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Perplexity Makes Longshot $34.5 Billion Offer for Chrome

4 months 2 weeks ago
AI startup Perplexity on Tuesday offered to purchase Google's Chrome browser for $34.5 billion as it works to challenge the tech giant's web-search dominance. From a report: Perplexity's offer is significantly more than its own valuation, which is estimated at $18 billion. The company told The Wall Street Journal that several investors including large venture-capital funds had agreed to back the transaction in full. Estimates of Chrome's enterprise value vary widely but recent ones have ranged from $20 billion to $50 billion. U.S. District Judge Amit Mehta is weighing whether to force Google to sell the browser as a means of weakening Google's stranglehold on web search. Mehta last year ruled that Google illegally monopolized the search market and is expected to rule this month on how to restore competition.

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Spirit Airlines Warns It May Not Survive Another Year

4 months 2 weeks ago
Spirit Airlines has warned investors that it may go out of business, just months after exiting bankruptcy. From a report: In a quarterly report filed with the Securities and Exchange Commission on Monday, it said there was "substantial doubt" over its "ability to continue as a going concern within 12 months." The budget airline said it was harder to make money because of weak demand for domestic leisure travel and "elevated domestic capacity," meaning increased competition on such routes. Spirit reported a net loss of $245.8 million for the second quarter of 2025, up from a $192.9 million loss for the second quarter of 2024.

Read more of this story at Slashdot.

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