GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.

Latest purchases take value of deals to leave capital’s stock market this year past $100bn

Three more London-listed companies are set to be taken over as the value of deals removing firms from the capital’s under-pressure stock market so far this year passes $100bn (£74bn).

On Tuesday, Bodycote, the FTSE 250 industrials group that has been listed on the London Stock Exchange since 1972, agreed a £1.84bn takeover by the US private equity group Veritas.

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© Photograph: Jack Taylor/Reuters

© Photograph: Jack Taylor/Reuters

© Photograph: Jack Taylor/Reuters

Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell company

The German-based financial services company ⁠Allianz is considering a £5bn takeover swoop for AA, ⁠the breakdown ⁠recovery ​group, Sky News has reported.

Allianz was ‌one of a small number of parties holding talks with advisers to AA about a deal, Sky News said, adding that ‌the private equity outfit EQT was another bidder.

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© Photograph: ZarkePix/Alamy

© Photograph: ZarkePix/Alamy

© Photograph: ZarkePix/Alamy

Lica co-founders are going to work on Gamma's new research team.

Hugging Face has reportedly been fielding acquisition offers that would value the company at around $13B. But with the founders' feeling of responsibility to community, doubts arise as to whether a sale will happen.

Berry Street founder Noah Kotlove and Healthify founder Tushar Vashisht will act as co-CEOs of the new entity.