takeover
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OpenAI’s Countersuit of Elon Musk Alleges Harassment & ‘Sham’ Takeover Bid
OpenAI’s CEO Sam Altman. Image: Creative Commons While the legal battle between Elon Musk and OpenAI is scheduled to begin in the spring of 2026, the team at OpenAI has filed a countersuit accusing Musk of sustained harassment. The OpenAI/Musk feud thus far Although the roots of the feud go all the way back to the late 2010s and the…
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OpenAI countersues Elon Musk to stop his attacks and ‘fake takeover bid’
OpenAI filed a countersuit against Elon Musk on Wednesday, saying on X that “Elon’s nonstop actions against us are just bad-faith tactics to slow down OpenAI and seize control of the leading AI innovations for his personal benefit.” In the lawsuit, OpenAI’s lawyers argue that “Musk’s continued attacks on OpenAI, culminating most recently in the fake takeover bid designed to…
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Intel Agrees to TSMC Takeover of Chip Foundries, Sources Say
Intel foundry. Image: Intel Intel has tentatively agreed to let Taiwan Semiconductor Manufacturing Company (TSMC) take over some of its chipmaking facilities, according to The Information. TSMC will hold a 20% stake in the joint venture, contributing not cash, but value through sharing its chipmaking practices and training Intel staff, according to anonymous sources cited by the publication. Rumours of…
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TSMC Proposes Shared Takeover with Chip Giants
Intel foundry. Image: Intel Taiwan Semiconductor Manufacturing Company has offered a share in its proposed acquisition of Intel’s chip foundries to NVIDIA, Broadcom, and AMD, sources told Reuters. The Taiwanese chipmaker intends to oversee the operations of Intel’s fab division, but aims to retain less than 50% ownership and is seeking multiple partners for the deal. Intel’s reluctance and internal…
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UK regulator to investigate IBM takeover of HashiCorp
The UK’s Competition and Markets Authority (CMA) has launched a preliminary investigation into IBM’s acquisition of HashiCorp. The regulator said it’s concerned that the $6.4 billion deal would lead to a substantial lessening of competition. It has put out a call for comment, set to close on 16 January, and revealed it will decide whether to refer the merger for…
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Qualcomm reportedly approached Intel for massive takeover — what you need to know
The Wall Street Journal reported late Friday that chipmaker Qualcomm reached out to competitor Intel about a potential takeover. A deal of this magnitude would be one of the most consequential tech acquisitions in quite some time, and it’s believable given that Intel has been on the ropes and pacing behind its competitors over the last few years when it…
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