Tag Archives: Billion

Microsoft has announced that Game Pass has hit almost $5 billion in revenue over the last fiscal year, with 500 million active users. In fact, the whole of Microsoft has just reported annual revenue of $76.4 billion, up 18 percent on the previous year. These figures are being announced less than a month after the company fired 9,000 employees and …

Figma IPO Brings Value Near $20 Billion From Failed Adobe Deal  Bloomberg Figma Poised to Open Trading at Nearly Triple Its IPO Price  Yahoo Finance Figma Is Largest VC-Backed American Tech Company IPO in Years  The Wall Street Journal Figma IPO: Stock Set to Nearly Triple; First Trade Later Today  Barron’s Design software maker Figma’s shares set to triple in blowout market debut  Reuters Source …

Microsoft to spend record $30 billion this quarter as AI investments pay off  Reuters Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club  CNBC Microsoft set for $4 trillion market cap after posting Q4 beat on top and bottom line on cloud, AI strength  Yahoo Finance Microsoft’s stock surges after earnings. Here’s the biggest number from the report.  MarketWatch …

Palo Alto Networks, a Santa Clara, California-based cybersecurity firm founded by American-Israeli entrepreneur Nir Zuk, announced on Wednesday that it will acquire Israeli firm CyberArk in a deal valued at a staggering $25 billion. It marks the biggest ever acquisition of an Israeli company after Google’s $32 billion purchase of Israeli-founded cybersecurity unicorn Wiz earlier this year. The third-largest deal …

Figma prices IPO at $33 a share, raising $1.2 billion  MarketWatch Figma prices IPO at $33, above expected range  CNBC Figma hits $20bn valuation in oversubscribed IPO  Financial Times CoreWeave Stock and 3 More IPOs to Consider as Figma Prepares to Go Public  Barron’s Design Software Maker Figma, Backers Raise $1.2 Billion in IPO  Bloomberg Source link

Colorado lawmakers must cut about $1 billion from the state budget for the current fiscal year, which began July 1, to address tax revenue reductions caused by the federal spending bill passed by Republicans in Congress earlier this month.  Nonpartisan Legislative Council Staff and the Governor’s Office of State Planning and Budgeting told top state legislators Wednesday that the so-called …

Design Software Maker Figma, Backers Raise $1.2 Billion in IPO  Bloomberg.com Figma raises $1.2 billion in US IPO after pricing above range  Yahoo Finance CoreWeave Stock and 3 More IPOs to Consider as Figma Prepares to Go Public  Barron’s Figma hits $20bn valuation in oversubscribed IPO  Financial Times Figma’s $1.2 Billion IPO Approaching 40 Times Oversubscribed (FIG)  Bloomberg.com Source link

Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto’s entrance into the identity security space, according to a company press release. Palo Alto has been on a shopping spree since Nikesh Arora took over as CEO and …

Wall Street is punishing Palo Alto Networks over its planned $25 billion acquisition of CyberArk . Jim Cramer believes investors who step into the sell-off will likely be rewarded down the road. Shares of Palo Alto were down nearly 6% after the cybersecurity company officially announced the acquisition. A day earlier, The Wall Street Journal reported the two firms were …

Trump brings elite institutions to heel in $1.2 billion settlement spree  Axios Harvard Is Said to Be Open to Spending Up to $500 Million to Resolve Trump Dispute  The New York Times Harvard’s $500 million surrender to Trump heralds an end to US academic freedoms  The Hill Harvard open to $500 million settlement with the Trump administration: report  KOMO Trump administration wants Harvard to …