Acquisition

Perplexity, an AI startup, has announced its interest in acquiring TikTok, offering a vision to integrate its AI-powered search capabilities and make TikTok’s algorithm open-source. The announcement comes as TikTok …

Google announced the acquisition of cloud security platform Wiz for $32 billion, aiming to enhance cybersecurity as AI becomes integral to technology infrastructure. The deal, Google’s largest ever, is a …

Niantic, the creator of Pokémon Go, is in talks to sell its video game business to Scopely, a mobile gaming company owned by Saudi Arabia’s Public Investment Fund. The deal, …

Elon Musk has dismissed speculation that he is interested in acquiring TikTok, denying reports that Chinese officials had considered selling the app to him. Musk explained that he has no …

Telenor Pakistan, with around 45 million subscribers and reported revenue of Rs112 billion in the last twelve months leading to September 2023, stands as a significant player in the mobile …

BankIslami Pakistan ISLAMABAD: JS Bank accomplished the collection of applications for 483 million shares of BankIslami Pakistan Limited. It surpassed the initial offer size of 276 million shares. This achievement …

Sale of Bank Islami and mistreatment of minority shareholders KARACHI/ISLAMABAD: JS Group, a prominent Pakistani conglomerate, has come under fire for alleged discriminatory behavior towards minority shareholders of BankIslami Pakistan …

JS Bank acquiring Bank Islami with management control ISLAMABAD: JS Bank has decided to acquire Bank Islami Limited Pakistan (BIPL) with management control. JS Bank Limited is planning to make …