Category: Technology

Australia & New Zealand Banking Group Ltd. is in talks with KKR & Co.-backed MYOB Group Ltd. about an acquisition of the Australian accounting software business. ANZ and KKR “are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed,” the bank said in a statement Wednesday. That […]

Zhu Su, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, broke an almost month-long silence with a tweet accusing court-appointed liquidators of “baiting.” In his first Twitter posting since June 15, Zhu shared a screen shot of what appears to be an email exchange between the fund’s legal counsel at Advocatus Law LLP […]

Technology billionaire Romesh Wadhwani’s artificial intelligence software company agreed to buy BAE Systems Plc’s financial crime detection business, NetReveal. Terms of the deal weren’t disclosed, but SymphonyAI Chief Executive Officer Sanjay Dhawan said in an interview that it was his company’s biggest to date and would help it sell more software to financial institutions. It’s […]

Bargain hunters are expected to find Amazon.com Inc.’s two-day Prime Day sale underwhelming this year, with many sellers minimizing profit-eating discounts in an era of soaring costs. The annual event, which runs Tuesday and Wednesday, is becoming just another summer clearance sale designed to make room for new items before the busy holiday shopping season. […]

A slowdown in mergers and acquisitions is coming this quarter as turmoil in the stock market pressures pending takeovers and raises the risks of more deals collapsing, like Elon Musk’s purchase of Twitter Inc. While the Musk-Twitter fight has the market transfixed, a bigger issue for the M&A industry is the generally challenging backdrop for […]

Gopuff is slashing 10% of its global workforce and closing dozens of warehouses, reining in spending following signs the delivery company expanded too quickly during the pandemic. The job reductions will affect about 1,500 staff members, a mix of corporate and warehouse employees in the US, according to a memo to investors viewed by Bloomberg. […]

Three Arrows Capital liquidators won permission to subpoena founders Kyle Davies and Zhu Su — whose whereabouts remain unknown — along with banks and digital asset exchanges tied to the cryptocurrency hedge fund. A federal bankruptcy judge granted the emergency motion in a hearing Tuesday. Liquidators at advisory firm Teneo are seeking to investigate and […]