The acquisition of 21st Century Fox by Walt Disney worth $17.3 billion has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). The U.S. Department of Justice has however mandated the sale of the Fox Sports Regional Networks. The time frame for Disney to conduct the sale would be 90 days…
UK’s largest electric charging network, Chargemaster, is being bought by oil giant BP for £130 million. Earlier this year, BP had said that it expects renewable energy to be the fastest-growing source of fuel despite the company operating 1,200 petrol forecourts. The company said that there would be a rise in the number of electric…
The first small-scale public trial would be conducted for the robotic calling service Google which is able to speak to humans to undertake activities like making a reservation or setting an appointment. The company said that the system will make a few calls in the next few weeks to some businesses. Google did not provide…
A threat to disruption in supplies of meat and fizzy drink in Europe is posed by a massive shortage of food-grade carbon dioxide (CO2). This shortage of CO2 in Europe has taken place at a time when there is a frenzy over the football World Cup and a peak season for summer barbecues. A number…
Pinnacle Foods Inc. – the owner of the Birds Eye and Mrs. Butterworth’s brands, would be acquired by Conagra Brands Inc., announced the later on Wednesday. The deal would be a cash-and-stock one with a valuation of the company at little over $8 billion. The deal would potentially have an implied per share deal price…
It is most likely that a male would be sitting behind the wheels when one orders a taxi in most parts of the world. That perception is being attempted to be change by the Uber’s rival in the Middle East – Careem. And that too in a society that is amongst the more conservative in…
Banks in UK have not been able to ready themselves yet for a “no deal” Brexit and hence they should act now so that they would be able to avoid risking the stability of the financial system, says the European Union’s top regulator. The preparation of the banks for an eventuality where the UK does…
With the strategy of focusing on a smaller group of core businesses and reducing its debt load, General Electric announced the spin off of its healthcare division and its stake in the oil services firm Baker Hughes. With this move, the company brought an end its efforts at simplification of the large structure of the…
More than $6 billion is hoped to be raised by selling shares in a stock market listing in Hong Kong next month by Xiaomi – amongst the leading smartphone makers of the world. The planned value of the listing was announced by the Chinese tech firm on Saturday. The value is lower than the $10…
In its push to accelerate its venture in the industry segment of battery-powered vehicles, the German sports car brand Porsche acquired a 10 per cent share in Rimac Automobili which is a Croatian manufacturer of electric supercars and components. “Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for…
