Getty Images announces cancellation of merger plans with Shutterstock
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Getty Images terminates merger agreement with Shutterstock
According to a filing with the SEC, Getty Images has terminated its merger agreement with Shutterstock. The filing states that Getty Images served Shutterstock with a written notice of termination on July 7, pursuant to the terms of the merger agreement, and the termination became effective immediately upon the service of the notice. Following the termination of the merger agreement, Getty Images' 10.500% senior secured notes due in 2030 will be redeemed in accordance with the terms of their respective indentures. (Jiemian)
Blue Arrow Electronics: Plans to apply for a merger and acquisition loan of no more than 235 million yuan to acquire equity in Chengdu Xinyi.
Mars Finance News, July 6th - Blue Arrow Electronics (301348.SZ) announced that its board of directors has approved an application for a merger and acquisition loan of no more than 235 million yuan from the Foshan branch of China Merchants Bank. This loan will be used to pay for the acquisition of a 60% stake in Chengdu Xinyi Technology Co., Ltd., and the company will pledge this stake. (Company Announcement)
Will China Resources New Energy complete its merger and reorganization to jointly pursue a Shenzhen Stock Exchange listing? China Government-Enterprise Cooperation Fund responds.
Mars Finance reported on July 8th that China Government-Enterprise Cooperation Investment Fund Co., Ltd. (hereinafter referred to as "China Government-Enterprise Cooperation Fund") recently issued a statement saying that the company has noticed a false report circulating online titled "China Resources New Energy Holdings Co., Ltd. and China Government-Enterprise Cooperation Investment Fund Co., Ltd. Complete Merger and Acquisition to Jointly Pursue Listing on the Shenzhen Stock Exchange." The report is entirely false information and seriously contradicts the company's actual situation. According to China Government-Enterprise Cooperation Fund, since its establishment, all of its business activities have strictly complied with national laws, regulations, and regulatory requirements, and it has never conducted or authorized any entity to conduct any activities mentioned in the aforementioned false report. The company is not currently planning any mergers and acquisitions, restructuring, listing applications, or other capital operations, nor has it formulated any corresponding implementation plans. China Government-Enterprise Cooperation Fund also stated that it reserves the right to pursue legal action against any entity that forges or alters the company's seals, business licenses, or authorization documents, or impersonates the company or its employees to release false information, engage in fraud, or commit any other illegal acts that infringe upon the company's legitimate rights and interests. (Wide Angle Observation)
Perplexity announces it will use Nvidia's new CPU.
Mars Finance reports that AI startup Perplexity announced on Tuesday its plans to use Nvidia's new CPU chips. Nvidia has stated that it expects sales of its general-purpose Vera CPUs to reach $20 billion by the end of this fiscal year. Perplexity declined to disclose how many Nvidia CPUs it plans to purchase. However, Nvidia has previously revealed that OpenAI, Anthropic, and Oracle also plan to use its CPUs. (Cailian Press)
The logic behind a SpaceX-Tesla merger has been reinforced, with the question of "when to merge" becoming a focal point of discussion.
Odaily Odaily that ten years ago, Musk believed SpaceX and Tesla had a "weak connection" and insufficient justification for a merger. Now, market discussions have shifted from "whether they will merge" to "when they will merge," with long-term investors believing a merger is inevitable. While Musk hasn't publicly confirmed it, he frequently mentions the "integration" of his businesses, and SpaceX has hinted in filings about a possible large-scale share issuance, fueling speculation about a deal. Both companies have been transitioning towards AI in recent years: Tesla is betting on self-driving cars and humanoid robots, while SpaceX acquired xAI and plans to deploy a space data center. AI is expected to become SpaceX's largest revenue source starting this year. The business ties between the two companies have clearly strengthened; SpaceX disclosed that it purchases batteries and Cybertrucks from Tesla, and Tesla indirectly holds SpaceX equity through the xAI acquisition. Although Musk denied the merger logic a decade ago, in 2025 he acknowledged synergies among the three companies in the field of solar-powered AI satellites—a key technology he sees as "accessing large amounts of solar energy." (Jinshi)
Animoca puts Currenc merger on ice, delaying its Nasdaq debut
Animoca Brands suspended its reverse merger talks with Currenc but said it remains committed to pursuing a listing on a major exchange.