Former Formula One boss Eddie Jordan and his Irish business partner Keith O’Loughlin are the preferred bidders to acquire Cork AI firm Altada. Staff in the company were informed this lunchtime that the receiver to the company Nicholas O’Dwyer, a partner with Grant Thornton, had selected a preferred bidder for the company. The preferred bid is conditional on the support of staff. Some staff have signalled that they would prefer to support a different bidder, but the situation is fluid as more information emerges. There are at least two other solid bids for the company which has attracted considerable attention.…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.