplexity AI offers $34.5bn to acquire Google Chrome
AI-powered search engine Perplexity AI has made an unsolicited offer of $34.5bn to acquire Alphabet's Chrome browser. Perplexity's CEO, Aravind Srinivas, is known for aggressive acquisition strategies, as evidenced by the company's previous offer for TikTok US. Tech industry's giants such as OpenAI and Yahoo, alongside Apollo Global Management, are also showing interest in Chrome. Alphabet is yet to respond to the bid, and Chrome is not currently up for sale. The technology conglomerate plans to appeal a US court ruling that found it held an unlawful monopoly in online search. The Justice Department's case against Google includes a potential Chrome divestiture as a remedy, which could influence the outcome of Perplexity's offer. Despite not disclosing its funding plan, Perplexity has raised approximately $1bn from investors including Nvidia and SoftBank. The company claims that multiple funds are ready to finance the deal in full. Perplexity's proposal, which notably lacks an equity component, aims to maintain user choice and address future competition concerns. However; analysts are sceptical about Google's willingness to part with Chrome, considering its strategic importance to the company's AI initiatives, according to Reuters. The legal landscape also presents challenges, with a federal ruling on the Google search antitrust case expected soon. Perplexity, with its own AI browser Comet, aims to harness Chrome's more than three billion users to strengthen its position against larger competitors. The company has committed to keeping Chrome's underlying code, Chromium, open source and plans to invest $3bn over two years while maintaining Chrome's default search engine, as per a term sheet seen by Reuters. In July 2025, Perplexity AI obtained new funding, bringing its valuation to $18bn. The company secured $100m in fresh capital as an extension of a previous round. "Perplexity AI offers $34.5bn to acquire Google Chrome" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Elbit Systems discloses $1.6bn European order, reports higher Q2 results; stock up
-- Elbit Systems (NASDAQ:ESLT) shares popped around 6% in premarket trading Wednesday after the military technology company reported higher second-quarter revenue and profit on Wednesday, alongside securing a major new defense contract. Elbit announced it has been awarded a $1.635 billion contract to supply a range of defense solutions to an undisclosed European country, with implementation over five years. The company's second-quarter revenue rose 21% year-on-year to $1.9 billion. On a non-GAAP basis, net profit climbed 63% to $151 million, or $3.23 per share, while earnings per share were $2.69 compared with $1.76 a year earlier. The company's order backlog reached $23.8 billion at the end of the quarter, up $700 million from the prior period. About 68% of the backlog comes from customers outside Israel, and roughly 46% is scheduled for delivery in the remainder of 2025 and 2026. Related articles Elbit Systems discloses $1.6bn European order, reports higher Q2 results; stock up Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse If Powell goes, does Fed trust go with him? Sign in to access your portfolio
CBS News
5 minutes ago
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Pennsylvania Public Utility Commission holding public hearings about Pittsburgh Water rate increase proposals
Two public hearings are being held today where people can weigh in about proposed rate increases for Pittsburgh Water. Pittsburgh Water submitted a rate increase request with the state Public Utility Commission in early June, aiming to increase revenues by more than $84 million over two years. Under the proposed rate increases, if you currently pay around $100 per month, your bill would increase to over $123 in 2026 and over $135 in 2027. Customers with bill discounts would see around an 11% increase in 2026 and around a 10% increase in 2027. The increases would be about 23.5% and 16% for commercial customers. Pittsburgh Water says the rate increase requests are for water, wastewater, and stormwater system improvements and that they allow it to build on things it's already accomplishing. Pittsburgh Water has already removed 13,000 lead service lines and says it's on track to have all lead lines in its system replaced by 2027. The Public Utility Commission says it will review the rate increase proposal and make a final decision. For more information about how to register and join the public hearings, click here.
