Section
Corporate
Companies, governance, strategy, leadership, transactions and organisational transformation.
36 published articles
Featured
Meta: The Company Beyond the Algorithm
Since the rise of generative artificial intelligence, Meta has been progressively reorganizing its workforce, investments, and industrial ambitions. Behind the layoffs, the concentration of research capabilities, and the expansion of data centers lies a deeper transformation: tha
AnalysisRecent publications
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CorporateSaudi Arabia–Italy: Finance in the Service of Industry
International finance is gradually changing its function. Long regarded primarily as a mechanism for facilitating trade and investment, it is increasingly becoming a means of organizing industrial relationships between countries. Capital, public guarantees, and productive capabil
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CorporateMarvell–Lumentum: The Battle for AI Connectivity
Artificial intelligence was initially presented as a competition to develop the world's most powerful processors. It is increasingly becoming a battle over the infrastructure connecting those processors.
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CorporateCCF: The Time Horizon of Banks and Investment Funds
Less than three years after acquiring HSBC's French retail banking operations, American investment firm Cerberus is reportedly considering selling Groupe CCF.
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CorporateLNG Canada: Capital Changes Hands
Mitsubishi's sale of an indirect stake in LNG Canada to Blackstone illustrates a profound transformation in the financing of energy infrastructure. Behind a transaction valued by the Japanese group at approximately $1.6 billion lies a model in which industrial companies retain th
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CorporateBP–Castrol: The Reshaping of an Energy Giant
The sale of a controlling stake in Castrol to US investment firm Stonepeak illustrates a profound transformation of the energy industry. Between debt reduction, strategic refocusing and the growing influence of private capital, BP is redefining the boundaries of its industrial po
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CorporateAffle–Perion: Consolidation Through Artificial Intelligence
Indian technology group Affle has entered into a definitive agreement to acquire Israeli advertising technology company Perion Network for approximately $420 million. Behind this cross-border transaction, which is expected to result in Perion's delisting from the US and Israeli s
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CorporateOpenAI: From Research to Power
Founded in 2015 to develop artificial intelligence for the benefit of humanity, OpenAI has become one of the leading forces behind a global technological transformation. From its earliest research to ChatGPT, from its partnership with Microsoft to its historic fundraising rounds,
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CorporateCohere: A C$36 Billion Valuation and the Rise of Transatlantic AI Sovereignty
Canada is preparing to invest up to C$1.6 billion in Cohere as part of a financing round led by Germany’s Schwarz Group and targeting C$7 billion. Beyond the headline valuation, the transaction points to a larger ambition: bringing together public capital, European industrial inf
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CorporateNvidia–Hugging Face: Washington Questions Who Controls AI’s Invisible Infrastructure
The US antitrust scrutiny of Nvidia’s $12.93 billion acquisition of Hugging Face reveals a strategic issue extending far beyond the semiconductor industry: who controls the platforms through which artificial intelligence models, data, and development tools circulate? Artificial i
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CorporateThyssenkrupp: tk accelis Listing Accelerates the Transformation of Germany’s Industrial Conglomerate
The stock market debut of tk accelis marks another milestone in Thyssenkrupp’s restructuring. Beyond the financial transaction lies a more fundamental transformation: the evolution of a historic industrial conglomerate into a holding company overseeing increasingly autonomous bus
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CorporateEQT–Range Resources: A $50 Billion Merger to Reshape America's Natural Gas Industry
Across the Appalachian Basin, stretching through Pennsylvania, Ohio, and West Virginia, a major transformation is unfolding in the American energy industry. The vast natural gas reserves that helped drive the shale revolution are becoming the foundation of a new industrial struct
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CorporateApplied Materials–Besi: The Battle for the Technologies Behind Tomorrow’s Chips
Applied Materials has agreed to increase its stake in Dutch semiconductor equipment manufacturer Besi from 9% to approximately 20%. Behind this investment lies a much larger industrial contest: the race to master the technologies that will connect processors, memory and other com