On Thursday, according to a report from the Financial Times, in a deal worth $29.57 billion (24 billion pounds), the British units of Liberty Global Plc and Telefónica SA will merge with Telefónica SA. Both companies are expected to announce the merger deal on Thursday following five months of negotiations, said the FT’s report citing…
In a statement, Xilinx Inc, an American semiconductor firm stated, it had won a deal to supply chips to Samsung Electronics Co Ltd for 5G networking equipment. It did not disclose the financial terms of the deal. Xilinx makes programmable chips used in telecommunications equipment including those used in base stations made by Ericsson, Nokia…
In a statement, Advanced Micro Devices Inc and Hewlett Packard Enterprise Co stated, they had won a $600 million deal to deliver a supercomputer that will be used by the U.S. Department of Energy’s nuclear security arm to support the nation’s nuclear arsenal. The supercomputer, dubbed El Capitan, named after the famous rock face in…
According to a report from the Wall Street Journal, Intuit Inc is nearing a deal to acquire Credit Karma, a financial technology portal for nearly $7 billion. The cash and stock deal, which will push Intuit further into consumer finance, is likely to be announced as early as Monday, said the WSJ citing sources familiar…
In a statement, EBay Inc said, it is in discussion with multiple parties on a potential deal revolving around its classified-ads business. It expects to provide an update regarding the process in the coming months. In a report the Wall Street Journal had stated, eBay is in the process of reaching out to potential buyers to…
A U.S. judge has allowed Amazon.com Inc’s motion to temporarily halt the U.S. Department of Defense and Microsoft Corp’s $10 billion cloud computing deal which Amazon said was reflective of President Donald Trump’s undue influence. In November 2019, Amazon, which had been seen as a front-runner to win the cloud computing contract, had filed a…
On Monday, in a statement Roche said, it has entered into a $1.15 billion licensing deal with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United States. Roche will be making an upfront payment of $750 million in cash and $400 million…
