01-07-2024
A proposed Japanese takeover of the British artificial intelligence company Graphcore is facing a national security review amid growing concern over foreign buyers targeting sensitive UK technology. The inquiry has emerged in the wake of SoftBank, the Tokyo-based tech conglomerate that owns a majority stake in semiconductor company Arm, striking a deal for Graphcore. It is understood the government review is the final hurdle to the tie-up being announced.The deal is expected to be worth more than $500m (£400m), but substantially less than the $2.8bn the Bristol-based microchip company was valued at in 2020.https://www.telegraph.co.uk/business/2024/07/01/softbank-ai-deal-graphcore-national-security-review/
28-06-2024
Personally I get more out of Google, wipo and company house than Edison spoon feeds. As for Blackrock, they may be balancing an index but hands off they are not in my experience. They would have given both the nudge and the nod to the last takeover as completely in their interest.