M&A

[Brief] Core Scientific Acquires Polaris in 421 Million Dollar AI Data Center Deal According to The Block, Core Scientific announced the acquisition of Bitcoin miner Polaris for $421 million to expand its AI data center campus in Oklahoma. Polaris’s 40-acre site is energized and operating with 40 megawatts of contracted power through Oklahoma Gas and Electric. This reflects the ongoing trend of mining companies pivoting toward AI infrastructure. Source: The Block ...

GameStop has submitted a $56 billion acquisition offer for eBay, aiming to create an e-commerce platform capable of competing with Amazon, but markets widely question the feasibility of its financing plan.

Meme stock pioneer GameStop has announced a $56 billion all-stock bid to acquire eBay, aiming to build a next-generation e-commerce giant to compete directly with Amazon. The move marks a major strategic pivot for the retailer.

GameStop has made an unsolicited $56 billion acquisition offer to e-commerce platform eBay, with CEO Ryan Cohen revealing a roughly 5% stake in the company.

Meta announces the acquisition of humanoid robotics startup Assured Robot Intelligence, bolstering its AI capabilities for robotics applications and marking a major push into the embodied intelligence sector.

Finnish elevator giant Kone announced a $34.4 billion acquisition of German rival TK Elevator, marking one of Europe’s largest takeovers in recent years and creating the world’s largest elevator manufacturer.

UK energy giant Shell has agreed to acquire Canadian energy company ARC Resources for $13.6 billion in cash and shares, gaining Montney shale basin assets that will add 370,000 barrels per day, with an enterprise value of $16.4 billion.

India’s largest pharmaceutical company Sun Pharmaceutical announced the acquisition of US drugmaker Organon for $11.75 billion, one of the largest overseas acquisitions in Indian pharma history.