Skechers Will Be Acquired by Investment Firm 3G Capital for $8.2 Billion
Investment firm 3G Capital will acquire footwear maker Skechers USA Inc. for $8.2 billion, the company said in a statement on Monday. The transaction is expected to close in the third quarter of 2025. The deal will be financed through a combination of cash provided by 3G Capital as well
BNPL Firm Klarna Files for IPO
Klarna Group Plc filed publicly for a US IPO in what could be one of the year’s biggest financial company listings. The Stockholm-founded digital payments company’s revenue climbed 24% last year. Klarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of
Top digital loan firm security slip-up puts data of 36 million users at risk
Indian loan company Vivifi has reportedly suffered a data breach 36 million files were left exposed These consisted primarily of personally identifiable information (PII) A leading digital lending app has apparently exposed sensitive customer data after a misconfigured Amazon AWS S3 was bucket left unsecured without authentication. Cybernews researchers discovered
DeepSeek might not be as disruptive as claimed, firm reportedly has 50,000 Nvidia GPUs and spent $1.6 billion on buildouts
Chinese startup DeepSeek recently took center stage in the tech world with its startlingly low usage of compute resources for its advanced AI model called R1, a model that is believed to be competitive with Open AI’s o1 despite the company’s claims that DeepSeek only cost $6 million and 2,048
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