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Just Eat Takeaway has announced its decision to delist from the London Stock Exchange, effective December 27, 2024. The move follows the sale of its US subsidiary Grubhub at a significant loss and aims to reduce administrative burdens and costs associated with maintaining a secondary listing in London.
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Tenstorrent has raised $693 million in a Series D funding round, valuing the AI chip startup at approximately $2.6 billion. Led by Samsung Securities and AFW Partners, the investment aims to enhance Tenstorrent's engineering capabilities and develop AI training servers to compete with Nvidia's dominance in the market.
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Ashtead Group, a major construction rental company, announced plans to shift its primary listing from London to New York, citing that 98% of its profits are generated in North America. This move reflects ongoing trends of UK companies seeking better opportunities abroad, further challenging the London Stock Exchange.
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Vivendi shareholders approved plans to separately list its pay-TV arm Canal+, advertising agency Havas, and publisher Louis Hachette Group. The listings are set to debut on December 16, 2024, with Canal+ leading the way on the London Stock Exchange.
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At a press conference on December 16, 2024, Masayoshi Son, CEO of SoftBank, announced a $100 billion investment in U.S. projects, aiming to create 100,000 jobs, particularly in artificial intelligence. This follows a similar pledge made in 2016, raising questions about the feasibility and impact of such commitments.