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Realme Reportedly Set to Rejoin Oppo Group Years After Operating Independently

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Realme is reportedly set to return under Oppo’s corporate umbrella nearly seven years after spinning off as an independent smartphone brand. According to the report, the move is aimed at improving operational efficiency by sharing resources and cutting down on overlapping costs across multiple business functions. Once the integration is complete, Realme is expected to function again as a sub-brand of Oppo, alongside OnePlus.

The report suggests that Realme’s founder and CEO, Sky Li, will take on a broader leadership role overseeing Oppo’s sub-brand operations. While the strategic rationale behind the move has been outlined, details regarding the financial structure of the integration or any formal merger agreement have not been disclosed so far.

As per a report by Lei Feng Network, citing sources within Oppo, the decision is designed to strengthen collaboration between Oppo, Realme, and OnePlus. Going forward, the three brands are expected to align more closely on strategy while maintaining distinct product identities. This coordinated approach is said to help Oppo better position its offerings across different price segments and user groups.

One of the immediate changes expected from this integration is the consolidation of Realme’s after-sales services with Oppo’s existing support network. Despite this operational overlap, Realme is likely to continue selling smartphones under its own brand name. The company has a strong footprint in markets such as India, Southeast Asia, and Europe, where it has built a reputation for delivering competitively priced smartphones, especially in the budget and mid-range categories.

Core Scientific urges shareholders to approve $9 billion CoreWeave merger

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Core Scientific’s board has called on shareholders to vote in favor of its proposed $9 billion all-stock sale to CoreWeave, saying the merger would deliver long-term growth and risk reduction benefits for the crypto miner.

In an investor presentation released Wednesday, the board said it had “unanimously determined” that the deal represented the best outcome for all shareholders. The merger, announced in July, values Core Scientific at $20.40 per share and would combine its energy-intensive mining infrastructure with CoreWeave’s AI-focused data center network.

The deal promises significant cost savings, operational synergies, and improved access to capital, according to the company. CoreWeave, a fast-growing cloud provider powered by Nvidia AI chips, would integrate Core Scientific’s facilities to support large-scale AI model training — an increasingly valuable use case as demand for compute power surges.

However, the proposal faces pushback from Two Seas Capital, Core Scientific’s largest shareholder with a 6.3% stake, which said it plans to vote against the deal, arguing it “materially undervalues” the company and poses “substantial economic risk” to investors.

Core Scientific said the transaction would help it diversify beyond cryptocurrency mining and strengthen its position in the fast-growing AI infrastructure market.

French and Swiss Business Software Firms Merge to Form $1.1 Billion Unicorn

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French business software provider LumApps and Swiss counterpart Beekeeper announced a merger on Wednesday that will create a new unicorn valued at approximately $1.1 billion. The deal, expected to close this month, is supported by British private equity firm Bridgepoint, which was a major shareholder in LumApps and will hold a majority stake in the combined company.

The new firm will be headquartered in Lyon, France — home to LumApps — and led by LumApps CEO Sebastien Ricard. Together, the company will employ around 600 people worldwide.

Beekeeper CEO Cristian Grossmann said that an IPO or trade sale could be considered midterm options, with the U.S. and Europe as potential venues given the company’s core markets.

LumApps develops software primarily used to manage corporate intranets and aims to enhance or replace products like Microsoft’s SharePoint. Their client base includes prominent companies such as Airbus and luxury goods giant LVMH.

Meanwhile, Beekeeper offers an app designed to connect frontline workers with the wider company, serving clients like Swiss retailer Coop and Heathrow Airport. Founded by ETH Zurich graduates, Beekeeper plans to break even this year.

Within six months, the merged company intends to launch a unified platform. Current annual revenue is around $150 million and is projected to double to $300 million by 2030. LumApps is already profitable, and the combined business is expected to be profitable from day one, according to LumApps CTO Elie Melois.