Sources: software-specialist PE firm Hg agrees to acquire Rightsline, whose software helps Disney, the BBC, WBD, and others manage IP licensing, for $500M (Financial Times)

US chip, memory, and storage stocks fell sharply on Thursday, with Sandisk down 13%, Seagate 10%, Western Digital 9%, and Intel and Micron 6% each (George Steer/Financial Times)

Sources: Coatue is leading a $3B investment in Databricks that values the data analytics software company at $188B, a 40% increase from its December valuation (Wall Street Journal)

The EU accepts X's plan to meet DSA transparency obligations and give researchers access to data, giving X six months to implement it, following a €120M fine (Foo Yun Chee/Reuters)

Sources: Dassault Systèmes is in talks to buy drug trial software maker ArisGlobal from Nordic Capital for about $2B, extending its push into life sciences (Financial Times)

Source: PayPal's board sees Stripe and PE firm Advent International's $53B takeover bid as undervaluing the company and facing regulatory and financing hurdles (Reuters)

Google renames NotebookLM to Gemini Notebook and rolls out an update giving every notebook a secure cloud computer, letting it write and execute code natively (Josh Woodward/Google)