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Cloudflare Acquires Open-Source Software Firm VoidZero
Cloudflare (NET) has acquired open-source software firm VoidZero, the cloud services provider said Thursday.Financial terms were not disclosed.The acquisition includes VoidZero's Vite build tool, Vitest test runner, Rust-based Rolldown bundler, and tOxc toolchain, Cloudflare said.As part of the deal, VoidZero's team of open source creators and Rust optimization specialists, will join Cloudflare's Emerging Technology and Incubation unit, the company said.Cloudflare also said it is committing $1 million to support community maintainers and contributors who are independent of VoidZero and Cloudflare.Shares of Cloudflare were down nearly 3% in early Thursday trading.Price: $257.44, Change: $-7.89, Percent Change: -2.97%
$NET
Wire
Xerox Shareholder STARTEEPO Invest Increases Stake to More Than 6%
Xerox Holdings (XRX) shareholder STARTEEPO Invest has increased its stake in the company to more than 6%, the Prague-based alternative investment fund said Thursday.STARTEEPO said it now owns about 8 million Xerox shares and holds options on an additional 140,000 shares, making it Xerox's third largest shareholder.The fund said it remains a "constructive long-term shareholder" in Xerox and it may continue to engage with management and the board on opportunities to enhance shareholder value.Xerox shares were 3.4% higher in Thursday trading.Price: $3.24, Change: $-0.01, Percent Change: -0.31%
$XRX
Wire
Affirm, CPP Investments Extend Longstanding Loan Purchase Agreement
Affirm (AFRM) and Canada Pension Plan Investment Board said Thursday that they have renewed and expanded their forward-flow agreement for consumer installment loans.Affirm will receive a $1.7 billion commitment from CPP Investments to purchase its loans under a 24-month arrangement, with the potential to increase the commitment to $2.2 billion, the company said.The agreement is expected to support $8 billion in consumer loan volume over its term.Shares of Affirm were up more than 1% in recent Thursday trading.Price: $66.22, Change: $-0.05, Percent Change: -0.08%
$AFRM