Latest news with #acquisition
CNN
34 minutes ago
- Business
- CNN
E.l.f. Beauty will raise prices by $1. Hear the company's CEO explain why
E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the company is increasing prices by $1 across its entire portfolio on August 1. On Wednesday, the cosmetic company announced it bought Hailey Bieber's beauty brand, rhode, for $1 billion. Amid President Donald Trump's chaotic trade war with China, e.l.f. hopes the acquisition is an opportunity to diversify its supply chain. Right now, about 75% of e.l.f. products are made in China, while rhode has suppliers in Europe, the U.S. and other parts of Asia.
Bloomberg
44 minutes ago
- Business
- Bloomberg
Ascension Health Nears $3.9 Billion Deal for Amsurg Outpatient Centers
Amsurg, the ambulatory surgery company once part of Envision Healthcare, is in advanced talks to sell itself to Ascension Health for about $3.9 billion, according to people with knowledge of the matter. A deal with Ascension could be struck within weeks, said the people, who asked not to be identified discussing confidential information.
TechCrunch
44 minutes ago
- Business
- TechCrunch
Startups Weekly: AMD acquisition and other moves to scale AI startups
Welcome to Startups Weekly — your weekly recap of everything you can't miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week brought more than just Nvidia's earnings reports; startups and VCs also had some news — quieter perhaps, but still worth paying attention to, especially where AI is involved. Most interesting startup stories from the week Image Credits:Cheng Xin / Contributor / Getty Images AI once again drove a large share of overall startup activity, including one acquisition, but this week also brought us a reminder that full M&A execution takes time — and that VC funding is not the only route. Good optics: AMD acquired Enosemi, a startup designing custom materials to support silicon photonics product development, under undisclosed terms. The goal of the acquisition is to 'accelerate [AMD's] co-packaged optics innovation for AI systems.' Onboarded: AI startup Anthropic added Netflix co-founder Reed Hastings to its board of directors. Hastings was appointed by Anthropic's independent Long-Term Benefit Trust and already has experience sitting on the boards of Netflix, Bloomberg, Meta, and Microsoft. It takes time: Family safety app Life360 finally incorporates the AirTag-like lost item tracking functionalities of Tile, three and a half years after Life360 acquired Tile for $205 million. One month and 25 days: High-profile entrepreneur and angel investor Sahil Lavingia revealed details of his stint on Elon Musk's DOGE workforce, saying he was booted after only 55 days. But it's not just him: Musk's stint is also coming to an end. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Bootstrapped: Ten-year-old cybersecurity company Thinkst Canary reached $20 million in annual recurring revenue without VC investment — an interesting story that seemed worth mentioning before diving into funding news. Most interesting VC and funding news this week . Image Credits:Neuralink Funding news this week comes from a mix of announcements and rumors — unconfirmed but well-sourced. Let's start with these before moving on to the more concrete updates. Musk again: Neuralink, Elon Musk's brain implant startup, reportedly raised $600 million at a $9 billion pre-money valuation. Long arm: Samsung is said to be looking to invest in a $100 million round for medical device startup Exo through its venture investment arm. New horizon: Filings revealed that cybersecurity startup is seeking to raise $100 million, out of which it has already secured at least $73 million. New bricks: Buildots, a Chicago-based startup leveraging AI and computer vision to improve construction progress tracking, raised a $45 million Series D, bringing its total raised to $166 million. Adding up: Rillet, a startup using machine learning and generative AI to automate accounting reports, raised a $25 million Series A led by Sequoia Capital, only 10 months after a $13.5 million seed and pre-seed round. Convenience: Snabbit, a 15-month-old Indian startup operating in the increasingly hot home services space, secured $19 million in a Series B round led by Lightspeed at a post-money valuation of $80 million. World models: SpAItial, the new company of Synthesia co-founder Matthias Niessner, raised a $13 million seed round led by Earlybird to develop a foundation model capable of generating interactive 3D online environments. It would share similarities with the AI model released by competitor Odyssey this week. Advanced grid: Gridcare, an AI-powered energy optimization startup, emerged out of stealth with an oversubscribed $13.5 million seed round and said it's ready to play matchmaker between data centers and utilities. Diversifying: State-owned Saudi AI company Humain is making progress to launch Humain Ventures, a $10 billion venture fund that will invest in startups in the U.S., Europe, and Asia. Kiwi startups: Auckland-based venture firm and incubator Outset Ventures closed a second fund of approximately $25 million to invest in deep tech startups emerging out of New Zealand. Last but not least Nuclear fusion startups have been attracting investors, but their endeavors are still experimental. Fission, on the other hand, already has the potential to power data centers, which explains why Big Tech companies have been investing in nuclear fission startups.
BBC News
2 hours ago
- Business
- BBC News
World Business Report Rhode's beauty blockbuster deal
e.l.f. Beauty acquires Hailey Bieber's Rhode in a massive $1bn deal. e.l.f. CEO Tarang Amin joins David Harper to discuss the landmark acquisition and their hopes for the brand's future. Elsewhere, despite Western sanctions, BBC analysis shows that Russia continues to receive billions of dollars from oil exports. New research suggests that live-streaming piracy could be costing European sports rights holders $28bn. And in Nigeria, the government is cracking down on the spraying of money at parties, which they say is devaluing the currency.
Bloomberg
3 hours ago
- Business
- Bloomberg
Saylor's Contrarian Bet Morphs Into Full-Blown Crypto Gold Rush
TLGY Acquisition Corp. put a pitch in front of investors in April entitled 'MicroStrategy 2.0,' a reference to the Bitcoin-accumulation company run by Michael Saylor. Only TLGY wasn't planning to buy Bitcoin. Instead, the special purpose acquisition company planned to acquire ENA tokens issued by Ethena, the crypto project behind the industry's fourth-largest digital dollar, according to an investor memo reviewed by Bloomberg News. TLGY initially signed a letter of intent with the Ethena Foundation to explore a potential partnership on April 10.
