Porsche AG has invested in the technology and electric sports car company Rimac Automobili by taking a minority shareholding of ten per cent. The company develops and produces electric vehicle components and manufactures electric super sports cars. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.
IBM announced it has acquired Oniqua Holdings, a global innovator in Maintenance Repair and Operations (MRO) Inventory Optimization solutions and services focused on mining, oil & gas, transportation, utilities, manufacturing and other asset-intensive industries.
Google entered a deal with Carrefour to sell groceries online in France in what the retailer said was the first time fresh food will be marketed through the Internet giant’s platforms, according to Bloomberg.
German payments company Wirecard is fast approaching the market valuation of banking behemoth Deutsche Bank, capping a week in which investors snapped up shares in Europe’s biggest ever fintech public offering, according to Bloomberg.
AT&T closed its $85 billion takeover of Time Warner, the culmination of a 20-month battle for the right to enter the media business by acquiring the owner of HBO and Warner Bros., according to Bloomberg.