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Hyatt To Acquire Apple Leisure Group For $2.7 Billion From KKR, KSL

The resort company Apple Leisure Group will be acquired by Hyatt Hotels Corp. from the former’s private-equity owners in a deal potentially worth $2.7 billion.   The Apple Leisure Group is owned by KKR & Co. and travel-and-leisure specialist KSL Capital Partners LLC, and the deal was...

Cloud-Based Call Center Operator Five9 To Be Purchased By Zoom In A Deal Worth $15 Bln Deal

Zoom Video Communications Inc is set to acquire cloud-based call center operator Five9 Inc in an all-stock deal worth $14.7 billion which is the largest ever acquisition by the video conferencing company amid increasing competition in the videoconferencing sector, the core business area of Zoom....

Intel In Negotiations With GlobalFoundries For A Possible Acquisition Worth About $30 Billion - WSJ

According to a report published by the Wall Street Journal on Thursday quoting sources familiar with the matter, negotiations for acquiring semiconductor manufacturer GlobalFoundries Inc are being held by Intel Corp. The deal could be worth about $30 billion.   According to the report, a...

Tencent's $5.3bln Video Games Merger Blocked By China’s Antitrust Regulator

The proposed merger of the top two videogame streaming sites of China - Huya and DouYu, which was being pursued by the Chinese etch giant Tencent Holdings Ltd, has been stopped by the market regulator of China over antitrust concerns.    The announcement to merge Huya and DouYu was...

British Augmented Reality Company WaveOptics To Be Acquired By Snap For Over $500M

The owner of photo messaging app Snapchat will be able to set foot towards the future of social media where augmented reality could become pervasive by the acquisition of appropriate technology.   The company moved a step closer to that strategic direction as it announced its decision to...

Australia's Star Proposes Crown Acquisition In $7 Bln Play

An all-stock buyout of larger rival Crown Resorts Ltd was proposed by Australian casino operator Star Entertainment Group on Monday. This offer valued Crown Resorts at A$9 billion ($7 billion) as Star joined the competition of Crown Resorts which also included two private equity giants who are also...

Nestlé To Acquire Brands Of The Bountiful Company And Expand Its Health And Nutrition Portfolio

Nestle SA will be acquiring The Bountiful Company in a deal worth $5.75 billion.   Brands like Nature's Bounty, Solgar, Osteo Bi-Flex and Puritan's Pride are among the assets that the Swiss company will be purchasing through this deal, Nestle said on Friday.   The health and nutrition...

US Supply-Chain Software Firm Blue Yonder To Be Acquired By Panasonic For $7.1 Bln

The United States based supply chain software company Blue Yonder will be acquired by the Japanese electronics firm Panasonic Corp in a deal worth $7.1 billion, the Japanese company said on Friday, This is the largest acquisition of the Japanese company in more than a decade.   Panasonic...

Allianz Buys Aviva’s Polish Business For $2.9 Billion

The previously announced program to sell European and Asian assets which was started last year by the British insurer Aviva continued as the company said on Friday that it had sold its Polish operations to Germany’s Allianz for 2.5 billion euros ($2.94 billion) in cash.   There was a bid for...

Goodyear To Acquire Rival Cooper For $2.8bn And Gain Wider Access in Chinese Market

The largest tire maker of the United States, Goodyear will be acquiring its rival Cooper in a deal worth $2.8 billion. Following the completion of the deal, the American tyre maker will have access to a much larger global footprint for its business and will be able to move into the Chinese market...

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...
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