Tag: Billion
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Brookfield Investing $12 Billion in Indian Energy Initiatives
Brookfield, a New York-based investment firm, has agreed to invest $12 billion in green energy projects in Andhra Pradesh (AP), India, over the next three years, including a clean energy-powered 3-gigawatt (GW) data center. Brookfield’s investment, announced at the 2025 Confederation of Indian Industry (CII) Partnership Summit held in AP, is the biggest foreign investment…
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IBM Acquires Confluent for $11 Billion to Accelerate AI Through Data Streaming
IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…
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Magnum’s $9.1 Billion Ice Cream IPO: Investors Hesitant
Shares open in Amsterdam below reference price Spinoff creates world’s largest standalone ice cream business Magnum CEO says independent company will be more agile, focused Magnum faces anti-obesity push, troubles with Ben & Jerry’s LONDON, Dec 8 (Reuters) – The Magnum Ice Cream Company listed on Monday with a valuation of some 7.8 billion euros…
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IBM Acquires Confluent for $11 Billion to Enhance AI Capabilities
Published on 08/12/2025 – 15:13 GMT+1 •Updated 15:15 International Business Machines Corporation (IBM) is buying data-streaming platform Confluent in a bid to bolster its AI offerings. The deal, worth $11 billion (€9.44bn) in total, will see IBM pay $31 per share in cash, a premium of around 34% on Confluent’s Friday closing price. The transaction…
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Indonesia Seeks Over $3 Billion for Sumatra Flood Recovery Efforts
Indonesia says more than $3 billion in recovery funds required after Sumatra floods Reuters How a cocktail of rogue storms and climate chaos unleashed deadly flooding across Asia CNN Pope Leo XIV prays for victims of floods in Southeast Asia Vatican News Indonesia Halts Agincourt, PTPN III Operations After Floods livemint.com Death toll from devastating Indonesia floods passes 900 BBC…
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IBM Considers $11 Billion Acquisition of Confluent to Strengthen Cloud and AI Portfolio
IBM is close to finalising a roughly $11 billion acquisition of data-infrastructure firm Confluent, according to a Wall Street Journal report, in what would be the tech giant’s biggest bet yet to strengthen its cloud software and AI ambitions. The deal, which could be announced on December 8, the report noted, would give IBM control…
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Transforming Tech: India’s $400 Billion Bet on Innovation
For decades, India’s IT industry built an empire on a simple promise: deliver more for less. Armed with armies of engineers and the billable hour as their weapon of choice, companies like TCS, Infosys, Cognizant, HCL, and Wipro became the back office of the world. However, 2025 marks an inflection point that few saw coming,…
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Mark Zuckerberg Acknowledges Failure of His Major Investment After $70 Billion Loss
Meta CEO Mark Zuckerberg seems to have finally realised that one of the company’s biggest bets—Metaverse—is not working (or not working as expected). It is also the technology that the company changed its very name after. In 2021, after 17 years of being called Facebook, the social networking parent company behind Facebook, Instagram, WhatsApp and…
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Netflix Agrees to $72 Billion Acquisition of Warner Bros Discovery Studios and Streaming Division
In a seismic shift for the global entertainment industry, Netflix has agreed to acquire Warner Bros Discovery’s TV and film studios along with its streaming assets in a landmark $72 billion deal. Announced on December 5, 2025, the acquisition will hand the world’s largest streaming platform control over iconic franchises such as Harry Potter, Game…
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GIFT City: Transforming into a Global Finance Hub with $100 Billion in Assets
HSBC, with EY India, has launched the compendium on the GIFT City, which is rapidly evolving into one of India’s most vibrant financial and business hubs. The compendium serves as an essential resource for both global and domestic firms, offering a comprehensive overview of the financial services ecosystem at GIFT City, IFSC. It also highlights…