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SpaceX Previously Sought to Acquire AI Programming Startup Cognition, Both Parties Still Negotiating Cooperation
According to Bloomberg Businessweek, SpaceX approached AI programming startup Cognition to discuss a potential acquisition, but Cognition CEO Scott Wu explicitly stated that the company "will not sell and is not engaged in related negotiations." Sources familiar with the matter revealed that both parties are still discussing collaboration, including the possibility of Cognition using SpaceX's compute resources. Cognition achieved a valuation of $26 billion in a funding round this May and is currently seeking a new round of funding at a valuation of at least $40 billion.
Morgan Stanley: Silver Lake in Talks to Acquire Workday, Software Stock Valuations Cheap Enough for PE to Step In Again
According to TechFlow Research, Morgan Stanley's August 16 research report noted that Reuters reported PE giant Silver Lake is in talks to acquire Workday, driving a collective surge in the software sector last Friday. Workday has a market cap of approximately $50 billion. If acquired at a 30% to 40% premium, the valuation would be approximately 5x 2027 P/S ratio and 16x 2027 free cash flow, both below historical averages. Morgan Stanley believes this indicates software stocks may have become cheap enough to entice PE firms to re-enter the market; if the deal materializes, it will boost sector valuations. The report also noted that while open-source models suppress token prices, hyperscalers can still maintain 20% to 60% ROIC on their proprietary compute. Investor surveys show 52% expect increased divergence within software stocks, with bulls numbering approximately twice that of bears. Morgan Stanley expects Cursor's annualized ARR to reach $8 billion by year-end and $33 billion by 2030, maintaining an Underweight rating on Netcompany. PE returning to acquisitions, cost layering of open-source models, and investor confidence repair—these three signals indicate software sector valuations have been compressed to a critical point.
Stripe in Talks to Acquire AI Model Platform OpenRouter at $10 Billion Valuation
: Fintech company Stripe is in exclusive acquisition negotiations with AI model aggregation platform OpenRouter, with a transaction valuation of approximately $10 billion. If completed, this would become one of Stripe's significant moves in the AI sector in recent years. Stripe has primarily focused on payment infrastructure, financial services, and enterprise software, and acquiring OpenRouter could further drive its expansion into AI developer infrastructure.According to sources familiar with the matter, OpenRouter has previously received acquisition interest from multiple major tech companies, but Stripe has now entered the exclusive negotiation phase. The deal has not been finalized yet, and specific terms may still change. Founded in 2023, OpenRouter positions itself as an AI infrastructure platform connecting users with various large language models, allowing developers to access AI models from companies such as OpenAI, Anthropic, and Google through a unified interface, and select different models based on performance, price, and availability. (The Information)
Stripe in Talks to Acquire OpenRouter
citing sources familiar with the matter, that Stripe is in talks to acquire OpenRouter. OpenRouter is a popular startup that helps developers choose between various AI models. According to insiders, a deal could be announced soon, but there is also the possibility that negotiations could collapse or other bidders could emerge. The specific price under discussion is not yet clear, but sources suggest the company may be valued at around $10 billion in a sale. The sources added that several other major tech companies have previously explored opportunities to acquire OpenRouter. Founded in 2023, OpenRouter sells software that allows clients to easily access AI models developed by OpenAI and Anthropic, as well as "open-weight" models that anyone can download and run for free. Acquiring OpenRouter would enable Stripe to capture a hot growth area in the AI market. (Jin Shi)
Stripe and Advent Jointly Bid Over $53 Billion to Acquire PayPal
According to Reuters, payment company Stripe and private equity firm Advent International have jointly submitted an acquisition offer to PayPal Holdings (PYPL.O), bidding $60.50 per share for a total valuation exceeding $53 billion, a premium of approximately 28% over PayPal's closing price on Tuesday. The offer is supported by approximately $50 billion in committed bank financing, with both parties planning to hold 50% equity each and not break up the company. The acquisition proposal was submitted earlier this month, following initial contact between the parties in early April. No response has been received from PayPal so far, and Stripe and Advent hope to reach an agreement by the end of the month. Whether the deal will ultimately close remains uncertain.
Tencent in Talks to Acquire Manus: Sources Say It Will Retain Minority Shareholder Status
According to Southern Metropolitan Daily, Tencent is negotiating to become the largest shareholder of general AI Agent company Manus. A consortium of Chinese capital led by Tencent plans to repurchase all equity of Manus from Meta at a valuation of approximately 2 billion USD. However, sources familiar with the matter revealed that upon completion of the transaction, Tencent will still maintain a minority shareholder status and will not hold a controlling stake. Manus is an AI Agent product launched by Butterfly Effect Company. It went viral overnight in China in March 2025, and its annualized revenue has exceeded 100 million USD. Previously, Meta announced the acquisition of Manus, but due to the intervention of the Ministry of Commerce and the foreign investment security review mechanism, the acquisition was legally prohibited and required to be revoked in April 2026. This repurchase by Chinese capital marks the subsequent progress following the halt of the acquisition.
