Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
Microsoft (NASDAQ:MSFT) will add $150M to its diversity and inclusion investments and double the number of Black and African Americans employees in senior and leadership positions by 2025.
The tech giant will double the number of Black- and African American-owned suppliers it uses over the next three years and spend an incremental $500M with those suppliers.
Microsoft will create a $100M program that will make an initial investment in collaborating with the FDIC to target Minority Owned Depositary Institutions.
Over the next three years, Microsoft will double the percentage of transaction volumes through Black- and African American-owned banks.
A $50M fund will invest in Black- and African American-owned small businesses.
NBCUniversal (CMCSA +2.6%) streaming service Peacock has a deal with Google (GOOG +1.5%, GOOGL +1.5%) for app support on Android mobile devices along with Android TV, and Chromecast.
It will make Peacock playable on Chromebooks at the July 15 launch, and Android mobile/TV users will have free access to paid service Peacock Premium through Oct. 15.
Peacock Premium launched free to Comcast’s own pay TV subscribers in April.
Following other deals with Apple and Microsoft, it leaves Peacock with no current deal on Roku (ROKU -0.8%) or Amazon Fire TV (AMZN +2.3%), with the launch just three weeks away. (HBO Max (T +1.4%) is in the same boat.)
Dell’s (NYSE:DELL) options for its 81% VMware (NYSE:VMW) stake include a potential spinoff or purchasing the rest of the company, according to WSJ sources.
Dell’s VMware stake is worth roughly $50B.
The companies are working with advisers, but the review is in the early stages and it’s possible no decision will be made.
Dell shares are up 13.3% after hours, while VMware gains 7%.
Maxar Technologies (NYSE:MAXR) says it intends to acquire 3-D data and analytics firm Vricon for about $140M.
The company will exercise a call option to take full ownership of Vricon (formed as a joint venture between Maxar and Saab) for an estimated $115M net of estimated cash at closing.
Vricon’s products are strongly aligned with Maxar’s Earth Intelligence growth strategy and priority mission areas outlined in the U.S. National Defense Strategy, Maxar says.
To fund the deal, Maxar will issue $150M in new senior secured notes, and it will also repurchase $150M in existing notes using proceeds from the sale of its MDA business.
The company intends to appoint Vricon Chairman Gilman Louie to its own board once the transaction closes.
Maxar expects it will exercise its call option on or about June 25 (Thursday) and will close the deal in July.
It’s hosting a conference call at 8:30 a.m. ET tomorrow to discuss the call option.
Starting in 2024, next-generation Mercedes-Benz vehicles will feature the in-vehicle computing and AI computing infrastructure co-developed with Nvidia (NVDA +0.3%).
The software-designed architecture will be built on the NVIDIA DRIVE platform. Features will include the ability to automate driving of regular routes and “numerous safety and convenience applications.”
Customers will be able to purchase and add capabilities, software apps, and subscription services through the car’s software updates.
Financial terms of the deal weren’t disclosed.
