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Acquisitions accelerate as tech giants seek to build AI smarts


SAN FRANCISCO A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.


In Aramco IPO pitch, Canada plays up its natural resources expertise 10:06am BST

((This May 26th story corrects paragraph 12 to show Falih was speaking at news conference not to Reuters and adds comment on listing))

Sherwin-Williams wins U.S. antitrust approval to buy Valspar: FTC 26 May 2017

WASHINGTON Paint-maker Sherwin-Williams has won U.S. antitrust approval to buy U.S. rival Valspar Corp , the Federal Trade Commission said on Friday.


Linde board to vote on Praxair merger on June 1: sources 26 May 2017

MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.


PepsiCo in bid to acquire Vita Coco owner: sources 26 May 2017

Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.


UK's Sainsbury's exploring bid for Palmer & Harvey: Sky News 26 May 2017

LONDON Sainsbury's , Britain's second largest supermarket group, is in the early stages of examining a takeover bid for tobacco distributor Palmer & Harvey, Sky News reported.


Sharp forecasts first profit in four years, confirms Toshiba chip bid 26 May 2017

CHIBA Japan's Sharp Corp on Friday forecast its first net profit in four years following cost-cutting under new Taiwanese owner Hon Hai Precision Industry Co Ltd (Foxconn) , and said it would resume making active investments.


Safran investor TCI says reduced offer for Zodiac still too high 26 May 2017

LONDON UK hedge fund TCI said aero engine maker Safran's reduced offer for Zodiac Aerospace was still too high and it would vote against the deal.


Temasek's venture arm Vertex to launch new Israel, U.S. funds in 2018: CEO 26 May 2017

HONG KONG Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, its chief executive said on Friday.


Russian state fund could invest in miner Polyus with China's Fosun: source 26 May 2017

MOSCOW/HONG KONG The state-backed Russian Direct Investment Fund (RDIF) and China's Fosun International Ltd could announce an investment in Russia's top gold producer Polyus in early June, a source familiar with the talks told Reuters.

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