CrowdStrike founder and CEO George Kurtz has officially bought into the Mercedes Formula One team, acquiring 15% of the one-third stake held by team principal Toto Wolff, the parties announced Thursday. Media reports indicate that the deal values the former champions at a record $6 billion.

Delta Air Lines can pursue much of its lawsuit seeking to hold cybersecurity company CrowdStrike liable for a massive computer outage last July that caused the carrier to cancel 7,000 flights, a Georgia state judge ruled.

US-based cybersecurity company CrowdStrike announced plans to eliminate 500 positions, equivalent to about 5% of its global workforce, the company said in a securities filing.

CrowdStrike Holdings Inc. saw its stock fall in early trading on Wednesday after the cybersecurity firm issued a lower-than-expected earnings forecast for the fiscal fourth quarter.

Google-parent Alphabet (GOOGL.O), opens new tab cut its stake in cybersecurity company Crowdstrike (CRWD.O), opens new tab, according to a regulatory filing on Friday, much before the July 19 outage triggered by a software update.

Stock futures dipped marginally on Tuesday morning as investors awaited key corporate earnings reports and the start of the Federal Reserve’s policy meeting.

A week after a faulty update caused a global IT outage affecting flights and TV stations, CrowdStrike CEO George Kurtz announced that nearly all impacted systems are back online.

CrowdStrike said Wednesday a content configuration update affected the Falcon Sensor, which protects key risk areas, and the Windows Operating System caused a global IT outage last week, News.Az reports citing Anadolu Agency.

Insurers could withstand preliminary loss estimates from the recent software incident at US-based cybersecurity provider CrowdStrike, Fitch Ratings said Monday, News.Az reports citing Anadolu Agency.