Deals and vendors

News Schneider Electric agrees to buy PTC for $22.6 billion in cash, its largest deal

The $205-a-share offer values PTC at about $23.7 billion including debt. It adds PTC's design and lifecycle software to Schneider's Aveva.

Jordan Hale · October 11, 2026 · 2 min read

News GPU cloud Lambda is raising $4 billion ahead of a 2027 IPO, WSJ reports

Its order backlog jumped from $15 billion in June to $50 billion in September, mostly because of one $35 billion deal with Anthropic.

Jordan Hale · October 11, 2026 · 2 min read