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Will Vertiv Holdings (VRT)’s $1.45 Billion UIG Deal Accelerate its AI Infrastructure Growth?
Insider Monkey1d agoneutral
Will Vertiv Holdings (VRT)’s $1.45 Billion UIG Deal Accelerate its AI Infrastructure Growth?

On September 2, Vertiv Holdings Co (NYSE:VRT) agreed to acquire Utility Innovation Holdings, Inc. (operating as UtilityInnovation Group or UIG) for approximately $1.45 billion in cash at closing. The deal includes up to $1.15 billion in performance-based cash earnouts over 12- and 24-month periods tied to EBITDA targets. At the initial purchase price, the transaction […]

Investing.com1d agoneutral
Blue Origin raises $10B as Bezos’ total investment hits $32B - WSJ

Investing.com -- Jeff Bezos is doubling down on his ambitions in the space race. According to details reported by the Wall Street Journal, the Amazon founder has now poured a staggering $32 billion into Blue Origin since its founding in 2000, funding the venture through strategic sell-offs of his Amazon stock.