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The 'SaaSpocalypse' is over, says private equity giant Thoma Bravo. Here's why it sees an AI boom for software

The "SaaSpocalypse" is over, and AI now offers software companies an "enormous tailwind," the founder and managing partner of private equity giant Thoma Bravo has said. Software-as-a-Service stocks came under pressure in February, when Anthropic triggered a rapid sell-off by unveiling advanced AI tools for its Claude co-working agent, fueling investor fears of a "SaaSpocalypse" for the sector. But Orlando Bravo, founder and managing partner of Thoma Bravo, told CNBC that saying investors are...

CNBC 23h ago

Investment firm Permira taps Thoma Bravo veteran Mike Hoffmann as part of AI dealmaking push

Investment firm Permira taps Thoma Bravo veteran Mike Hoffmann as part of AI dealmaking push NEW YORK, June 1 : Global investment firm Permira has added Thoma Bravo’s Mike Hoffmann as a partner on its technology team as the firm looks to step up large technology dealmaking ahead of an expected AI‑driven M&A wave, Permira executives exclusively told Reuters. Hoffmann will join the global investment firm on Monday as a partner based in Menlo Park, California, bringing more than 15 years of...

Channel News Asia 8d ago

Crossword editor’s desk: celebrating 30,000 cryptics with a treasure hunt

A breadcrumb trail of secret messages spanning two years, dozens of puzzles and the Guardian’s leader column led solvers to a very special prize …Last time, we shared some old milestone puzzles in anticipation of Guardian cryptic No 30,000. That crossword has since been published: and here, in the order it happened (that is, how solvers experienced it but in reverse), is its tale.29581 WELLDONE 29587 BRAVO 29599 HERE 29611 INCONCLUSION 29629 ISOURF 29633 INALCH 29641 ALLENG 29663 EAREYOU...

The Guardian UK 8d ago

AEW to hold Survival of the Fittest match for TBS Championship as 'Collision' ends in chaos

All Elite Wrestling (AEW) star Willow Nightingale was forced to relinquish her TBS Championship due to an injury, which also forced her out of the Owen Hart Tournament. A new champion will be crowned in the near future as it was announced Saturday on "Collision" that a Survival of the Fittest match will take place in AEW for the first time. TAKE THE DON'T @ ME PODCAST ON THE ROAD.

Fox News 9d ago

Peacock Promo Codes: 40% Off June 2026

Named after NBC’s iconic logo, Peacock is a video streaming service primarily featuring series and film content from NBC Universal studios, as well as news and sports programming. Premium tiers include a larger content library and access to additional NBC Sports, Hallmark Channel, and WWE content—yes, we’re talkin’ wrasslin.’ And right now, you can get access to all those programs with a Peacock Premium subscription.

Wired 7d ago

Silicon Valley’s new buyout playbook is hitting Wall Street

Venture capital is buying its way into the artificial intelligence transformation that enterprise software hasn't delivered. Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside. The bet puts VCs on offense and leaves traditional private equity, which spent the last cycle buying enterprise software at peak prices, on defense.

CNBC 1d ago

The secret underground system keeping the Grand Canyon alive

The secret underground system keeping the Grand Canyon alive - Date: - June 2, 2026 - Source: - Northern Arizona University - Summary: - Scientists are venturing into the Grand Canyon’s hidden cave networks to solve a mystery: how snowmelt travels underground to supply the park’s vital springs. Their discoveries could help protect the canyon’s water from drought, contamination, and other growing threats. - Share: Every year, millions of people visiting Grand Canyon National Park stop at one...

Science Daily 7d ago

Popeyes takes over famous $150 chicken tender tower at Hamptons celebrity hotspot

The Surf Lodge in the Hamptons is famous for its chicken tender tower, and now the celebrity hotspot has teamed up with Popeyes to bring an "elevated" Louisiana-style eating experience to guests. The partnership marks a "first-of-its-kind" collaboration between Popeyes and The Surf Lodge for summer, according to a news release from the fast-food chain. Recently, the Lodge's $150 chicken tender tower — served with fries and dipping sauces — attracted a cult following.

Fox News 4d ago

Pro wrestling fans go wild for mask vs mask match as wild AAA feud comes to extraordinary finish

For pro wrestling fans, it’s easy to criticize when things are off the mark or if the crescendo of a storyline fails to meet lofty expectations. The naysayers log on consistently and the criticism is often louder and more overblown when those things happen. It was safe to say that Saturday’s night end to the storyline between El Grande Americano and Original El Grande Americano at AAA Lucha Libre Worldwide’s Noche de Los Grandes surpassed expectations and fermented itself as one of the best...

Fox News 9d ago

Talking Shop with Paige DeSorbo of ‘Summer House’ and ‘Giggly Squad’

Talking Shop is our series where we talk to interesting people about their most interesting buys. I’m fairly certain that everyone who’s followed Paige DeSorbo for years had the same reaction when she launched Daphne, a loungewear line, in 2025: That makes perfect sense. It combined her impeccable fashion taste and her love for cozying up in bed (plus it gave a nod to her cat, the brand’s namesake) — all things she’s famous for.

NBC News 3d ago