... ServiceNow — Moveworks : The American company ServiceNow acquired the startup Moveworks (an AI platform for enterprise automation) for approximately $2.85 billion, enhancing its products with artificial intelligence capabilities. In addition to these mega-deals, there are also less publicized acquisitions, particularly in AI and cybersecurity sectors. For example, Amazon has entered the race for advanced AI technologies by acquiring the startup Bee , which creates wearable devices with artificial ...

... Melio: New Zealand fintech giant Xero is acquiring American payment service Melio for about $2.5 billion. This deal allows Xero to expand its presence in the U.S. market and combine accounting and payment services for small businesses. Apart from these mega-deals, nearly every week sees announcements of smaller strategic acquisitions, especially in AI and security sectors. For example, Amazon recently joined the race for AI technologies by acquiring startup Bee , which developed a wearable AI gadget ...

... companies and fierce competition for markets are driving the startup ecosystem toward consolidation. Major mergers and acquisitions are once again coming to the forefront, reshaping the power dynamics in the industry. In Southeast Asia, a potential mega-deal is being discussed: the market leader in ride-hailing and delivery, Grab, has resumed negotiations to merge with Indonesian tech holding GoTo. The merger of the two companies, with a combined capitalization of around $25 billion, would create ...

... valuations and stiff competition for markets are pushing the startup ecosystem toward consolidation. Major mergers and acquisitions are once again coming to the forefront, reshaping the power dynamics in the industry. In Southeast Asia, a potential mega-deal is under discussion: the ride-hailing leader Grab has resumed talks to merge with the Indonesian holding company GoTo . The merger of these businesses could create a regional giant dominating the transport, e-commerce, and fintech sectors,...