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French IT services company Atos said on Friday it has signed a binding agreement to sell its Latin American operations to Brazilian technology firm Semantix, as part of a broader restructuring effort following severe financial distress. The assets being sold employ around 2,800 people across Brazil, Argentina, Chile, Colombia, Peru and Uruguay. Atos did not […]
Britain’s Octopus Energy said on Monday it will spin off its technology arm, Kraken, as an independent company valued at $8.65 billion, following a funding round led by U.S. investment firm D1 Capital Partners. Under the deal, new and existing investors will purchase about $1 billion of equity in Kraken. Investors led by Octopus Capital […]
Meta said on Monday it will acquire Chinese-founded artificial intelligence startup Manus, stepping up efforts to integrate more advanced AI capabilities across its platforms. Financial terms were not disclosed, but a source with direct knowledge of the matter said the deal values the Singapore-based firm at between $2 billion and $3 billion. Manus did not […]