Just prior to the start of the weekend, Elon Musk announced that his artificial intelligence company xAI is acquiring his social media platform X (formerly Twitter) “in an all-stock transaction,” valuing xAI at $80 billion and X at $33 billion ($45 billion less $12 billion in debt). The merger has the potential to create a powerful GenAI-powered content platform. The billionaire purchased Twitter in late 2022 for $44 billion, following months of legal skirmishes. According to Musk, X currently touts more than 600 million active users, while “xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.” Continue reading Elon Musk Announces xAI Corporation Will Purchase X Social

Tech firm Infinite Reality — which specializes in AI-powered 3D immersive experiences — has agreed to pay $207 million for Napster, the 26-year-old music streaming service. The sellers are crypto investment firm Hivemind Capital Partners and blockchain firm Algorand, that acquired the platform in 2022. Infinite Reality is privately held, listing among its investors Liberty Media, Live Nation, MGM, T-Mobile and Barry Diller’s IAC. The company plans to steer Napster to superfan experiences, making it “more immersive, more social, and more shoppable.” Napster CEO Jon Vlassopulos, former global music chief at Roblox, will continue in his current post. Continue reading Infinite Reality Agrees to Acquire Napster in $207 Million Deal

Japanese tech investment firm Softbank has agreed to acquire Silicon Valley chip startup Ampere for $6.5 billion, indicating that technology originating in smartphones will eventually become integral to global data centers and the future of artificial intelligence. The eight-year-old Ampere sells chips based on Arm technology, the processor type used in virtually all mobile phones. SoftBank purchased Arm in 2016 and has since been working to ensure the technology becomes used more broadly. Softbank says it will allow Ampere to retain its own name, operating it as a wholly-owned subsidiary. Continue reading Softbank Agrees to Acquire Chipmaker Ampere for $6.5 Billion

Google has acquired Wiz, a multi-cloud security firm that will remain cloud-agnostic under its new ownership. In fact, the ability to expand its customer base to companies that use competing cloud services like AWS or Azure was a key incentive for Google to buy the five-year-old startup, whose mandate is “to help every organization secure everything they build and run in the cloud — any cloud.” Google agreed to pay $32 billion for the New York-based firm, which had annual revenue of $700 million last year and was on track to increase that to $1 billion in 2025. Wiz, which had been considering an IPO, was most recently valued at $12 billion. Continue reading Google Agrees to Buy Cybersecurity Startup Wiz for $32 Billion

Elon Musk’s xAI has acquired generative video startup Hotshot to bring motion imaging to Grok 3. Released in February, Grok 3 adds Deep Search and Thinking and improved on its predecessor’s still imaging capabilities, but lacks generative video, a much-requested feature — one that could make Grok a freestanding competitor to OpenAI’s individual offerings: ChatGPT for text, Sora for video, and DALL-E for images. “Cool AI video coming soon!” was Musk’s comment to Hotshot’s acquisition announcement on the networking platform. Hotshot can generate clips of up to 10-seconds at 1280×720 pixels. Continue reading With Hotshot Purchase, xAI to Bring Generative Video to Grok

Digg, a link-based aggregator website that was an Internet staple circa 2012 then faded, has been acquired by founder Kevin Rose in partnership with Alexis Ohanian, who co-founded Reddit. The site gained popularity by tapping crowdsourced voting, allowing users to vote content up or down. Thanks to AI, the duo feel the timing is right for Digg to make a comeback. “We’ve hit an inflection point where AI can become a helpful co-pilot to users and moderators, not replacing human conversation, but rather augmenting it, allowing users to dig deeper, while removing repetitive burdens,” Rose says. Continue reading Crowdsourced Social Site Digg to Relaunch after AI Makeover

Google is serious about making Android the operating system of choice for smart glasses and XR eyewear. In an IP play, the Alphabet company is purchasing aspects of HTC Vive for $250 million in cash. Since debuting in 2016, Vive has earned the respect of competitors and an enthusiastic consumer fan base. While it hasn’t grabbed headlines with the same velocity as major players such as the Meta Quest or Apple Vision Pro, HTC is still pushing its Vive line of virtual and mixed reality headsets, accessories and games, and may be destined for a second act. Google gains HTC’s XR expertise at a propitious time. Continue reading Google Makes $250M Deal to ‘Accelerate’ XR Using HTC Vive

In a deal said to be reshaping the global advertising industry, Omnicom has reached a definitive agreement to acquire a major rival, the Interpublic Group (IPG), in a stock-for-stock transaction. If the deal receives regulatory approval, the New York-based ad giants will combine to form an agency that will be the largest in the world, bringing together ad legends TBWA Worldwide and McCann Worldgroup for what CNBC estimates will be more than $26 billion in annual revenue. The merger joins “world-class, highly complementary data and technology platforms” at a propitious time, thanks to seismic, AI-driven advances in marketing and adtech. Continue reading Omnicom Will Acquire Interpublic in Major Ad Industry Merger

