Nvidia is working with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR on financing platforms aimed at raising over $500 billion for AI infrastructure.
BUSINESS
I Squared Capital to Acquire oOh!media in A$898 Million Buyout
The US infrastructure investor, which manages more than US$60 billion in assets, will acquire Australia's largest outdoor advertising company under a A$1.70-a-share scheme after a months-long bidding contest.
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Trump-Linked AI Financial Sells Canadian Unit to Prime Delta
The fintech firm will receive a US$12 million promissory note and 11.6 million Prime Delta shares for ALT5 Sigma Canada, weeks after a previous sale collapsed.
Business
US Court Approves $2.5B PFAS Settlement With DuPont, 3M
The landmark New Jersey agreement requires DuPont, Chemours, Corteva and 3M to fund environmental cleanup, drinking water remediation and long-term restoration linked to "forever chemicals" contamination.
Trump Unveils $3B Push for Critical Minerals and Defence Supply Chains
The administration will invest in mining and battery projects to expand domestic production, strengthen military supply chains and reduce reliance on foreign critical minerals.
Airbnb Scores Revenue Beat With World Cup Travel Surge
The FIFA World Cup and resilient global travel demand lifted bookings and attracted new users, pushing the company's shares more than 10% higher in extended trading.
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Questions Swirl Over Claimed A$100M Woolworths Ooshie Sale
A rare Disney Bullseye Flocked collectible appeared to sell for more than A$100 million on eBay, with collectors questioning whether the record-breaking bid was genuine.
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Apollo Wins £5.7B Battle for easyJet
The private equity firm's £7.15-a-share offer prevailed after Castlelake walked away rather than enter a bidding war.
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Elevra Lithium Offloads Tabba Tabba Interests for $16 Million
The miner has divested its E45/2364 pegmatite interests in Western Australia to Wildcat Resources, using the proceeds and future royalties to accelerate its North American lithium strategy.