Mergers and acquisitions
Huawei’s smartphone spin-off Honor programs IPO
The Honor Magic Vs is on exhibit at Honor’s stand at Mobile Entire world Congres in Barcelona. The around $1,700 system is Honor’s attempt to challenge Samsung in the foldable smartphone market. Arjun Kharpal | CNBC Honor, a spin-off of Chinese technological know-how huge Huawei, mentioned on Wednesday it is scheduling to go community. “In […]
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McDonald’s increases its minority stake in China business
Customers wait for their takeout food outside a McDonald’s restaurant during the May Day holiday on May 1, 2022 in Beijing, China. VCG | Getty Images McDonald’s is buying Carlyle’s stake in its China business, increasing its minority share from 20% to 48% ownership. The fast-food giant sold off control of its restaurants in mainland […]
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Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
Hiroki Takeuchi, GoCardless main executive, on the MoneyConf Phase, attends World-wide-web Summit 2021 in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Pictures GoCardless, the British fintech corporation backed by Alphabet’s undertaking capital fund GV, is taking into consideration more mergers and acquisitions as it looks to improve industry share in the very aggressive on […]
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Hong Kong’s IPO marketplace is nonetheless in a slump irrespective of an expected rebound
Hong Kong Street Scene, Mongkok District with busses Nikada | E+ | Getty Visuals Hong Kong’s first general public listing sector continues to be in a slump, even as analysts predicted a market place rebound in the 2nd 50 percent of the year. “The Hong Kong market place has not recovered as considerably as we […]
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Databricks, the $43 billion analytics organization, acquires information startup Arcion for $100 million
Ali Ghodsi, co-founder and CEO of Databricks Inc., speaks for the duration of a Bloomberg Technological innovation television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Getty Pictures Databricks has agreed to obtain Arcion, an organization knowledge firm, for about $100 million, like incentives, CEO Ali Ghodsi told CNBC […]
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Paramount’s Shari Redstone is open for business, but business may not be open for her
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Shari Redstone may have missed her window. Paramount Global‘s controlling shareholder is open to a merger or selling […]
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After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard
Gamers play the video game “Star Wars Battlefront II” during the “Paris Games Week” on Oct. 31, 2017. Chesno Publicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could lead to greater consolidation in the $188 billion video games market, according to a new report […]
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Asia fintech MoneyHero slides on initially day of buying and selling after merger with Peter Thiel-backed SPAC
Bymuratdeniz | E+ | Getty Photographs Asian fintech organization MoneyHero on Friday fell on its very first day of trading on the Nasdaq, following the completion of its merger with specific objective acquisition corporation Bridgetown Holdings. Bridgetown Holdings Limited is backed by Thiel Capital – PayPal co-founder Peter Thiel’s enterprise capital firm – and Pacific Century Group, […]
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Microsoft-Activision Blizzard takeover receives approval from United kingdom regulators, clearing way for deal to shut
Microsoft symbol is seen on a smartphone placed on exhibited Activision Blizzard emblem in this illustration taken January 18, 2022. Dado Ruvic | Reuters Britain’s top competitors watchdog on Friday gave the environmentally friendly gentle to Microsoft’s proposed $69 billion takeover of gaming business Activision Blizzard, eliminating the final important hurdle for the offer to […]
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How Ozempic and Wegovy turned Novo Nordisk into a $400 billion company
Danish drugmaker Novo Nordisk has entered a new chapter in its 100-year history — thanks to its newfound success with two products: Ozempic and Wegovy. The drugs are once-weekly injectables of a medication called semaglutide, prescribed for Type 2 diabetes and weight loss. Their skyrocketing popularity has boosted Novo Nordisk to new heights. Novo Nordisk’s […]
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