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Tech Giant SoftWave Acquires CloudX in $12 Billion Mega Deal

Summary

SoftWave Technologies announced its acquisition of CloudX Solutions for $12 billion today, creating one of the largest cloud computing firms globally. The deal, finalized on Februa

SoftWave Technologies announced its acquisition of CloudX Solutions for $12 billion today, creating one of the largest cloud computing firms globally. The deal, finalized on February 19, 2026, will expand SoftWave’s cloud infrastructure and service offerings across Asia and North America. Analysts expect the merger to intensify competition with current market leaders like Amazon Web Services. SoftWave CEO stated the acquisition aligns with their strategy to lead in AI-driven cloud services, Bloomberg reported. The transaction is expected to close by Q3 2026 after regulatory approvals.
3d agoVerified by Sobiya
Tech Giant SoftWave Acquires CloudX in $12 Billion Mega Deal

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