It looks like PUBG Studios' upcoming extraction shooter, Project Black Budget, will drop in the second half of 2024.
31.10.2023 - 10:25 / tech.hindustantimes.com / Elon Musk / Will
Broadcom Inc. said on Monday that it expects its $61 billion deal to buy software maker VMware Inc. to close before a November deadline, working to reassure investors amid concerns that a slowdown in China's review process could quash the deal.
Broadcom and VMware didn't say how close they might be to an approval from Chinese regulators — the last major hurdle to closing the deal, but they said in a statement on Monday that there is “no legal impediment” to closing under US merger regulations. The deal agreement between the companies expires on Nov. 26.
If the merger is terminated because the takeover doesn't gain regulatory approvals in time, Broadcom may be on the hook for a $1.5 billion termination fee under the terms of the agreement.
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The companies pointed out in their statement on Monday that the deal has already received legal clearance to combine in Australia, Brazil, Canada, the European Union, Israel, Japan, South Africa, South Korea, Taiwan and the UK, as well as foreign investment control clearance in all necessary jurisdictions. The Financial Times had previously reported that antitrust regulators in China may take longer to approve the combination given a tightening of US chip sanctions, sending shares of VMWare below the offer price.
VMWare traded at $147 in premarket trading on Monday before New York exchanges opened after closing at $142.20 on Friday. Under the deal terms, shareholders could choose to receive either $142.50 in cash or 0.252 shares of Broadcom stock for each VMware share. Broadcom shares closed at $838.36 on Friday.
That represented a 44% premium to VMware's closing price on May 20, 2022, the last trading day before Bloomberg News reported on the takeover talks.
Broadcom Chief Executive Officer Hock Tan aims to turn VMware into the centerpiece of his software operations after previously purchasing CA Technologies and Symantec Corp.'s corporate security business. VMware, founded in 1998, pioneered so-called virtualization programs, which consolidated applications and workloads on a smaller number of server computers. The innovation made it easier for servers to handle more than one program.
VMware agreed to the takeover in May 2022, setting a record for an acquisition by a chipmaker. The largest previous purchase was Advanced Micro Devices Inc.'s $34.1 billion takeover of Xilinx Inc. The deal included a so-called go-shop clause, which let VMware solicit competing offers, but no other suitors emerged.
The VMware transaction was part of a flurry of dealmaking in 2022. Microsoft Corp. agreed in January to buy video game publisher Activision Blizzard Inc. for $69 billion. A consortium backed by Vista Equity Partners set out to acquire
It looks like PUBG Studios' upcoming extraction shooter, Project Black Budget, will drop in the second half of 2024.
Outcry over unchecked antisemitic content and commentary on social media site X, some of it endorsed by the platform's owner Elon Musk, reached a tipping point on Friday, with large advertisers such as Apple Inc. pulling ads and the White House chastising the billionaire.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon Musk inflaming tensions with his own tweets endorsing an antisemitic conspiracy theory.
Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.
Amazon announced another cluster of layoffs this week along with plans to discontinue the Crown channel, a flashy Amazon-run Twitch channel that featured television-like programming. Amazon will also shutter its Game Growth group, which helped creators in the gaming world market themselves.
Union Commerce and Industries Minister Piyush Goyal is scheduled to visit the US from November 13-17 to attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting and has been invited to attend the Asia-Pacific Economic Cooperation Summit in San Francisco.
As DC's Titans: Beast World draws closer, the publisher has teased their plans for what will follow it - and it sounds like an unholy trinity of villains will be causing chaos for Batman and Superman.
By Andrew Websterand Tom Warren
Xbox and Inworld AI have announced a multi-year deal to develop AI game dialogue and narrative tools.
X (formerly Twitter) is going through a transformative period. Recently, Elon Musk, the owner of the platform, revealed his plans to turn it into an ‘everything app'. The company is also releasing new features at a break-neck pace. Some of these features are also exclusive to the X Premium members, who pay a monthly subscription fee, to improve its revenue. Now, a new report has highlighted that X is also selling off old user handles to others at a massive price tag of $50000 and up. This revelation has emerged after some reports mentioned that X may actually start a marketplace where users can sell their handles to other users, and the platform takes a cut.
Just hours after the conclusion of the inaugural AI Safety Summit, which was held in the UK at Bletchley Park and witnessed the participation of more than 28 countries, with dignitaries such as US vice president Kamala Harris, India's Union minister Rajeev Chandrasekhar, and China's vice minister of science and technology Wu Zhaohui, another monumental AI interview was held. This interview was between the UK Prime Minister Rishi Sunak and X owner Elon Musk. Sunak interviewed Musk over some of the most hard-hitting questions in the AI space and assessed its risks and potential. Musk even called AI the “most disruptive force in history”, Let us take a look at the 10 most important parts from the 51-minute-long interview.
While attending the AI Safety Summit in the UK as India's representative, Union IT Minister Rajeev Chandrasekhar unexpectedly encountered Tesla CEO Elon Musk. The series of surprises did not stop there as the IT minister struck up a conversation with the billionaire and found out that Musk's son's middle name was the same as his last name - Chandrasekhar. The Union minister shared this strange coincidence online in a post on X (formerly Twitter).