Merger Acquisition
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Apple CEO Tim Cook ‘Very Open’ to AI Acquisitions, Plans to Increase Investments: Report
Apple CEO Tim Cook reportedly highlighted that the company is planning to “significantly” increase investments in artificial intelligence (AI) technology. The statements were made on Thursday as part of the CEO's remarks alongside Apple’s third-quarter earnings report. As per the report, the Cupertino-based tech giant is also open to the merg...
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Apple Reportedly in Talks to Acquire Perplexity AI to Strengthen Its Artificial Intelligence Efforts
Apple executives have reportedly discussed the possibility of purchasing Perplexity to alleviate its AI woes. As per the report, the Cupertino-based tech giant has held internal discussions about the acquisition, and it has been weighed by the head of acquisitions and mergers, Adrian Perica. If such a deal goes ahead, the iPhone maker might use the...
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Trump Media to Raise $2.5 Billion to Invest in Bitcoin
Trump Media plans to raise about $2.5 billion (roughly Rs. 21,417 crore) to invest in Bitcoin. The move is part of a recent trend of public companies adding Bitcoin and other cryptocurrencies to their balance sheets to capitalise on rising token prices as the Trump administration embraces digital assets.
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McLaren To Soon Enter Segments Other Than Supercars Under Forseven Merger
McLaren will soon be making more than just mid-engined supercars, as the brand prepares itself for an acquisition by the British startup, Forseven.
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"To Set Record Straight...": Unacademy CEO Denies Reports Of Merger, Acquisition
After reported layoffs of around 250 employees in the latest job cuts, edtech firm Unacademy Co-founder and CEO Gaurav Munjal on Wednesday denied the reports of a possible merger or an outright acquisition, saying "ignore the rumours".
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Sony Sends Termination Letter To Zee Over India Merger: Report
Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up.
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US FTC Argues Microsoft's Deal to Acquire Activision Should Be Temporarily Blocked
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard. The FTC argues it needs a judge to block Microsoft and Activision Blizzard from closing their $69 billion (about Rs. 5,65,921 crore) merger until the agency's in-house ...
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Microsoft Wins Against Gamers Blocking Activision Blizzard Acquisition Deal
Microsoft evaded a potential early legal obstacle in its $69 billion (nearly Rs. 5,71,730 crore) deal to acquire Call of Duty video game maker Activision Blizzard, when a US judge on Friday refused to allow gamers in a private suit to preliminarily block the acquisition. US District Judge said in a ruling that the video gamers had not shown they ...
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US Firm Removes CEO Over Push To Merge With Donald Trump's Truth Social
Digital World Acquisition Corporation confirmed Wednesday that it parted ways with its CEO as the company moved toward a merger with Donald Trump's social media company.
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Microsoft Wins Dismissal of Gamers' Suit Over $69 Billion Activision Deal
Microsoft won the dismissal of a private consumer antitrust lawsuit over its $69 billion (about Rs. 5,70,300 crore) proposed purchase of Call of Duty maker Activision Blizzard, but the plaintiffs were given 20 days to refine their legal challenge. The federal judge in San Francisco ruled that the lawsuit from a group of video game plaintiffs "lacks...
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Elon Musk Teases Potential Social Media Site as Competitor for Twitter
Elon Musk teased a potential social media site of his own as a competitor for Twitter. The billionaire, while responding to a question from one of his followers, dropped a cryptic tweet about a potential new social media platform X.com. Last week, Musk mentioned the website during Tesla's annual shareholder meeting.
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Government Proposes Competition Law Amendment; Seeks to Tighten Rules on Antitrust Scrutiny
The government is looking to amend the rules around the scrutiny of mergers and acquisitions, as part of proposed legislation to overhaul the country's competition law. The draft law proposes all deals worth over Rs. 2,000 crore should be subject to antitrust scrutiny if the companies have substantial business operations in the country.
-
Facebook Owner Meta-Giphy Deal Block Quashed by UK Tribunal, Asks Regulator to Reconsider Filing
Britain's competition regulator said on Monday it would carry out another review of Facebook owner Meta's acquisition of Giphy after a tribunal quashed its original decision to block it. Recently, the US tech giant partially won an appeal against the regulator.
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Elon Musk Reacts to Twitter Lawsuit Over Breach of $44 Billion Deal: All Details
Tesla CEO Elon Musk took to Twitter to react to Twitter filing a lawsuit against him on Tuesday, tweeting "Oh the irony lol", shortly after news surfaced that the microblogging site was suing the Tesla CEO. Twitter on Tuesday asked the Delaware's Court of Chancery to compel Musk to fulfil his obligations regarding the $44 billion (roughly Rs. 3,37,...
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eToro Crypto Trading Firm’s Acquisition Deal With FinTech V Called Off, Here’s Why
eToro, the stocks and crypto trading platform is not being acquired by the special purpose acquisition company FinTech V. The proposed merger was initially announced in March 2021. Had it been completed; the agreement would have allowed eToro to go public bringing the estimated equity value of the combined entities at around $10.4 billion (roughly ...
