In November, the Taiwanese semiconductor wafer company GlobalWafers made an offer to acquire its German rival Siltronic for 125 Euros ($149.70) per share, a price that amounted to about 3.75 billion Euros ($4.5 billion) when the deal was announced. After GlobalWafers proposed its offer, Siltronic shortly after accepted , clinching one of the biggest deals in the semiconductor industry as of late. Now, GlobalWafers has apparently seen fit to sweeten its takeover bid for Siltronic and boosted the proposed price from 125 euros per share to 145 euros ($176.53) per share, adding up to a price of $5.3 billion. It's a 16% increase from the previous price and a 28% premium to Siltronic's closing price on November 27, the day GlobalWafers formally announced its takeover offer for the company. As it looks, Siltronic's management team and board are cheering up to GlobalWafers' sweetened offer, stating that the company "considers the tender offer attractive". A $5.3 bil
Globality, a Menlo Park-based startup providing an 'AI-powered' marketplace used by enterprises for sourcing strategic services, has raised a fresh Series E funding round of $138 million from two investors; Sienna Capital and the SoftBank Vision Fund. Sienna Capital is a subsidiary of the publicly-traded Belgian holding company Groupe Bruxelles Lambert (GBL). Sienna Capital is a new investor in Globality whereas the SoftBank Vision Fund is a returning investor. With the new funding round, Globality has now raised a total of $310 million in venture funding. Globality provides a marketplace used by enterprises to source strategic services. The company bills its platform as AI-powered, matching companies with strategic suppliers with the help of artificial intelligence. Globality was founded in 2015. The company raised its first venture round of $10 million in March 2015, then $27.25 million in December that same year, $35 million in March 2017, and a $100 million round in Januar