Mergers and Acquisitions

Nvidia to license AI chip challenger Groq’s tech and hire its CEO

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Nvidia has struck a non-exclusive licensing agreement with AI chip competitor Groq. As part of the deal, Nvidia will hire Groq founder Jonathan Ross, president Sunny Madra, and other employees. CNBC reported that Nvidia is acquiring assets from Groq for $20 billion; Nvidia told TechCrunch that this is not an acquisition of the company and … Read more

Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand

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Bending Spoons, a company that buys and revitalizes stagnating tech companies, has agreed to purchase Eventbrite for about $500 million, a far cry from the $1.76 billion the company was worth when it went public in 2018. Just like many of Bending Spoons’ previous acquisitions, including Evernote, Meetup, Vimeo, and AOL, Eventbrite has a strong … Read more