TechTaffy

tech:

taffy

IBT Media To Acquire Newsweek

By TechTaffy Desk

newsweek-logo

IBT Media, an international digital-only news company, has signed a definitive agreement to acquire Newsweek from IAC. Pursuant to the transaction, IBT Media will acquire the Newsweek brand and the operations of the online publication. The Daily Beast is not part of the transaction.

The transaction is expected to close in the coming days, after which IAC will continue to operate the property for a transition period of up to 60 days.

IBT Media said it plans to build on the Newsweek brand and editorial offering. Newsweek will operate as a wholly owned subsidiary of IBT Media.

Terms of the deal were not disclosed.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.