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1 day ago | 
theinformation.com | Valida Pau
Source: The Wall Street JournalCoreWeave is in fresh talks to buy Core Scientific, the Wall Street Journal reported, after the AI cloud provider unsuccessfully bid for the data infrastructure company a year ago. Core Scientific had a market value of around $3.7 billion as of Wednesday close, after the stock had been down 12% this year. Shares of Core Scientific have surged more than 20% after the report. Last year, CoreWeave offered to buy Core Scientific for $5.75 a share, or about $1 billion.
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2 days ago | 
theinformation.com | Valida Pau
Source: The InformationData management software firm Rubrik is acquiring Predibase, a startup that helps companies train and fine-tune their artificial intelligence models. Predibase, which was founded in 2021 by former Google and Uber employees, had raised over $28 million from Felicis and Greylock. The terms of the transaction weren’t disclosed, but CNBC reports Rubrik will pay between $100 million and $500 million.
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3 days ago | 
theinformation.com | Valida Pau
The market for initial public offerings has thawed a bit so far this year. But don’t forget about deals going the other way—software companies going private again, relatively soon after their IPOs. Bankers say they are talking to software companies that have struggled since their IPOs about going private again. Some of these boomerang stocks will be leaving the market for the second time.
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3 days ago | 
theinformation.com | Valida Pau
Source: The InformationCybersecurity company Snyk announced today that it has acquired Swiss AI security research startup Invariant Labs for an undisclosed price. Invariant Labs, founded in 2024, develops tools to build secure and reliable AI agents. It was founded by ETH Zurich researcher Marc Fisher and hasn’t disclosed any outside funding.
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3 days ago | 
theinformation.com | Valida Pau
For junior investment bankers working 100-hour weeks, artificial intelligence can take care of the grunt work—up to a point. Interviews with half a dozen junior bankers suggest many Wall Street banks have leaned into using AI to help streamline their most menial tasks, including basic research such as asking a chatbot for public financials or an executive’s bio, trimming five or so hours of work per week.
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1 week ago | 
theinformation.com | Valida Pau
Source: BloombergGoldman Sachs is again open to underwriting new deals for special-purpose acquisition companies, Bloomberg reported, after pulling back from SPAC work three years ago amid regulatory scrutiny of blank-check deals. The SPAC dealmaking boom that peaked in 2021 was a gold rush for Wall Street firms, since banks often advised the blank-check companies on their own public listings and acquisitions they made after that.
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2 weeks ago | 
theinformation.com | Valida Pau
Source: The InformationBlackRock set an ambitious $400 billion fundraising target for its private investment business, part of its plans to double its market capitalization to $280 billion by 2030. The world’s biggest asset manager aspires to generate at least $35 billion a year in revenue by 2030, compared with $20 billion in 2024, according to a presentation posted on its website Thursday ahead of its investor day.
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2 weeks ago | 
theinformation.com | Valida Pau
Source: The InformationShares in Voyager Technologies jumped by 82% in their trading debut, after the defense and space firm raised $383 million in an upsized initial public offering . The Denver-based firm’s stock surged as much as 139% and closed at $56.48 on Wednesday. The company sold more than 12.3 million shares at $31 each, pricing above their marketed range of $26 to $29. Voyager is the second space company to go public this year, and investor demand has been strong for the shares.
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3 weeks ago | 
theinformation.com | Valida Pau
Source: The InformationThoma Bravo raised $24.3 billion for its main buyout fund and a total of $34.4 billion across three funds, marking its biggest fundraising year ever. The software-focused buyout firm raised $8.1 billion for its midsize software companies-focused Discover Fund and $2 billion, or 1.8 billion euros, for a new European fund. It has been on an active spending spree, striking a deal in April to buy part of Boeing’s Digital Aviation Solutions unit for more than $10 billion.
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3 weeks ago | 
theinformation.com | Valida Pau
Source: The InformationVoyager Technologies said on Monday it is aiming to raise up to $319 million in an initial public offering that could value the defense and space company as high as $1.6 billion. Denver-based Voyager is developing Starlab, a private space station in a joint venture with Airbus, Mitsubishi, MDA Space and Palantir. The project received a $217.5 million development grant from NASA and is meant to replace the International Space Station by the end of 2030.