Walmart has closed its $2.3 billion all-cash acquisition of smart television maker Vizio. The deal increases the retail giant’s media clout, signaling an expansion of its video-based advertising efforts and interest in content-based marketing. “The acquisition of Vizio and its SmartCast operating system allows Walmart to serve its customers in new ways to enhance their shopping journeys,” Walmart said in concluding the deal, initiated in February. Walmart’s media efforts to date have focused around Walmart Connect, which works with brands to position ads across Walmart.com and in the company’s U.S. stores. Continue reading Walmart Closes $2.3 Billion Acquisition of Vizio, SmartCast OS

DirecTV has abandoned its proposed merger with Dish Network after EchoStar bondholders with $10.7 billion of debt in Dish and its DBS subsidiary rejected an exchange provision, dooming a deal that would have created the largest pay-TV service in the U.S. EchoStar announced it respects the decision and will continue to operate its own pay-TV brands. While DirecTV still believes the merger “would have benefitted all stakeholders,” it deemed the exchange necessary to protect its balance sheet operational flexibility, DirecTV CEO Bill Morrow explained. Continue reading DirecTV Terminates Deal to Merge with Rival EchoStar’s Dish

Manufacturers that make Arm chips license tech from British developer Arm Holdings, with the option of licensing Arm’s instruction set to build proprietary CPU designs or licensing one of Arm’s Cortex CPU designs. Amid a legal dispute that started two years ago over Qualcomm’s $1.4 billion acquisition of silicon design firm Nuvia, Arm has given its longtime partner Qualcomm a 60-day notice of its license cancellation. If the two companies do not come to an agreement in that time, Qualcomm will have to cease manufacturing Arm chips, which could have a significant impact on the global supply chain, Qualcomm’s revenue, and smartphone makers that use Qualcomm chips. Continue reading Arm Cancels Qualcomm Architecture License in Legal Dispute

DirecTV has entered into a definitive agreement to acquire the Dish Network from EchoStar, realizing a long-time goal. The deal sees DirecTV paying Dish Network $1 for video distribution assets including Dish and Sling TV, and taking on $9.75 billion of Dish’s $20 billion in debt. The agreement does not include EchoStar’s wireless spectrum investments. Concurrently, AT&T has agreed to sell its 70 percent DirecTV stake to private equity firm TPG, which holds the other 30 percent. That deal is valued at $7.6 billion and is not contingent on the Dish acquisition, which is expected to close in Q4 2025. Combined, DirecTV and Dish will serve more than 18 million customers. Continue reading EchoStar Agrees to Sell Dish Network, Sling to Rival DirecTV

Verizon has entered into a definitive agreement to acquire competing fiber Internet service provider Frontier Communications in a transaction valued at $20 billion, including $9.6 billion in cash. The deal is expected to close in about 18 months, pending Frontier shareholder and regulatory approval. Verizon says the deal will increase its fiber subscribers by 2.2 million customers and extend its network reach to 25 million households across 31 states and Washington, D.C. It is also expected to expand Verizon’s intelligent edge network for digital innovations like artificial intelligence and the Internet of Things. Continue reading Verizon Plans Frontier Acquisition in Deal Valued at $20 Billion

California-based semiconductor manufacturer AMD is looking to take on Nvidia for a bigger share of business from the artificial intelligence boom. AMD plans to purchase data center equipment maker ZT Systems in a cash and stock deal that values the company at $4.9 billion. The deal, which is subject to regulatory approval, is part of AMD’s goal of offering a wider selection of chips, software and system designs to big data enterprise clients such as Microsoft, Google, Meta Platforms and Apple. Privately held ZT Systems, based in New Jersey, makes gear and server solutions for cloud computing and related infrastructure. Continue reading AMD Buying ZT Systems to Expand Data Center Capabilities

Ziff Davis, a digitally focused publisher built around technology news and information, is adding CNET to a portfolio that already includes Mashable, PCMag and Lifehacker. Media company Red Ventures is said to be getting more than $100 million for CNET, known as an early pioneer among online media outlets. Ziff Davis CEO Vivek Shah, who in 2010 led a buyout of the 100-year-old publishing house he now heads, said the acquisition is part of an expansion plan funded by the company’s $800 million cash on hand at a time when artificial intelligence is boosting the long-term value of content. Continue reading Publisher Ziff Davis Plans to Purchase CNET Tech News Hub