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MERGE AND ACQUISITION
Salesforce to buy Rune in its most significant national security deal
Resilience Media reports Salesforce is paying $375m in cash and shares for Rune. The US Army and Marine Corps already use its software, and the Army awarded it a $99m contract in June.
INVESTORS AND FUNDING
Baseten set to more than double its value to $30bn, Bloomberg reports
Sands Capital is set to lead, with the round split between $26bn and $30bn prices. Baseten’s valuation stood at $13bn in June, after a $1.5bn round.
BUSINESS APPS
Slack’s founder got one hour with Benioff before the $27.7bn sale
Butterfield left after Salesforce put him on a Davos panel with will.i.am. Slack co-founder Cal Henderson says Salesforce’s sales team didn’t use or understand Slack.
XAI
Judge rejects xAI’s bid to dismiss NAACP lawsuit over its gas turbines
The NAACP lawsuit targets the Southaven plant that powers xAI’s Colossus 2. The same court refused a Justice Department bid to end the case on 19 October.
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