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Salesforce has acquired cloud data management firm Informatica in an $8 billion equity deal, marking a major move in its push to strengthen its AI and data infrastructure capabilities. The announcement, made Tuesday, comes about a year after early rumors of the acquisition sent both companies’ stock prices sliding. At the time, Informatica denied it…
Anysphere, maker of AI coding assistant Cursor, is growing so quickly that it’s not in the market to be sold, even to OpenAI, a source close to the company tells TechCrunch. It’s been a hot target. Cursor is one of the most popular AI-powered coding tools, and its revenue has been growing astronomically – doubling…
When news broke that OpenAI was in talks to acquire AI coding company Windsurf for $3 billion, one of the first questions on the mind of anyone following the space was likely: “Why not buy Cursor creator Anysphere instead?” After all, OpenAI Startup Fund has been an investor in Anysphere, the maker of Cursor, since the…
Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s…
When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1…
The general hype around all things AI is not lifting all boats: Certain startups continue to struggle and are looking for exits. In one of the latest developments, TechCrunch has learned from a reliable source that Metropolis, an AI-powered parking platform, is buying Oosto, the controversial computer vision company that used to be known as…
Ryan Reynolds’ Mint Mobile Sells to T-Mobile in $1.3B Deal Actor and producer Ryan Reynolds has cut his first billion-dollar deal. Mint Mobile, the wireless firm that counts Reynolds as a minority owner, has been acquired by wireless giant T-Mobile in a deal that could value the startup firm at $1.35 billion (the actual payout…
Tabloids National Enquirer, Globe, National Examiner to Be Sold to Joint Venture Tabloids The National Enquirer, the Globe and the National Examiner are set to get new owners. VVIP Ventures, a joint venture between digital media and content technologies holding company Vinco Ventures and Icon Publishing, has struck an asset purchase agreement with magazine publisher…
WWE Stunner: Vince McMahon Says He Plans to Re-Join Board of Directors as Company Pursues Possible Sale Vince McMahon’s retirement from the WWE looks to have lasted all of six months. In a twist worthy of a Monday Night Raw storyline, the founder and former CEO of the wrestling giant is planning a comeback to…
Star Production Shingles a Hot Commodity As Brad Pitt’s Plan B Cashes In The global economy might be on the brink of shambles, but the celebrity-entertainment industrial complex shows no sign of slowing down. Big stars, who have already amassed fame and fortune in front of the camera, are increasingly securing generational wealth for their…