In a significant development, Intel Corp has agreed to sell its NAND memory chip business to South Korea’s SK Hynix Inc for $9 billion. The all-cash deal will propel the South Korean chipmaker to the second spot in global rankings. The development marks Intel’s efforts to divest its non-core businesse and move away from the volatile commodity…
CFIUS concerns stems from the fact that the Chinese dating app collects personal information including a person’s location, messages, which could include potential data of the U.S. military or intelligence personnel. According to sources familiar with the matter at hand, a U.S. government national security panel has raised concerns over the ownership of Chinese gaming…
Alcon will be listed in the New York Stock Exchange and on the Swiss Market. On Friday, Novartis stated, Alcon – its eye care business which it spun-off, is expected to be listed at the New York Stock Exchange and on the Swiss Market on April 9. “Alcon obtained approval for listing on SIX Swiss…
The merger has promise since it could create a Franco-German rail company that will be in a better position to compete with China. According to sources familiar with the matter at hand, Alstom and Siemens have offered to divest one of their high-speed train technology in order to address EU antitrust concerns about their merger…
As per SQN Investors, the slow pace of innovation at Yelp has enabled its peers to narrow its lead. Further, in the last several quarters, Yelp’s performance was dismal with revenue expansion dipping below 2%. SQN Investors LP, a hedge fund which has built a substantial holding in Yelp, has called for an overhaul of…
Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…
The strategic move could help ease antitrust concerns for Chinese regulators. In a strategic move, NXP Semiconductors NV, a U.S. chipmaker who was the target of a $44 billion takeover bid by Qualcomm Inc, sold its stake in a Chinese chip design joint venture firm. As per a stock exchange filing, NXP sold its 40%…
Boeing had tried to woo Malaysia’s budget airlines to lucrative offers in order to extend its lead in the long-haul market. Tony Fernandes, the CEO of AirAsia Bhd group, stated that the Malaysian budget airline will stick with Airbus and has currently no plans on purchasing aircrafts from U.S. planemaker Boeing Co. “Boeing is keen…
While the deal is widely expected to benefit Disney, its impact on Twenty First Century Fox will require more clarity. News reports from CNBC have stated citing anonymous sources familiar with the matter at hand, Twenty-First Century Fox has held talks with Walt Disney Co to divest most of its television and film assets, in…
This strategic move is aimed at bringing a sense of finality to its bid of divesting its chip business following months of delays. Toshiba Corp has stated it will be building a new semiconductor plant in Iwate, northern Japan, even as it makes efforts to sell its memory chip business to raise funds. Significantly, it…
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