Mergers and acquisitions
Who’d buy Ubisoft? Top potential suitors for beleaguered Assassin’s Creed maker
With Ubisoft’s latest Assassin’s Creed game facing delays and independent board members reviewing strategic options, analysts are speculating on whether the gaming giant may finally put itself up for sale. The beleaguered French publisher last week postponed the launch of its upcoming “Assassin’s Creed Shadows” game by another month and appointed advisors to review its […]
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Panera Brands CEO steps down, CFO to fill in as interim chief
A Panera Bread restaurant in Miami Beach, Florida, Nov. 8, 2017. Joe Raedle | Getty Images Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately. The change in leadership is the latest challenge to the company’s plans to go public eventually, following several years of hurdles. Panera Brands CFO […]
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Another activist takes aim at Macy’s, seeking spending cuts and real-estate restructuring
People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it has a position in Macy’s and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate portfolio. It marks the fourth […]
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Intel adds two new directors with CEO search underway
The logo of Intel is seen during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | Afp | Getty Images Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search process for ousted CEO Pat Gelsinger’s replacement. Former ASML CEO Eric […]
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Trump repeats vow to ‘block’ Nippon Steel’s bid for U.S. Steel
Alex Wong | Getty Images News | Getty Images U.S. President-elect Donald Trump has pledged to block Japanese company Nippon Steel’s planned purchase of U.S. Steel. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a post […]
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Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
Intel CEO Patrick Gelsinger speaks prior to President Joe Biden’s remarks at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Rebecca Noble | Getty Images Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant, according to a person familiar […]
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Why Home Depot made an $18.25 billion bet on the pro business
A warehouse for Texas Pool Supply, a company that’s part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It’s an example of the specialized business that Home Depot includes after acquiring SRS. Melissa Repko | CNBC PLANO, Texas — In a suburban warehouse, giant buckets […]
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It’s ‘liquidity, stupid’: VCs say tech investing is tough amid IPO lull and ‘nuts’ AI hype
Key Points Venture capitalists at Web Summit — one of Europe’s biggest tech events — say things have become more difficult for tech investors as they’re unable to cash out of long-term bets. “In the VC world, it’s really all about liquidity stupid,” Edith Yeung, general partner at Race Capital, said in a CNBC-moderated panel. […]
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After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company’s billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public “when the stars align.” Wiz makes software that connects to cloud storage providers like Amazon Web Services or Microsoft Azure and scans for […]
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Musk’s win on India satellite spectrum raises prospect of price war with Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Punit Paranjpepunit Paranjpe | AFP | Getty Images Having just lost a battle with Elon Musk […]
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