a mining collapse and mail sale

STORY: From a mining collapse to a once in a half-millenium takeover, this is the Week in Numbers.

:: $49 billion

$49 billion is the value of BHP’s abandoned takeover plan for Anglo American.

The Australian mining group walked away from its six-week pursuit of its rival after a last-ditch request for more time to finalize a deal was rebuffed.

BHP’s aim was to secure Anglo’s prized copper assets in Latin America.

:: $22.5 billion

$22.5 billion is how much top U.S. independent oil and gas producer ConocoPhillips is paying for Marathon Oil.

The energy industry consolidation wave washed in some $250 billion in mega-deals in 2023.

And the momentum is continuing this year as companies look to bolster reserves and create economies of scale.

:: 14%

14% was the climb in GameStop after it raised $933 million in share sales.

The struggling video game retailer cashed in on a rally in the meme stock earlier this month when its shares briefly surged to nearly six times their value.

:: $24 billion

$24 billion is the new valuation of Elon Musk’s xAI after it raised $6 billion in the latest fundraising round.

Investors are betting big on challengers to companies like OpenAI which Musk cofounded and later quit.

xAI says the funding will help the development of future technologies, including a reported supercomputer.

:: 508

508 is the number of years of Britain’s Royal Mail history, that Czech billionaire Daniel Kretinsky is seeking to secure with a $4.6 billion takeover bid.

The owner of the centuries-old postal service agreed after receiving assurances, including the retention of ‘one-price-goes-anywhere’ deliveries six days a week.