TECH NEWS

M&A: The art of the deal

The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.

Automotive Components: RSB Transmissions Strengthens Automotive Platform with Acquisition of Setco Auto Systems

RSB Transmissions (RSB), a Bain Capital-backed automotive components platform, has completed the acquisition of Setco Auto Systems (SASPL), a supplier of MHCV clutch systems and aftermarket drivetrain solutions. SASPL was a material subsidiary of Setco Automotive Limited (SAL).

Commenting on the transaction, R.K. Behera, Chairman at RSB Group said: “We are excited to partner with SASPL and build on its strong manufacturing foundation, customer-first approach and market presence. This acquisition represents a significant milestone in executing our platform strategy, reinforcing our commitment to creating a differentiated, systems-led automotive components player. We see a compelling strategic fit across operational capabilities, product scope, and customer reach, with multiple levers to drive synergies and sustainable value creation for all...

Copyright of this story solely belongs to thetechpanda.com. To see the full text click HERE

https://www.zdnet.com/a/img/resize/bd845db6b974c2be96dc90e50c5a0fcc4e903463/2026/06/04/01f6db10-0f34-4c7a-acd5-62e3e534d659/2.jpg?auto=webp&fit=crop&height=675&width=1200

I tried Google Drive's new AI cleanup tool to fix 14 years of storage clutter - here's the result

Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways * Gemini can suggest Drive file moves and new folders. * Organize My Files requires Workspace or Google AI access. * The tool is useful but still feels limited and unfinished. I'm an Apple person. I&

https://media.thenextweb.com/2026/06/meta-employee-tracking-opt-out-30-minutes.avif

Meta will let employees stop being tracked, for 30 minutes at a time

TL;DR Meta is scaling back its employee keystroke and mouse-click tracking programme after 1,500 workers signed a petition. New controls let employees pause tracking for 30 minutes at a time, but the programme itself continues. When Meta announced in April that it would install software on US employees’

https://media.thenextweb.com/2026/06/Databricks-CEO-Ali-Ghodsi.avif

Databricks CEO calls 2026 “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb $200 billion in IPO capital

TL;DR Databricks CEO Ali Ghodsi said 2026 is “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb over $200 billion in IPO capital. The $134 billion data company will wait for a quieter window. Three companies are preparing to enter public markets this year

https://media.thenextweb.com/2026/04/anthropic-claude-opus-4-7-coding-agentic-benchmarks-release.avif

A single GitHub issue could have hijacked Anthropic’s own Claude Code action and poisoned every project that uses it

TL;DR A flaw in Anthropic’s Claude Code GitHub Action let attackers bypass permission checks via a fake bot account and use prompt injection to steal OIDC tokens, gaining write access to any vulnerable repository. Anthropic patched the vulnerability within four days of disclosure. The attack starts with a

Automotive Components: RSB Transmissions Strengthens Automotive Platform with Acquisition of Setco Auto Systems

Read more

I tried Google Drive's new AI cleanup tool to fix 14 years of storage clutter - here's the result

Meta will let employees stop being tracked, for 30 minutes at a time

Databricks CEO calls 2026 “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb $200 billion in IPO capital

A single GitHub issue could have hijacked Anthropic’s own Claude Code action and poisoned every project that uses it