On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…
On Monday, computer gaming giant Electronic Arts said, it had agreed to acquire Codemasters for $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software. Under the terms of the agreement, shareholders of Codemasters will receive 604 pence per share, compared with the 485 pence per share Take-Two had offered.
Following California’s Public Utilities Commission (CPUC) vote on Thursday, the $23 billion merger of U.S. wireless carriers T-Mobile US Inc with that of Sprint Corp saw the final approval of the deal which closed on April 1. The deal had closed without a final decision from the CPUC, which came through with an unanimous vote.…
On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…
Sources familiar with the matter have disclosed, U.S. chipmaker Nvidia is set to win an unconditional approval from the European Commission over its $6.8 billion acquisition bid to acquire Mellanox Technologies. Known for its powerful graphics chips, Nvidia is looking to boost its data center and artificial intelligence business; acquiring Mellanox will help it better…
Intel’s earlier announcement of its exit from the 5G modem chip business, following settling a long standing dispute with Qualcomm, presents an opportunity for Apple. A potential deal with Intel is likely to squeeze Qualcomm since it is a key supplier of modem chips for Apple’s iPhones. Apple Inc aims to acquire Intel Corp’s smartphone-modem…
The acquisition is aimed at increasing its foothold in the Nordic region. As per a statement from Meniga, a London-based fintech company, it is acquiring its Sweden-based peer Wrapp for an undisclosed amount. The acquisition is aimed at increasing its footprint in the Nordic region. Both companies provide merchants the ability to offer personalized rewards…
If the deal comes through, it is likely to be announced sometime in December 2018. As reported by CNBC citing sources familiar with the matter at hand, American technology company Xilinx Inc has hired Barclays to advise on its bid to acquire Mellanox Technologies Ltd. Although a deal is not expected to fruition in the…
The deal sees Fujifilm spreading its revenue sources by investing in biotech firms involved in regenerative pharmaceuticals and medicine. The fate of its acquisition of Xerox is still uncertain as it faces strong headwinds from activist investors Carl Icahn and Darwin Deason. In efforts aimed at boosting its healthcare business, Fujifilm Holdings said it would…
The compelling offer will notch up pressure on Qualcomm to take a tough decision. Adding to that pressure is Qualcomm’s return of investment to shareholders of -7% against a semiconductor index return of 106%. In what could be the biggest acquisition in the tech sector, Broadcom Ltd has put forward a $121 billion “best and…
business-gurus.com 