Morgan Stanley: Silver Lake in Talks to Acquire Workday, Software Stock Valuations Cheap Enough for PE to Step In Again
According to TechFlow Research, Morgan Stanley's August 16 research report noted that Reuters reported PE giant Silver Lake is in talks to acquire Workday, driving a collective surge in the software sector last Friday. Workday has a market cap of approximately $50 billion. If acquired at a 30% to 40% premium, the valuation would be approximately 5x 2027 P/S ratio and 16x 2027 free cash flow, both below historical averages. Morgan Stanley believes this indicates software stocks may have become cheap enough to entice PE firms to re-enter the market; if the deal materializes, it will boost sector valuations. The report also noted that while open-source models suppress token prices, hyperscalers can still maintain 20% to 60% ROIC on their proprietary compute. Investor surveys show 52% expect increased divergence within software stocks, with bulls numbering approximately twice that of bears. Morgan Stanley expects Cursor's annualized ARR to reach $8 billion by year-end and $33 billion by 2030, maintaining an Underweight rating on Netcompany. PE returning to acquisitions, cost layering of open-source models, and investor confidence repair—these three signals indicate software sector valuations have been compressed to a critical point.
Fanatics to Acquire BGC’s Regulated Exchange and Clearing House, Launching Prediction Market Business
sports merchandise and betting platform Fanatics will acquire a federally regulated exchange and clearing house from BGC to launch and settle its own prediction market operations. Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data. This deal enables Fanatics to enter the prediction market space, competing directly with platforms such as Kalshi and Polymarket.
Tencent in Talks to Acquire Manus: Sources Say It Will Retain Minority Shareholder Status
According to Southern Metropolitan Daily, Tencent is negotiating to become the largest shareholder of general AI Agent company Manus. A consortium of Chinese capital led by Tencent plans to repurchase all equity of Manus from Meta at a valuation of approximately 2 billion USD. However, sources familiar with the matter revealed that upon completion of the transaction, Tencent will still maintain a minority shareholder status and will not hold a controlling stake. Manus is an AI Agent product launched by Butterfly Effect Company. It went viral overnight in China in March 2025, and its annualized revenue has exceeded 100 million USD. Previously, Meta announced the acquisition of Manus, but due to the intervention of the Ministry of Commerce and the foreign investment security review mechanism, the acquisition was legally prohibited and required to be revoked in April 2026. This repurchase by Chinese capital marks the subsequent progress following the halt of the acquisition.
Valour Secures $11 Million Institutional Investment to Acquire Hedera-Related ETP
According to PR Newswire, Valour, a subsidiary of DeFi Technologies, has secured approximately USD 11 million in institutional investment to purchase its Hedera (HBAR)-related ETP products—around USD 10 million for the product listed on the Frankfurt Stock Exchange and approximately USD 1 million for Valour Hedera SEK, listed on Sweden’s Spotlight Exchange. DeFi Technologies stated that both transactions were facilitated by its Abu Dhabi workshop, reflecting growing institutional demand for regulated, exchange-traded products providing exposure to Hedera and supporting the growth of its assets under management in the German market.
Stripe and Advent Jointly Bid Over $53 Billion to Acquire PayPal
According to Reuters, payment company Stripe and private equity firm Advent International have jointly submitted an acquisition offer to PayPal Holdings (PYPL.O), bidding $60.50 per share for a total valuation exceeding $53 billion, a premium of approximately 28% over PayPal's closing price on Tuesday. The offer is supported by approximately $50 billion in committed bank financing, with both parties planning to hold 50% equity each and not break up the company. The acquisition proposal was submitted earlier this month, following initial contact between the parties in early April. No response has been received from PayPal so far, and Stripe and Advent hope to reach an agreement by the end of the month. Whether the deal will ultimately close remains uncertain.
Solana Foundation to Acquire Stake in SBI R3 Japan, Which Plans to Rebrand as SBI Solana Global
SBI and the Solana Foundation have announced a strategic partnership to jointly advance the development of Japan's on-chain financial market. Under the collaboration agreement, the Solana Foundation will acquire a stake in SBI R3 Japan, and work alongside existing shareholders SBI and Sumitomo Mitsui Financial Group to drive a new growth strategy. The company plans to rebrand as SBI Solana Global Co., Ltd. SBI Solana Global will focus on promoting the issuance and circulation of yen stablecoins such as JPYSC on the Solana network, supporting the issuance and circulation of corporate bonds and tokenized RWAs, building cross-border payment infrastructure, providing on-chain financial services for institutional investors, and developing the next generation of payment infrastructure for the AI Agent era.
OnRe Finance Completes $5 Million Funding, Forward Plans to Deploy $25 Million to Acquire ONyc Tokens
OnRe Finance has completed a $5 million funding round, co-led by Forward (Solana's largest treasury management firm) and Rockaway. The capital will be used to accelerate the development of on-chain reinsurance business on Solana. Forward plans to deploy up to $25 million into OnRe's ONyc token to gain exposure to tokenized reinsurance yields.
