Merger And Acquisition Deals
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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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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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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.
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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 ...
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Roxe Holdings Said to Go Public in $3.65 Billion Merger Deal With Goldenstone Acquisition
Roxe Holdings, a Blockchain-based payments company, is reportedly nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Limited at a combined valuation of $3.65 billion (nearly Rs. 28,500 crore). Roxe investors are also entitled to an earnout for additional shares in the combined company if certain stock pric...
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Zoom, Five9 to Terminate Nearly $15 Billion Deal After Shareholder Vote
Zoom’s acquisition of Five9 in a $14.7 billion deal was called off after Five9 shareholders voted it down in a major blow to Zoom's plan to expand its offerings following its pandemic boom.
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Byju’s Acquires Aakash Educational Services Tutorial Chain, Deal Said to Cost Nearly $1 Billion
Byju’s, the Indian edutech giant, on Monday announced that it has acquired the brick-and-mortar educational institution chain Aakash Educational Services through a strategic merger. The deal is aimed to help blend online and offline education in the country.
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Uber Said to Approach Grubhub With Acquisition Offer
A merger could give Uber Eats' money-losing restaurant delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber's core business of shuttling people from place to place.
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Global Auto Deals Dry Up In Third Quarter Amid Slowing Economy - Report
M&A activity in the global automotive sector plunged in the third quarter, PricewaterhouseCoopers LLP said in a report on Thursday, citing fewer big-ticket deals. Mergers and acquisitions around the world have sunk to three-year lows, accelerated by trade tensions and growing economic uncertainty.
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With $116 Billion Cash, Warren Buffett-Led Berkshire Needs 'Huge' Deals
Warren Buffett said finding things to buy at a "sensible purchase price" has become a challenge and is a major reason Berkshire is awash with $116 billion of low-yielding cash and government bonds.
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Fujifilm to Take Over Xerox in $6.1 Billion Deal, Create Joint Venture
The move combines the US company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.
-
Airtel-Telenor Merger Receives CCI Approval
Airtel says the "proposed acquisition will include transfer of all of Telenor India's assets and customers, further augmenting Airtel's overall customer base and network."
-
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...
-
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 ...
-
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.
-
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 ...
-
Roxe Holdings Said to Go Public in $3.65 Billion Merger Deal With Goldenstone Acquisition
Roxe Holdings, a Blockchain-based payments company, is reportedly nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Limited at a combined valuation of $3.65 billion (nearly Rs. 28,500 crore). Roxe investors are also entitled to an earnout for additional shares in the combined company if certain stock pric...
-
Zoom, Five9 to Terminate Nearly $15 Billion Deal After Shareholder Vote
Zoom’s acquisition of Five9 in a $14.7 billion deal was called off after Five9 shareholders voted it down in a major blow to Zoom's plan to expand its offerings following its pandemic boom.
-
Byju’s Acquires Aakash Educational Services Tutorial Chain, Deal Said to Cost Nearly $1 Billion
Byju’s, the Indian edutech giant, on Monday announced that it has acquired the brick-and-mortar educational institution chain Aakash Educational Services through a strategic merger. The deal is aimed to help blend online and offline education in the country.
-
Uber Said to Approach Grubhub With Acquisition Offer
A merger could give Uber Eats' money-losing restaurant delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber's core business of shuttling people from place to place.
-
Global Auto Deals Dry Up In Third Quarter Amid Slowing Economy - Report
M&A activity in the global automotive sector plunged in the third quarter, PricewaterhouseCoopers LLP said in a report on Thursday, citing fewer big-ticket deals. Mergers and acquisitions around the world have sunk to three-year lows, accelerated by trade tensions and growing economic uncertainty.
-
With $116 Billion Cash, Warren Buffett-Led Berkshire Needs 'Huge' Deals
Warren Buffett said finding things to buy at a "sensible purchase price" has become a challenge and is a major reason Berkshire is awash with $116 billion of low-yielding cash and government bonds.
-
Fujifilm to Take Over Xerox in $6.1 Billion Deal, Create Joint Venture
The move combines the US company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.
-
Airtel-Telenor Merger Receives CCI Approval
Airtel says the "proposed acquisition will include transfer of all of Telenor India's assets and customers, further augmenting Airtel's overall customer base and network."
