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GoPro explores defense and may sell itself as layoffs deepen and stock stalls

GoPro explores defense and may sell itself as layoffs deepen and stock stalls

GoPro, once a consumer-tech darling, is shifting from action cameras to potential defense and aerospace work as it weighs strategic options that include a possible sale. The company’s board said it received unsolicited inquiries spanning defense, consumer, and financial parties, while earlier attempts to pivot to defense briefly lifted its stock before it slid again. Sales have been falling, losses rising, and GoPro has cut about a quarter of its workforce, leaving fewer than 600 employees.

Summarised by Beize from a story on TechCrunch on 16 May 2026
RBI cancels CIC registrations for two firms after surrender requests and merger-linked legal changes

RBI cancels CIC registrations for two firms after surrender requests and merger-linked legal changes

The Reserve Bank of India has cancelled the certificates of registration of two core investment companies after they requested surrender, including RR Holdings and Anjali Capfin. RBI said the cancellations fit criteria for unregistered CICs that need no fresh registration. Separately, it cancelled HDFC Holdings’ CoR because the NBFC ceased to exist as a legal entity after amalgamation or merger, linked to HDFC Bank’s consolidation with HDFC Ltd. RBI also reported CoR surrenders by four other NBFCs and cancelled 150 registrations overall.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Venmo gets its biggest makeover yet as PayPal reshapes for a possible sale

Venmo gets its biggest makeover yet as PayPal reshapes for a possible sale

Venmo is rolling out its biggest makeover in years, but the real story may be behind the scenes. PayPal is restructuring to spin Venmo off as a standalone business unit, a move observers say could set up a sale. Adding fuel, reports claim Stripe is interested in buying PayPal outright.

Summarised by Beize from a story on TechCrunch on 12 May 2026
DOJ antitrust chief warns mergers: AI disruption claims must be backed by evidence

DOJ antitrust chief warns mergers: AI disruption claims must be backed by evidence

The US Justice Department’s antitrust chief has warned dealmakers against using AI disruption as a catch all excuse during merger reviews. Any claim that AI will fundamentally change competition must be supported by real evidence. Companies are urged to engage with the division early, and the DOJ says it will not tolerate misleading statements, even if an AI narrative seems tempting.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge has officially completed its acquisition of Hyderabad-based Cigniti Technologies. The company said the takeover moved forward after receiving required shareholder approval and clearance from the National Company Law Tribunal, along with completion of all regulatory requirements. The deal marks another step in consolidation within the IT services sector as both firms align operations post-closure.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Meta to reverse Manus AI acquisition after China blocks it over national security concerns

Meta to reverse Manus AI acquisition after China blocks it over national security concerns

Meta is reportedly backtracking on its acquisition of AI startup Manus after China banned the deal, citing national security. The AI agent was originally founded in China but is now based in Singapore. Meta says the transaction complied with applicable law, but analysts warn the move highlights how US China tech rivalry can derail cross border deals.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

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Sun Pharma buys Organon for 11 75 billion boosting scale but integration debt could bite

Sun Pharma buys Organon for 11 75 billion boosting scale but integration debt could bite

Sun Pharma’s $11.75 billion acquisition of Organon & Co is set to expand its global footprint, commercial reach, and product diversification, including women’s health and biosimilars. The move aims to strengthen long-term growth, but success will hinge on how smoothly management integrates Organon’s operations and controls the deal’s debt burden.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
China blocks Meta Manus deal wiping out billions and stalling Zuckerberg AI agent push

China blocks Meta Manus deal wiping out billions and stalling Zuckerberg AI agent push

China has ordered Meta to unwind its multibillion-dollar Manus acquisition, reversing a deal that was expected to support Zuckerberg’s ambitions for AI agents. The decision follows a months-long investigation and could force Meta to unwind investments, restructure plans, and reassess how it expands in China-linked AI and technology markets.

Summarised by Beize from a story on TechCrunch on 27 Apr 2026
Ellison promises 30 movie releases as Paramount seeks approval for Warner Bros takeover

Ellison promises 30 movie releases as Paramount seeks approval for Warner Bros takeover

Paramount Skydance chief David Ellison is directly reassuring cinema owners that the company will keep a minimum slate of 30 films annually if regulators clear its proposed $110 billion acquisition of Warner Bros Discovery. By taking the case to theater operators, Ellison is aiming to reduce concerns about fewer releases and protect box-office demand as the deal faces regulatory scrutiny.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Why India is pushing a fourth merger of regional rural banks

Why India is pushing a fourth merger of regional rural banks

India’s government is considering the next wave of amalgamation among regional rural banks, entering a fourth phase of mergers. The move is intended to strengthen the banking network, improve efficiency, and make smaller lenders more resilient—while raising questions about how services and customers will be impacted in far-flung areas.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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