Latest Corporate News News
Alphabet Issues $15 Billion Bond Deal for AI Capex Surge
Alphabet announced a $15 billion bond issuance in USD, Sterling, and Swiss Francs, upsized due to demand, following earnings guidance of $175-185 billion capex this year, up from $91 billion last year. Long-term debt rose from $10.88 billion to $46.5 billion in 2025, yet free cash flow hit a record.
This follows Oracle's $25 billion deal as hyperscalers eye $400 billion in borrowing amid $650 billion capex forecasts.
Spartacus Acquisition Corp. II Closes $230M Nasdaq SPAC IPO
Spartacus Acquisition Corp. II (TMTSU) closed its upsized IPO of 23 million units at $10 each, placing $230 million in trust for tech, media, telecom acquisitions. Units began trading on Nasdaq February 11, 2026, each including one Class A share and one-third warrant exercisable at $11.50.
This follows initial $200 million pricing announced February 10.
Global Stocks Sell Off on Friday the 13th Amid AI Fears
Markets plunged globally with Nasdaq down 2%, S&P software sector off 27% since October due to AI disruption worries. Asia saw Nikkei 225 -1.21%, CSI 300 -1.25%; gold dipped under $5,000/oz as investors fled assets.
CBRE shares fell 8.84% after CEO warned AI could cut office demand long-term.
SpaceX Acquires xAI to Pioneer Orbital Computing Data Centers
SpaceX acquired xAI on February 2, 2026, merging into a combined entity now 18.51% of Private Shares Fund (PIIVX) holdings as of February 10. The deal integrates Starlink satellites with xAI's Grok AI for space-based data centers, bypassing Earth power limits.
Fund manager calls it foundational for orbital AI infrastructure.
PennyMac Acquires Cenlar's Mortgage Subservicing for $257.5M
PennyMac agreed to buy Cenlar's subservicing business for $172.5 million upfront plus up to $85 million contingent, adding $740 billion UPB and 2 million loans. This expands PennyMac's portfolio over $1 trillion UPB, closing H2 2026 pending approvals.
Goodwin law advised on the all-cash deal.
Zadar Labs Acquires Fusionride to Boost Radar Tech Manufacturing
Zadar Labs, a 4D imaging radar leader, acquired Shanghai-based Fusionride on February 9 to enter high-volume automotive, mobility, robotics markets. The deal leverages Fusionride's EMS partners for scaled sensor production; Holland & Knight advised.
Fusionride was a Fosun High-Tech subsidiary with centers in London, Munich, Shanghai.
Idea Acquisition Corp. Closes $350 Million SPAC IPO
Idea Acquisition Corp. announced closing of its $350 million initial public offering on February 12, 2026. The SPAC targets future business combinations, placing funds in trust similar to recent tech-focused IPOs.
Details on unit structure and targets align with booming SPAC activity.
Alliant Insurance, Brighthouse, Continental General Announce Major Deals
Alliant Insurance, Brighthouse Financial, and Continental General revealed significant mergers and acquisitions on February 13, 2026. These deals highlight ongoing consolidation in the insurance sector amid market volatility.
Specific terms were not detailed but mark key corporate activity.
Sumitomo Forestry Announces Strategic Combination with Tri Pointe Homes
Sumitomo Forestry announced a strategic acquisition of Tri Pointe Homes at a 29% premium to its February 12 closing price. The deal aims to combine strengths in homebuilding amid housing market challenges.
Fidelity reported the transaction as a major M&A event.
Hyperscalers Face Surging Debt, Nuclear Tailwinds for AI Power Needs
Tech firms like Amazon spent more capex in 3 years than prior 26 combined; Oracle CDS surged, Meta issued record private credit. Nuclear energy gains from adoption, gov support, tech partnerships, now classified renewable driving uranium prices higher.
Morgan Stanley forecasts $2.25T high-grade bonds, $400B hyperscaler borrowing in 2026.
Private Shares Fund Shifts Holdings Post SpaceX-xAI Merger
Liberty Street Advisors adjusted Private Shares Fund (PIIVX) after SpaceX-xAI deal, with top 10 holdings at 49.24% including SpaceX now leading. Other holdings: GrubMarket, Nanotronics, emphasizing private tech innovators.
Merger eyes AI in orbit for efficiency gains.