mergers Archives

AppWizard

October 30, 2025

CWA president urges regulators scrutinise EA Saudi deal

Claude Cummings Jr., president of the Communications Workers of America (CWA) union, has requested a thorough investigation by the Federal Trade Commission (FTC) and the Committee on Foreign Investment in the United States (CFIUS) regarding the proposed acquisition of Electronic Arts (EA) by a consortium of investors primarily funded by Saudi Arabia. He expressed concerns about job security for thousands in the gaming industry and the potential impact on market dynamics, urging regulators to evaluate how the acquisition could affect EA's market power and wage-setting authority. The acquisition would transition EA to private ownership under investors including the Saudi Public Investment Fund. The CWA previously supported the acquisition of Activision Blizzard by Microsoft after negotiating a labor neutrality agreement.

AppWizard

October 18, 2025

Call of Duty vet Schofield “immensely worried” about franchise under Microsoft

Glen Schofield, the former head of Sledgehammer Games, expressed concerns about the future of the Call of Duty franchise under Microsoft's ownership, drawing parallels with other shooter franchises like Gears of War and Halo that have struggled under corporate management. He noted a trend of established titles becoming obscure after being acquired by larger companies and speculated that the Call of Duty bonus system might change to align with Microsoft's framework. Schofield criticized the perceived decline in quality of the Call of Duty series since his departure, specifically mentioning the lukewarm reception of Modern Warfare 3 (2023), which scored 50. He emphasized the importance of a strong creative team and reflected on his experiences during the franchise's peak, noting the collaborative spirit that characterized the development process at that time.

AppWizard

October 17, 2025

Five beloved Android apps we loved and then lost

This year, several essential Android applications have been abruptly retired, creating a significant void for users. Pocket, originally launched as Read It Later and acquired by Mozilla, was a popular tool for saving articles but has now shut down, leaving users without a true replacement. Omnivore, an open-source read-it-later tool favored by academics, lost its original vision after being acquired by ElevenLabs, which shifted its focus to AI-enhanced reading. Syncthing's official Android app was withdrawn due to non-compliance with app store policies, despite the technology's capabilities. Kiwi Browser, known for allowing desktop-style Chrome extensions on Android, was archived to develop an extension store for Microsoft Edge, losing its independent essence. Nova Launcher, a highly customizable home screen application, ceased updates after its acquisition by Branch, disappointing its dedicated user community. The losses of these applications highlight the challenges faced by smaller teams in maintaining their products amidst changing regulations and corporate acquisitions.

AppWizard

October 17, 2025

Saudi Arabia’s acquisition of Electronic Arts faces pushback from game developers, petition calls on FTC to ‘scrutinize this deal closely’

Saudi Arabia's Public Investment Fund, along with private equity firms, is acquiring Electronic Arts (EA) for a billion dollars, facing significant resistance from the United Videogame Workers-CWA union. The union has urged regulators to prioritize job protection, creative freedom, and accountability in decision-making. EA, with annual revenues of .5 billion and profits of billion, is not in distress, but concerns have been raised about potential layoffs, particularly at BioWare, a studio known for its progressive narrative approach. The union warned that job losses would be a choice made for investor profit rather than necessity. U.S. senators Richard Blumenthal and Elizabeth Warren have expressed concerns about national security risks related to the acquisition, but regulatory intervention seems unlikely due to a shift in the FTC's stance and the involvement of Jared Kushner in the deal. The union has initiated a petition to prompt regulatory examination of the acquisition.

AppWizard

July 26, 2025

Two Brand New PC Games Are Free on Steam

Steam has added two new games to its library that are currently available for free. One game, Oil Sheik, was released on July 24 and has an 88 percent approval rating, described as a turn-based strategic puzzle game about creating and expanding companies and trading stocks. The other game, Inverta, entered Early Access on July 18 and is a 2.5D puzzle-platformer with a focus on gravity manipulation, but has received only three positive user reviews. One game is marked as “Unsupported” on the Steam Deck, while the other has an “Unknown” compatibility status.

