TPG Closes Climate Funds at $10.4 Billion
TPG has finished fundraising for Rise Climate II and its Global South Initiative. The Global South strategy reached its $2.5 billion target.
Corporate Strategy
Rivian to License Its AI Assistant to Volkswagen Group
The Rivian and Volkswagen joint venture now covers elements of Rivian's AI voice assistant, according to Rivian's third-quarter investor presentation. Fees and vehicles were not disclosed.
Salesforce to Acquire Defense Logistics Firm Rune
Salesforce signed a deal for Rune Technologies, whose software serves U.S. Army and Marine Corps units working with little or no connectivity. It calls the purchase its largest national security acquisition.
IDBI Bank Staff Forum Fights Fairfax Stake Sale
The United Forum of IDBI Officers and Employees wants the sale of a majority stake to Canada's Fairfax suspended and reviewed by Parliament. The government approved the roughly Rs 53,000 crore deal on October 14.
DuPont Gets SBTi Validation for 2035 and 2050 Climate Goals
The Science Based Targets initiative has validated DuPont's net-zero plan, including cuts of 83% and 63% by 2035. The company says it already beat its earlier 2030 target.
ADT Agrees to $15.3B Sale to Thrive Holdings
Thrive Holdings will pay $10 a share in cash for the home security provider, with Apollo-managed funds supplying the financing. A 30-day window lets ADT seek rival bids.