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IonQ has agreed to buy Elisity in an all-stock deal worth up to $1.3bn. Up to $150mn of that depends on how well Elisity does. The Maryland-based quantum computing company announced the deal on Monday. IonQ wants its security arm to guard against attacks aided by AI and, one day, quantum machines.
BT Group has acquired TalkTalk’s consumer and wholesale businesses out of administration. They have 1.5 million retail customers and 1 million wholesale customers. BT announced the deal on Monday. It said a prolonged sale process for those operations had been unsuccessful.
Grindr has agreed to buy PurposeMed, the company behind HIV prevention service Freddie, for $250mn in cash and stock, it said in a statement on Wednesday. Grindr will pay $190mn in cash and $60mn in shares. Up to $70mn more in cash depends on Freddie hitting targets in 2027.
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