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IBM Acquires Hakkoda to Enhance AI Consulting Services
IBM Acquires Hakkoda to Enhance AI Consulting Services
IBM has officially acquired Hakkoda, a New York-based data and AI consultancy, to bolster its consulting capabilities across various sectors, including finance and healthcare. This acquisition is part of IBM's ongoing investment strategy in AI technologies, aiming to deliver quicker and more effective solutions to clients. Hakkoda, co-founded by Erik Duffield in 2021, specializes in cloud data migration and has raised $5.6 million in venture capital. The deal will integrate Hakkoda's consultants into IBM’s consulting division, further enhancing its service offerings.
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Getty Images and Shutterstock Join Forces in $3.7B Merger
Getty Images and Shutterstock Join Forces in $3.7B Merger
Getty Images has announced a merger with Shutterstock in a cash-and-stock deal valued at approximately $3.7 billion. The combined company will retain the Getty Images name, with Getty shareholders owning about 54.7% and Shutterstock shareholders 45.3%. This strategic move comes amid the evolving landscape of the stock image industry, where AI presents both challenges and opportunities. The merger could potentially attract antitrust scrutiny as it consolidates two major players in the market. Getty CEO Craig Peters highlights the merger's potential to enhance content offerings and technology.
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Disney to Merge Hulu Live TV with Fubo in Major Streaming Move
Disney to Merge Hulu Live TV with Fubo in Major Streaming Move
In a landmark deal, Disney will merge its Hulu Live TV service with Fubo, a leading live TV streaming platform recognized for its sports coverage. Disney will hold approximately 70% ownership of Fubo, which will continue to operate as a separate entity. This merger, anticipated to disrupt the streaming landscape, combines their subscriber bases, totaling 6.2 million, to compete against YouTube TV's 8 million subscribers. The agreement resolves Fubo's legal disputes with ESPN, Fox, and Warner Bros. Discovery, which will collectively pay $220 million as part of the deal.
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