-
Apple CEO Tim Cook ‘Very Open’ to AI Acquisitions, Plans to Increase Investments: Report
Apple CEO Tim Cook reportedly highlighted that the company is planning to “significantly” increase investments in artificial intelligence (AI) technology. The statements were made on Thursday as part of the CEO's remarks alongside Apple’s third-quarter earnings report. As per the report, the Cupertino-based tech giant is also open to the merg...
-
Apple Reportedly in Talks to Acquire Perplexity AI to Strengthen Its Artificial Intelligence Efforts
Apple executives have reportedly discussed the possibility of purchasing Perplexity to alleviate its AI woes. As per the report, the Cupertino-based tech giant has held internal discussions about the acquisition, and it has been weighed by the head of acquisitions and mergers, Adrian Perica. If such a deal goes ahead, the iPhone maker might use the...
-
Trump Media to Raise $2.5 Billion to Invest in Bitcoin
Trump Media plans to raise about $2.5 billion (roughly Rs. 21,417 crore) to invest in Bitcoin. The move is part of a recent trend of public companies adding Bitcoin and other cryptocurrencies to their balance sheets to capitalise on rising token prices as the Trump administration embraces digital assets.
-
McLaren To Soon Enter Segments Other Than Supercars Under Forseven Merger
McLaren will soon be making more than just mid-engined supercars, as the brand prepares itself for an acquisition by the British startup, Forseven.
-
"To Set Record Straight...": Unacademy CEO Denies Reports Of Merger, Acquisition
After reported layoffs of around 250 employees in the latest job cuts, edtech firm Unacademy Co-founder and CEO Gaurav Munjal on Wednesday denied the reports of a possible merger or an outright acquisition, saying "ignore the rumours".
-
Sony Sends Termination Letter To Zee Over India Merger: Report
Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up.
-
US FTC Argues Microsoft's Deal to Acquire Activision Should Be Temporarily Blocked
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard. The FTC argues it needs a judge to block Microsoft and Activision Blizzard from closing their $69 billion (about Rs. 5,65,921 crore) merger until the agency's in-house ...
-
Microsoft Wins Against Gamers Blocking Activision Blizzard Acquisition Deal
Microsoft evaded a potential early legal obstacle in its $69 billion (nearly Rs. 5,71,730 crore) deal to acquire Call of Duty video game maker Activision Blizzard, when a US judge on Friday refused to allow gamers in a private suit to preliminarily block the acquisition. US District Judge said in a ruling that the video gamers had not shown they ...
-
US Firm Removes CEO Over Push To Merge With Donald Trump's Truth Social
Digital World Acquisition Corporation confirmed Wednesday that it parted ways with its CEO as the company moved toward a merger with Donald Trump's social media company.
-
Microsoft Wins Dismissal of Gamers' Suit Over $69 Billion Activision Deal
Microsoft won the dismissal of a private consumer antitrust lawsuit over its $69 billion (about Rs. 5,70,300 crore) proposed purchase of Call of Duty maker Activision Blizzard, but the plaintiffs were given 20 days to refine their legal challenge. The federal judge in San Francisco ruled that the lawsuit from a group of video game plaintiffs "lacks...
-
Elon Musk Teases Potential Social Media Site as Competitor for Twitter
Elon Musk teased a potential social media site of his own as a competitor for Twitter. The billionaire, while responding to a question from one of his followers, dropped a cryptic tweet about a potential new social media platform X.com. Last week, Musk mentioned the website during Tesla's annual shareholder meeting.
-
Government Proposes Competition Law Amendment; Seeks to Tighten Rules on Antitrust Scrutiny
The government is looking to amend the rules around the scrutiny of mergers and acquisitions, as part of proposed legislation to overhaul the country's competition law. The draft law proposes all deals worth over Rs. 2,000 crore should be subject to antitrust scrutiny if the companies have substantial business operations in the country.
-
Facebook Owner Meta-Giphy Deal Block Quashed by UK Tribunal, Asks Regulator to Reconsider Filing
Britain's competition regulator said on Monday it would carry out another review of Facebook owner Meta's acquisition of Giphy after a tribunal quashed its original decision to block it. Recently, the US tech giant partially won an appeal against the regulator.
-
Elon Musk Reacts to Twitter Lawsuit Over Breach of $44 Billion Deal: All Details
Tesla CEO Elon Musk took to Twitter to react to Twitter filing a lawsuit against him on Tuesday, tweeting "Oh the irony lol", shortly after news surfaced that the microblogging site was suing the Tesla CEO. Twitter on Tuesday asked the Delaware's Court of Chancery to compel Musk to fulfil his obligations regarding the $44 billion (roughly Rs. 3,37,...
-
eToro Crypto Trading Firm’s Acquisition Deal With FinTech V Called Off, Here’s Why
eToro, the stocks and crypto trading platform is not being acquired by the special purpose acquisition company FinTech V. The proposed merger was initially announced in March 2021. Had it been completed; the agreement would have allowed eToro to go public bringing the estimated equity value of the combined entities at around $10.4 billion (roughly ...