Valour Secures $11 Million Institutional Investment to Acquire Hedera-Related ETP
According to PR Newswire, Valour, a subsidiary of DeFi Technologies, has secured approximately USD 11 million in institutional investment to purchase its Hedera (HBAR)-related ETP products—around USD 10 million for the product listed on the Frankfurt Stock Exchange and approximately USD 1 million for Valour Hedera SEK, listed on Sweden’s Spotlight Exchange. DeFi Technologies stated that both transactions were facilitated by its Abu Dhabi workshop, reflecting growing institutional demand for regulated, exchange-traded products providing exposure to Hedera and supporting the growth of its assets under management in the German market.
Related news
SpaceX Previously Sought to Acquire AI Programming Startup Cognition, Both Parties Still Negotiating Cooperation
According to Bloomberg Businessweek, SpaceX approached AI programming startup Cognition to discuss a potential acquisition, but Cognition CEO Scott Wu explicitly stated that the company "will not sell and is not engaged in related negotiations." Sources familiar with the matter revealed that both parties are still discussing collaboration, including the possibility of Cognition using SpaceX's compute resources. Cognition achieved a valuation of $26 billion in a funding round this May and is currently seeking a new round of funding at a valuation of at least $40 billion.
OpenRouter CEO: Stripe Has Signed Agreement to Acquire OpenRouter
Odaily News: OpenRouter CEO Alex Atallah announced that Stripe has signed an agreement to acquire OpenRouter. Upon completion of the transaction, OpenRouter will retain its current name, products, roadmap, and mission unchanged, and will continue to adhere to the principle of model neutrality, with its model routing decisions remaining unaffected by the change in parent company.Atallah stated that OpenRouter currently integrates over 400 AI models, serves more than 10 million developers and enterprises, processes over 10 trillion tokens daily, and has seen its inference volume grow at least 10-fold annually since its inception. Regarding the choice of Stripe, Atallah noted that Stripe possesses a vast customer network, global infrastructure operation experience, and mature fraud and abuse management capabilities, and the combination of the two will enable OpenRouter to expand more rapidly without sacrificing neutrality or its mission.
Metaplanet Will Acquire Controlling Stake in Super League, Plans to Build U.S. Bitcoin Reserve Platform
Metaplanet CEO Simon Gerovich stated that Metaplanet will acquire a controlling stake in Nasdaq-listed company Super League Enterprise (Nasdaq: SLE). Upon completion of the transaction, Super League Enterprise will be renamed Superplanet, Inc. and will be included in the consolidated financial statements as Metaplanet Group's Bitcoin reserve platform in the United States.
Morgan Stanley: Silver Lake in Talks to Acquire Workday, Software Stock Valuations Cheap Enough for PE to Step In Again
According to TechFlow Research, Morgan Stanley's August 16 research report noted that Reuters reported PE giant Silver Lake is in talks to acquire Workday, driving a collective surge in the software sector last Friday. Workday has a market cap of approximately $50 billion. If acquired at a 30% to 40% premium, the valuation would be approximately 5x 2027 P/S ratio and 16x 2027 free cash flow, both below historical averages. Morgan Stanley believes this indicates software stocks may have become cheap enough to entice PE firms to re-enter the market; if the deal materializes, it will boost sector valuations. The report also noted that while open-source models suppress token prices, hyperscalers can still maintain 20% to 60% ROIC on their proprietary compute. Investor surveys show 52% expect increased divergence within software stocks, with bulls numbering approximately twice that of bears. Morgan Stanley expects Cursor's annualized ARR to reach $8 billion by year-end and $33 billion by 2030, maintaining an Underweight rating on Netcompany. PE returning to acquisitions, cost layering of open-source models, and investor confidence repair—these three signals indicate software sector valuations have been compressed to a critical point.
Goldman Sachs Plans to Acquire ETF Issuer Neos Investments for $2.3 Billion
According to Bloomberg, Goldman Sachs Group announced it will acquire ETF issuer Neos Investments for up to $2.25 billion in cash and stock to expand its footprint in the actively managed ETF market. Neos owns nearly 20 option income ETF products, with assets under management of approximately $32 billion. The acquisition is led by Marc Nachmann, head of Goldman Sachs Asset Management.
eToro Plans to Acquire Online Broker TradeZero for Up to $231 Million
According to Reuters, eToro announced it has agreed to acquire US online broker TradeZero in a cash-and-stock deal, with a total transaction value of up to $231 million, aiming to accelerate its expansion in the US market. The acquisition of TradeZero is expected to expand eToro's retail customer base and enhance its trading infrastructure capabilities. eToro CEO Yoni Assia said the deal will be an important step for the company in building its US business, helping to launch new products to US users faster and improve service capabilities.