strategic acquisition

Reitar Logtech (RITR) is spinning off its logistics automation segment to foster growth and increase shareholder value. The spin-off will create a new entity focusing on smart warehousing, hardware/software solutions, and data-driven technologies. This strategic move aims to attract partnerships and capital, solidifying Reitar’s leadership in smart logistics and advancing its “MIS” strategy of Mergers & Acquisitions, Integration, and Spin-offs.

OpenAI announced plans to acquire AI hardware startup io, founded by Apple’s ex-design chief Jony Ive, in an all-stock deal worth $6.5 billion, marking its largest acquisition to date. The agreement includes $5 billion for io’s equity and leverages OpenAI’s existing 23% stake. io’s 55-member team will join a new OpenAI division to develop AI devices conceptualized during Ive and CEO Sam Altman’s two-year collaboration. Ive will lead creative direction for next-gen ChatGPT interfaces and ambient computing products, aligning with his minimalist tech philosophy. Altman suggested a late-2026 launch, positioning the partnership as a response to Big Tech’s AI hardware efforts. The deal represents Ive’s return to consumer tech post-Apple.