Mergers and acquisitions
Blackstone closes in on $6.3 billion bid for Crown Resorts after Australian regulatory approvals
Blackstone offices in New York City. Australian gambling regulators have cleared private equity giant Blackstone to run the troubled casinos of Crown Resorts in the country’s two largest cities, a crucial but largely expected step in its $6.3 billion buyout. Erik Mcgregor | Lightrocket | Getty Images Australian gambling regulators have cleared private equity giant […]
Read More
Spirit Airlines postpones special meeting on Frontier deal
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Spirit Airlines has postponed its shareholder vote scheduled for Friday to consider its tentative agreement to merge with Frontier Airlines. CNBC’s Phil LeBeau joins ‘Squawk Box’ with the details. Source
Read More
Watch CNBC’s full interview with JetBlue Airlines CEO Robin Hayes
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email JetBlue Airlines CEO Robin Hayes sits down with CNBC’s Phil LeBeau to discuss the company’s enhanced deal for Spirit Airlines amid its planned merger with Frontier Airlines. Hayes also reacts to concerns that a potential deal between JetBlue and Spirit would face […]
Read More
Chinese electric car start-up WM Motor files to go public in Hong Kong
Chinese electric car company WM Motor, or Weltmeister, filed Wednesday to go public in Hong Kong. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese electric car start-up WM Motor filed Wednesday to go public on the Hong Kong […]
Read More
Broadcom reportedly in talks to acquire VMware
In this photo illustration, the VMware logo is seen on a smartphone and in the background. Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters. Pavlo Gonchar | Lightrocket | Getty Images Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with […]
Read More
The 2022 CNBC Disruptor 50 list: Meet the next generation of Silicon Valley
In the tenth annual Disruptor 50 list, CNBC highlights private companies that grew through the ups and downs of the pandemic and are poised to meet increasing economic and consumer challenges. All told, these firms have raised a half-trillion dollars in venture capital. At least 41 are unicorns, with valuations of $1 billion or more […]
Read More
Musk reportedly says Twitter deal at lower price ‘not out of the question’
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn’t “out of the question,” Bloomberg reported Monday. Musk reportedly made […]
Read More
U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, […]
Read More
Binance is backing Elon Musk’s Twitter acquisition — here’s why it’s a big deal for crypto enthusiasts
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. […]
Read More
Here’s what a former Twitter engineering head thinks about Elon Musk’s plan
Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images The following is a selection from Big Technology, a newsletter by Alex Kantrowitz. To get it in your inbox each week, you can sign up […]
Read More