Mergers and acquisitions
Illumina hit with record $476 million fine for closing Grail deal without EU approval
Rafael Henrique | Lightrocket | Getty Images European Union regulators on Wednesday fined Illumina a record 432 million euros ($476 million) for closing its acquisition of cancer test developer Grail without first securing regulatory approval. The European Commission’s fine amounts to 10% of San Diego-based Illumina’s turnover, the maximum allowed under E.U. merger rules. The […]
Read More
Microsoft-Activision ruling highlights Lina Khan’s struggles to combat tech
FTC Chair Lina Khan testifies all through the Home Strength and Commerce Subcommittee on Innovation, Knowledge and Commerce hearing titled Oversight of the Securities and Trade Fee, in Rayburn Making, April 18, 2023. Tom Williams | Cq-roll Phone, Inc. | Getty Illustrations or photos When a federal choose on Tuesday resolved to reject the Federal […]
Read More
Singapore’s Temasek suggests it’s not on the lookout to devote in crypto corporations amid latest regulatory uncertainties
Rohit Sipahimalani, main investment decision officer of Temasek Holdings Pte, speaks all through a information convention in Singapore, on Tuesday, July 11, 2023. Ore Huiying | Bloomberg | Getty Photos Singapore’s sovereign wealth fund Temasek is not presently on the lookout to make investments in crypto companies amid regulatory uncertainty in the sector, its chief […]
Read More
Southeast Asia’s IPO sector is an trader favored amid global headwinds, Deloitte states
Obtain ASEAN Southeast Asia’s IPO industry is an investor most loved amid worldwide headwinds, Deloitte states Released Thu, Jul 6 20237:24 PM EDT Sheila Chiang Watch Live Supply
Read More
India’s HDFC Bank completes $40 billion takeover of the country’s premier house loan lender. Here’s what it suggests
A HDFC Lender department in Mumbai, India, on Friday, April 14, 2023. Bloomberg | Bloomberg | Getty Pictures India’s major personal loan company HDFC Lender has accomplished its merger with Housing Growth Finance Corporation, the country’s major house loan loan company, in a offer that pits the new entity against the world’s biggest financial institutions. […]
Read More
China’s Shein denies U.S. IPO rumors
Two folks hold two Shein bags just after coming into SHEIN’s to start with physical retailer in Madrid, Spain, June 2, 2022. Cezaro De Luca | Europa Push | Getty Visuals Chinese rapid style large Shein on Friday denied a Reuters report that reported it has confidentially filed for an first public presenting in the […]
Read More
IBM to obtain software business Apptio for $4.6 billion
IBM CEO Arvind Krishna speaks at a panel session at the Earth Financial Discussion board in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Photographs IBM on Monday declared it will acquire the computer software organization Apptio from Vista Equity Partners for $4.6 billion. The business mentioned the acquisition of Apptio, […]
Read More
Japan-backed fund to get important semiconductor organization JSR for $6.3 billion as chip tensions rise
The Japanese Financial investment Corporation (JIC) proposed a $6.3 billion buyout of JSR, just one of Japan’s most vital chip corporations. Akio Kon | Bloomberg | Getty Photographs A fund backed by the Japanese authorities on Monday proposed a $6.3 billion acquisition of semiconductor material giant JSR, underscoring the strategic emphasis governments close to the […]
Read More
Eli Lilly to acquire Dice Therapeutics for $2.4 billion in autoimmune treatment push
David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly on Tuesday said it struck a $2.4 billion deal to acquire Dice Therapeutics in a bid to bulk up its treatment portfolio for immune-related diseases. Eli Lilly will pay $48 per share in cash to buy Dice, representing around a 40% premium to where […]
Read More
Mediterranean restaurant chain Cava stock soars as much as 107% in market debut
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Spencer Platt | Getty Images Shares of Mediterranean restaurant chain Cava soared as much as 107% in its market debut Thursday morning before giving […]
Read More