TrendTechie

July 18, 2025

Индийская Torrent Pharmaceuticals привлекла $2.3 млрд в рамках сделки с JB Chemicals

Torrent Pharmaceuticals Ltd. has secured a credit line of .3 billion to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. The credit facility is supported by banks including Barclays Plc, HSBC Holdings Plc, and Standard Chartered Plc, with a maturity period of up to four years. Torrent plans to purchase 53.8% of JB Chemicals from KKR & Co. for approximately .4 billion and has made a mandatory offer for an additional 26% of shares at 1,639 rupees per share. JB Chemicals' market valuation reached .6 billion in 2024, with a 20% increase in stock price. The Indian M&A landscape has seen an 18% increase in activity in 2025, despite an 8% decline in the Asia-Pacific region. JB Chemicals focuses on pharmaceutical products for various disorders and is headquartered in Mumbai, while Torrent Pharmaceuticals is based in Ahmedabad.

Tech Optimizer

July 16, 2025

ParadeDB takes on Elasticsearch as interest in Postgres explodes amid AI boom

Open source database management system Postgres is nearing its 40th anniversary and has seen increased demand due to its compatibility with AI applications, although its search and analytics capabilities are limited. ParadeDB is an open source extension that enhances full-text search and analytics within Postgres, integrating with various data infrastructure tools like Google Cloud SQL, Azure Postgres, and Amazon RDS. Founded in 2023, ParadeDB released its first version the same year and gained Alibaba as its first customer in May 2024. The company recently secured a million Series A funding round led by Craft Ventures to expand its team and improve its platform. The growing popularity of Postgres is highlighted by recent acquisitions, such as Snowflake's acquisition of Crunchy Data and Databricks' purchase of Neon.

AppWizard

June 20, 2025

Embracer’s headcount dropped by 1.8k staff last year

Embracer Group has reduced its workforce by over 1,800 employees, specifically a decrease of 1,857 compared to the previous fiscal year. This follows approximately 1,400 job losses in the prior year. The company has also divested several studios, including Gearbox and Saber Interactive. Embracer is planning to split into three publicly-traded entities, and founder and CEO Lars Wingefors will step down, with Phil Rogers taking over as CEO. Wingefors will become executive chairman of the Board, focusing on strategic initiatives, mergers and acquisitions, and capital allocation.

Tech Optimizer

May 15, 2025

Databricks to acquire serverless database startup Neon for USD 1 Billion

Databricks intends to acquire Neon, a serverless Postgres startup, for approximately USD 1 billion. Neon specializes in a modern database service based on PostgreSQL, offering features such as near-instantaneous database provisioning, elastic scaling, and powerful branching capabilities. This acquisition aims to enhance Databricks' offerings for AI tools, particularly AI Agents. Databricks has a history of expanding through acquisitions, including the purchase of MosaicML for USD 1.3 billion in 2023 and Tabular for over USD 1 billion in 2024. The company has a valuation of USD 62 billion and projected annualized revenue of USD 2.4 billion by mid-year. The acquisition awaits regulatory approvals.

Tech Optimizer

May 14, 2025

Databricks Acquires Neon for $1 Billion, Boosting AI Infrastructure with Serverless PostgreSQL

Databricks has acquired Neon, a cloud-based database startup specializing in serverless PostgreSQL, in a billion-dollar deal. This acquisition aims to enhance Databricks' role in the AI tooling landscape and reflects a shift in the database market to meet the needs of AI-native applications. Neon, founded in 2021 and based in Menlo Park, California, had raised nearly million before this acquisition. Databricks CEO Ali Ghodsi noted that 80% of databases on their platform are created by code rather than humans, indicating a shift in database management driven by autonomous AI agents. Databricks has been actively acquiring companies to strengthen its AI development capabilities, having previously acquired firms like MosaicML and Arcion. Ghodsi emphasized that as a private entity, Databricks can make long-term strategic decisions without public market pressures. The acquisition reflects a broader trend of increased deal-making in the AI sector and highlights the growing importance of robust data infrastructure in the context of sovereign AI initiatives.