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Transactional
Onsemi Signs $7 Billion All-Stock Deal to Acquire Synaptics
Onsemi has signed a definitive agreement to acquire Synaptics in an all-stock transaction with an enterprise value of approximately $7 billion. Synaptics shareholders will receive 1.350 shares of onsemi common stock for each share they own, representing a 19% premium based on the companies’ volume-weighted average closing prices over the previous 10 trading days. Following the deal, Synaptics shareholders are expected to own approximately 12% of the combined company on a fully diluted basis...
Litigation
Nvidia Faces Federal Lawsuit in California Over Unauthorized AI Model Training
Jamendo, a Luxembourg-based online music platform, has filed a federal lawsuit in California against Nvidia, seeking at least $20.3 million over the alleged unauthorized use of its music database to train AI models. The complaint accuses Nvidia of using a 56,000-track dataset, created by Jamendo and the Music Technology Group at Barcelona’s Universitat Pompeu Fabra, to train its Fugatto and Audio Flamingo products despite restrictions limiting the data to non-commercial academic use...
Policy
European Commission Moves to Subject Amazon and Microsoft Cloud Services to...
The European Commission has preliminarily concluded that Amazon Web Services and Microsoft Azure should fall under the European Union’s digital dominance rules, Politico reported. The decision would extend the Digital Markets Act into cloud infrastructure for the first time, targeting Europe’s €220 billion cloud computing market. Both companies have until December to argue against being designated as gatekeepers...
Features
Saudi Public Investment Fund Group Seeks EU Subsidy Clearance for $55...
An investor group including Saudi Arabia’s Public Investment Fund requested European Union subsidy approval for its $55 billion acquisition of video game developer Electronic Arts. According to a European Commission filing, the regulatory body set a July 30 deadline for its preliminary decision. The transaction marks a high-stakes test of the bloc's recent regulatory frameworks targeting non-EU capital entering the Western entertainment and technology sectors...




























