Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Capital Markets
Belrise Industries Buys Hyva India Tipper Body Unit for $5.65 Million
Belrise Industries agreed to buy Hyva India's tipper body business for about $5.65 million, adding three plants and widening its commercial-vehicle reach.
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Chery to Invest $75 Million in KG Mobility via Convertible Bonds
Chery will invest $75 million in KG Mobility through convertible bonds, deepening an auto technology partnership and potentially securing a sizable equity stake
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FTC Filing Shows Musk Acquired APR Energy in Unannounced Deal
A May 14 FTC notice names Elon Musk as buyer of APR Energy's operating business in an unannounced deal reports value at more than $1 billion.
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Uber to Buy Delivery Hero in $14.8 Billion Cash Deal
Uber agreed to buy Delivery Hero for €41.50 a share in a $14.8 billion cash deal, with closing expected in 2027 pending regulatory approvals.
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Stripe and Advent bid $53 billion in cash for PayPal
Stripe and Advent have offered $60.50 a share for PayPal, valuing the payments company at more than $53 billion with $50 billion in financing.
Global M&A Hits Record $2.8 Trillion in First Half on Megadeal Surge
Global announced M&A reached a record $2.8 trillion in H1 2026, up 48%, as 47 megadeals above $10 billion drove nearly half of total deal value.
Sinda Raises $213 Million in NYSE IPO, Shares Open 10% Lower
Sinda raised about $213 million in its NYSE IPO, but shares opened 10% below the $12 offer price as investors weighed valuation and development risk.
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
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