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PRESS DIGEST-Financial Times - April 1

ReutersApr 1, 2025 2:09 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Rocket to buy Mr Cooper in $9.4 billion deal to create US mortgage giant

- OpenAI secures $300 billion valuation after $40 billion SoftBank-led funding round

- British Steel's auditors warn of 'material uncertainty' as it battles to survive

- Aston Martin to raise more than 125 million pounds amid US tariff threat

Overview

- Rocket Companies RKT.N said on Monday it would buy home loan service provider Mr Cooper Group COOP.O for $9.4 billion, boosting its mortgages business in its second big deal this month to take advantage of a rebound in U.S. housing demand.

- OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group 9984.T at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.

- British Steel's auditor has warned the company faces "material uncertainty" and requires "further future funding" if it is to survive.

- Aston Martin AML.L will raise more than 125 million pounds ($161.45 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and tariffs imposed by U.S. President Donald Trump.

($1 = 0.7742 pounds)

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