Latest Corporate News
Global Tech Layoffs Surpass 30,000 in Early 2026
Tech companies based in the US have cut over 30,000 jobs across 38 firms in early 2026, continuing a trend of nearly one million losses since 2021 as firms adjust post-pandemic expansions. This recalibration reflects ongoing industry challenges amid economic pressures.
Enstar Group Acquires AF Group from Blue Cross
Enstar Group Limited, backed by Sixth Street affiliates, announced the acquisition of Accident Fund Holdings (AF Group), a major US property and casualty insurer with $3.3 billion in 2025 gross written premiums. The deal, advised by Simpson Thacher, is expected to close in the second half of 2026 pending approvals.
AF Group operates in all 50 states with a focus on commercial insurance.
Sumitomo Forestry to Buy Tri Pointe Homes for $4.5 Billion
Japanese homebuilder Sumitomo Forestry announced an all-cash acquisition of US homebuilder Tri Pointe Homes at $47 per share, valuing the deal at about $4.5 billion. The strategic combination aims to create a leading US homebuilder and support expansion.
The transaction was highlighted in recent M&A updates.
Universal Music Group Secures EU Approval for Downtown Acquisition
UMG, the world's largest recorded music company, received EU antitrust clearance for its takeover of Downtown after divesting royalties platform Curve. This approval advances a key music industry consolidation deal.
The acquisition strengthens UMG's portfolio amid active M&A in entertainment.
Google's $32 Billion Wiz Takeover Clears EU Swiftly
Google obtained quick EU approval for its $32 billion acquisition of Wiz, signaling Big Tech deals can succeed in Brussels despite scrutiny. The clearance highlights regulatory flexibility for major tech mergers.
It counters concerns over stalled US-Europe dealmaking.
Radiance Renewables Secures $23 Million Funding
Bengaluru-based Radiance Renewables raised USD 23 million from The Fundamentum Partnership and SMBC Asia Rising Fund for renewable energy solutions including solar and storage. The firm helps corporates cut energy costs by up to 40% and meet net-zero goals.
It manages full project lifecycles for open-access and behind-the-meter projects.
Pandorum Technologies Raises $17 Million for Biotech Therapies
Pandorum Technologies secured USD 17 million from investors like Jungle Ventures and Alteria Capital for regenerative therapies using 3D bioprinting. The pipeline targets corneal blindness, fibrosis, and organ damage with bioengineered tissues.
This funding bolsters India's biotech innovation scene.
USV Acquires 79% Stake in Wellbeing Nutrition for INR 1,583 Crore
USV Private Limited bought a 79% stake in nutrition firm Wellbeing Nutrition, marking major consolidation in India's wellness sector. The deal highlights active M&A in healthcare nutrition.
It follows other fintech and logistics acquisitions like Rainmatter's PensionBox buy.
CEOs Discuss Strategic Sovereignty in Fragmented Global Economy
Global leaders at a panel emphasized strategic sovereignty to reduce vulnerabilities in supply chains, energy, and tech amid geopolitical risks. Speakers from KPMG, General Atomics, and CapitaLand stressed human resource development and domestic capabilities.
Financial inclusion and brand adaptation were highlighted for resilience.
ET Now Summit: Multipolarity Risks Instability Without Rules
At the ET Now Global Business Summit 2026, experts warned that multipolarity without rules could deepen global instability, urging resilience in defense and energy. India's rise in the Global Power Index was noted, positioning it as a growth engine alongside Southeast Asia.
Panelists stressed India's potential to lead emerging economies.
Data Center M&A Expected to Remain Robust in 2026
Data center mergers and acquisitions are forecasted to stay strong this year despite power constraints and AI market shifts, fueled by investor demand. High-value deals continue amid sector growth.
Risks from energy and tech changes are acknowledged but not deterring activity.
Propane Industry Poised for Increased M&A in 2026
The propane sector may see a high-water mark for M&A deals in 2026 due to easing leveraged lending rules and growing capital appetite. Regulatory shifts post-2008 crisis could unlock deals for mid-sized firms.
Momentum has built since last fall with higher debt-to-EBITDA tolerance.