News

Mergers and Acquisitions

Reuters | Equities.com |

CHICAGO (Reuters) - Merck & Co Inc, which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines....


Reuters | Equities.com |

WASHINGTON (Reuters) - Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would “raise serious competition issues” in many cities.In their letter, the lawmakers said the deal would give Uber and Grubhub 48 percent of the U.S. market, while Doordash would have 42 percent. A merged Uber Eats and Grubhub would have 79 percent of t...


Reuters | Equities.com |

BRUSSELS (Reuters) - Alphabet Inc-owned Google’s planned $2.1 billion buy of fitness trackers company Fitbit may harm consumers and hinder innovation, European consumer group BEUC said on Wednesday, calling it a game-changer deal in the health and digital markets.Google announced the deal in November last year, a move which would allow it to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. Huawei and Xiaomi also compete in the mark...


Reuters | Equities.com |

(Reuters) - Uber Technologies Inc has made an offer to buy online food delivery company GrubHub Inc, Bloomberg News reported on Tuesday. The two companies are currently in talks about a deal and could reach an agreement as soon as this month, the report said, citing people familiar with the matter. Ride-hailing company Uber said it does not comment on rumors and speculations, while GrubHub did not immediately respond to a request for comment. Reporting by Akanksha Rana in Bengaluru; Edi...


Reuters | Equities.com |

MILAN (Reuters) - Fiat Chrysler Automobiles plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.The Italian-American company, which has struck a binding merger deal with France’s PSA Group (PEUP.PA) to create the world’s fourth largest carmaker, said it remained committed to the tie-up, despite “unexpected and unprecedented times”.“Togeth...


Reuters | Equities.com |

Investment firm Sycamore Partners is seeking to end its deal to buy a stake in L Brands Inc’s lingerie brand Victoria’s Secret, citing business decisions the retailer took during the coronavirus pandemic, a court filing on Wednesday showed, sending the company’s shares down over 20%. Sycamore said less than one month after entering the deal with L Brands, the company closed nearly all of its about 1,600 ...


Reuters | Equities.com |

WASHINGTON (Reuters) - California’s Public Utilities Commission (CPUC) voted on Thursday to approve the merger of wireless carriers T-Mobile US Inc and Sprint Corp, marking the final approval for a $23 billion deal which closed on April 1. The deal had closed without a final decision from the California PUC, which gave that on Thursday with a unanimous vote. The CPUC had issued a proposed decision in March to approve the merger with conditions. T-Mobile and Sprint agreed to abide by those con...


Edward Kim | Equities.com |

Verizon and AT&T now have a much larger third place competitor in wireless.


Reuters | Equities.com |

Xerox’s decision came after it said previously that it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic.


Reuters | Equities.com |

Ten U.S. companies have announced poison pills in March, setting a record.



Discover: Trending Events

United Nations
Blockchain for Europe
Humanity 2.0
World Economic Forum