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Risky Precedent Set By EU’s Approval Of Google-Fitbit Deal

The acquisition of Fitbit by Alphabet’s Google in a deal worth $2.1 billion was approved by the European Commission’s antitrust regulator this week just days after the chief of the antitrust body of the European Union send strong signals of being tough and stricter against large tech companies such...

Insurer MetLife’s US Business To Acquired By Zurich And Farmers For $3.94 Billion

The property and casualty business in the United States of MetLife is to be acquired by Zurich Insurance and Farmers Exchanges in a deal which is worth $3.94 billion, said the insurers on Friday as motor and home insurers have become more profitable because of the Cvoid-19 pandemic.   The...

US Manufacturers Look For Acquisitions Amid Pandemic Wreckage

While many manufacturers in the United States have been severely hit by the Covid-19 pandemic, the health crisis has also created opportunities for acquisitions.   With auto plants and heavy equipment producers that use the metal parts from Grede Holdings LLC, shutting down, the company saw...

Impact Of Acquisition Of Arm By Nvidia To Being Assessed By Britain

The effect of the sale of the British chip designer Arm to the United States based chip maker Nvidia will be assessed by the United Kingdom. This assessment will include commitments made by the companies of retaining the head office of the new merged company in Cambridge, Eastern England, said...

Alstom Agrees To Sell French Factory To Secure EU Regulatory For Bombardier Purchase

A French rail factory has been agreed to be sold by France’s TGV high-speed train maker Alstom in addition to making other concessions so that it can get regulatory approval of the planned acquisition of the transportation business of Canada’s Bombardier Inc.   The other commitment made by...

73 Strings : Meet The People Creating Future Of Financial Advisory

73 Strings, co-founded by financial advisory and valuation industry veterans Yann Magnan and Abhishek Pandey, has a huge ambition: becoming a new age financial advisory empowered by Tech/AI, providing a complete solutions offering, including delivery of traditional financial advisory services with...

After Rejecting Uber Merger, Grubhub To Merge With Europe’s Just Eat Takeaway

Grubhub has decided against a merger with Uber Eats after almost a month of deliberations since the offer was made by Uber and has instead decided to merge with the European company Just Eat Takeaway. The deal, which will see transfer of stocks only, is expected to be by the first quarter of 2021....

Gilead Approached By AstraZeneca For A Possible Merger

According to reports quoting familiar with the matter, drug maker Gilead Sciences Inc has been preliminarily approached by AstraZeneca Plc seeking a merger. If the deal goes through, it would be the largest deal on record for the health-care industry.   The reports stated that Gilead was...

Merger Deal Altered By T-Mobile And Sprint

New merger terms had been agreed upon by T- Mobile US and Sprint Corp so that they could get over the regulatory hurdles, the two companies said, and added that they expect the deal to close by as early as April 1 this year.   About 43 per cent in the new merged company will be...

US-Based Optical Networking Tech Firm Elenion To Be Acquired By Nokia

The Finnish telecom networks maker Nokia Oyj is aiming to boost its optical networking business and increase the portfolio of offering to telecoms operators by the acquisition of the United States based company Elenion Technologies, Nokia announced on Wednesday.   The company however did not...

Another Mega US Merger – That Of T-Mobile And Sprint, Cleared By Court

Tech companies in the United States have spent more than $200 billion on a series of megamergers that has changed the face of the business scenario in the country in the last 18 months.   And the latest such mega merger to get court clearance is the proposed acquisition of Sprint by...

Eli Lilly CFO Says Company To Make Quarterly Deals Of $1 Bn-$5 Bn In 2020

With an effort to augment its pipeline of future products, the United States based drug maker Eli Lilly and Co has announced plans to disclose deals and acquisitions worth about one deal worth between $1 billion to $5 billion every quarter in 2020. This was said by the chief financial officer of...
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