Alex Gabriel Simon / Bloomberg:
Brussels-based telecom operator Proximus Group plans to acquire 58% stake in Indian cloud communication service provider Route Mobile for $721M — – Proximus to make open offer for further 26% stake in Route — Route founders to reinvest $336 million in Proximus Unit
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Stability AI CEO Prem Akkaraju, who was hired in June 2024, says the startup has seen "triple digit growth" and has "a clean balance sheet, no debt" (Kali Hays/Fortune)
Kali Hays / Fortune: Stability AI CEO Prem Akkaraju, who was hired in June 2024, …