Shionogi Falls on Report of $1 Billion Offer to Buy Torii Pharma
The acquisition will include buying a stake from Japan Tobacco Inc., which owns about 53% of Torii, through a tender offer and other means, the newspaper said Wednesday, without citing where it obtained the information.
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Yahoo
3 minutes ago
- Yahoo
Google to invest $6 billion in southern India data centre, sources say
By Sudarshan Varadhan SINGAPORE (Reuters) -Google will invest $6 billion to develop a 1-gigawatt data centre and its power infrastructure in the southern Indian state of Andhra Pradesh in the Alphabet unit's first such investment in India, government sources said on Wednesday. Due to be built in the port city of Visakhapatnam, the data centre investment includes $2 billion in renewable energy capacity that will be used to power the facility, two Andhra Pradesh government sources with direct knowledge of the matter told Reuters. The search giant's data centre will be the largest in capacity and investment size in Asia and is part a multi-billion-dollar expansion of its data centre portfolio across the region in countries including Singapore, Malaysia and Thailand. In April, Alphabet said it was still committed to spending some $75 billion this year to build data centre capacity despite the economic uncertainty resulting from U.S. President Donald Trump's global tariff offensive. Alphabet did not immediately respond to Reuters' request for comment. Andhra Pradesh's information technology minister Nara Lokesh, who is in Singapore to discuss investments with thegovernment and business leaders there, did not comment on the Google investment. "We've made certain announcements like Sify, which are public," he said, referring to a 550-MW data centre Sify Technologies plans to build in the state. "There are certain announcements which are not yet public. In October, we will make those announcements." STATE'S POST-SPLIT INVESTMENT DRIVE Andhra Pradesh, a state run by a leading ally of India's Prime Minister Narendra Modi, was split into two in 2014, losing its former capital Hyderabad and a major revenue source to the newly created Telangana state. Andhra Pradesh has since been looking to attract investments to ease the financial strains of high debt and social spending. Lokesh said Andhra Pradesh has already been able to finalise investments in data centres with total capacity of 1.6 GW, adding that it aims to build 6 GW of data centres over the next five years from nearly zero currently. He expects the initial 1.6 GW of already agreed data centres to be operational in the next 24 months. That would be more than the 1.4 GW currently in operation in the entire country, according to real estate consultancy Anarock. "We're also working on getting three cable landing stations in Visakhapatnam. We want to create enough of cable network, which will be two times what Mumbai has today," Lokesh said. Cable landing stations - typically located close to data centres requiring fast and reliable connections to global networks - are used to store equipment which receives and relays data from undersea cables. Lokesh also said the state was looking to build up energy infrastructure to meet sustainability requirements of data centres. He said he anticipated power generation capacity requirements of as much as 10 GW from the electricity-intensive industry over the next five years. "Majority will end up being actually green energy, and that's the unique value proposition that we bring to the table," he said. Some of the additional capacity will be coal-fired, however, as data centres require reliable, high volume power throughout the day, he added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
6 minutes ago
- Bloomberg
Rebooting Auto: How Tech Pioneers Are Breaking Into the Global Automotive Establishment
The cutting edge of automotive innovation is being increasingly being defined by big tech in China or Silicon Valley, with the legacy auto industry scrambling to keep pace. Speakers Steven Tseng Senior Analyst Bloomberg Intelligence Steven Tseng is a senior analyst covering the Asia Pacific technology hardware supply chain, with specific focuses on computing hardware, consumer electronics, and ODM/EMS related sectors. Prior to joining Bloomberg Intelligence in December 2021, he had 20 years of experience as a sell-side research analyst at the firms such as Daiwa Capital Markets, Samsung Securities, RBS, ABN AMRO, etc. Before that, he was a corporate banker with Citibank Taipei. Steven holds an MBA degree from National Chengchi University in Taiwan. He is also an Institutional Investor-ranked analyst and The Thomson Reuters Analyst Awards winner. Andrew Grant Head of Intelligent Mobility BloombergNEF Andrew Grant leads BloombergNEF's global Intelligent Mobility research team, which produces research, datasets and long-term outlooks on shared mobility services and autonomous vehicles. Andrew is also an author and the lead modeler of BNEF's annual 'Long-Term Electric Vehicle Outlook'. Based in London, U.K., Andrew holds MSc Applied Economics and Bachelor of Business Science in Economics degrees from the University of Cape Town.
Forbes
6 minutes ago
- Forbes
Palo Alto Networks Stock Down 14% On Dubious $25 Billion CyberArk Buy
PARIS, FRANCE - JUNE 11: Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends ... More the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. VivaTech, Europe's largest tech trade show, offers a unique digital format for four days of reconnection and recovery through innovation. The event brings together startups, CEOs, investors, technology leaders, and all the digital transformation players shaping the future of the internet. Founded in 2016 by Publicis Groupe and Groupe Les Echos, this annual technology conference, also known as VivaTech, is dedicated to promoting innovation and startups.. (Photo) Santa Clara, Calif.-based cybersecurity platform provider Palo Alto Networks stock has lost 14% of its peak value since inking a deal to acquire Newton, Mass.-based privileged access management supplier CyberArk for $25 billion, according to CNBC. I wonder whether this deal is a strategic response to Google's $32 billion acquisition of Wiz, a cloud security services provider, which long criticized Palo Alto for its tendency to acquire, rather than build, new cybersecurity services. Is the dip in Palo Alto's stock a buying opportunity? Here are reasons for skepticism: Palo Alto and CyberArk are both bullish on this deal. 'Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now," Palo Alto Networks Chairman and CEO Nikesh Arora said in a press release. CyberArk sees this deal as accelerating the company's mission. 'This is a profound moment in CyberArk's journey," Founder and Executive Chairman of CyberArk Udi Mokady said, according to the release. 'From the beginning, we set out to protect the world's most critical assets, with a relentless focus on innovation, trust, and security. Joining forces with Palo Alto Networks is a powerful next chapter, built on shared values and a deep commitment to solving the toughest identity challenges,' he added. Palo Alto's $25 Billion Deal To Acquire CyberArk Palo Alto – which operates a platform including advanced firewalls and cloud-based offerings -- will pay $45 a share for CyberArk – specializes in identity security which secures sensitive information and who can access it, noted CNBC. This $25 billion deal – including $45 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk share – represents a 26% premium to its share price July 25, according to the release. The merger will help Palo Alto add an important new service to its platform. Palo Alto will extend CyberArk's PAM capabilities to human, machine, and autonomous AI agent identity types while helping CyberArk in its 'journey towards platformization,' noted the release. Palo Alto's Recent Performance And Prospects Lag CyberArk's Both companies plan to report their second quarter results next month. However, based on their first quarter reports, CyberArk is growing much faster than Palo Alto. For example, in the first quarter, CyberArk beat and raised. For example, the company's revenues grew 43.4% to $317.6 million – 3.9% above the consensus. CyberArk also raised guidance for the second quarter above the consensus – suggesting 38.4% growth to a range between $312 million and $318 million, noted Yahoo! Finance. Palo Alto did not do as well. While the company exceeded revenue expectations, it fell short on gross margin and remaining performance obligations. Palo Alto's fiscal third-quarter grew 15% to $2.29 billion – $10 million ahead of consensus while its non-GAAP gross margin of 76% trailed analysts' estimates of 77.2%, noted CNBC. RPO grew 19% to $13.5 billion, 'at the lower end of expectations of $13.5 billion to $13.6 billion,' noted Proactive. Potential Advantages And Disadvantages Of This Deal The acquisition offers significant advantages and risks. If Palo Alto can integrate CyberArk's services into its platform, the combined companies could win more customers and increase the amount each customer buys. However, the deal faces considerable risks – notably, the high price tag, potential integration challenges, and the negative reaction of investors to the deal. Observers seem to have a negative view: CyberArk will only be better off from this cash and stock deal if the combined company can grow much faster than investors expect. But at the moment, CyberArk – which seems much better at spurring organic growth – generated a mere 14% of Palo Alto's revenues. Can the cultures of these two companies align well enough to provide customers an industry-leading platform? It could be years before we know the answer.
