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Eone Diagnomics Genome Center ( EDGC ), Korea’s genetic sequencing firm and gene-based services provider acquires Canada’s nutritional supplement manufacturer Natural Life Nutrition to expand its share in the international health supplements market. The deal came after Eone Diagnomics Genome Center ( EDGC ) set a new goal to dominate the market through its own […]
The real estate investment trust Kite Realty Group Trust and RPAI (Retail Properties of America) announced a $7.5 billion merger in which RPAI would merge into a subsidiary of KRG. Both the companies are expected to have an equity market capitalisation of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon […]
The teleconferencing software Zoom acquires cloud contact centre Five9 for $14.7 billion. This acquisition will help Zoom to enhance its presence with enterprise customers and will allow it to speed up its long term growth opportunity by adding $24 billion in contact centre market. As per the proposed transaction, the stakeholders of Five9 will receive […]
The start-up battery company Enovix began its trading after SPAC merger with special purpose acquisition company Rodgers Silicon Valley Acquisition Corp. After opening the shares in wall street the company announced its merger with the company. Enovix has plans to go essentially zero revenue tin 2021 to $11 million 2022, and then into the mid-$100 […]
The cloud computing platform Amazon Web Services acquire messaging service Wickr. Amazon Web Service had posted revenues of $13.5 billion last quarter, up 32% year-on-year, with net income of $8.1 billion. The Amazon subsidiary AWS made the decision official through a social media post. The post read, “We are excited to share that AWS has […]
The multinational electronics company Panasonic has sold off its entire Tesla stake last fiscal year Which has helped Panasonic earn billions of dollars in proceeds to fund new investments. Panasonic initially bought 1.4 million shares at $21.15 each around the time of Tesla’s June 2010 IPO. The company reported its stake was worth about $730 […]
The financial services corporation Visa has announced that it has signed a agreement to acquire Swedish Banking Platform Tink. Tink is a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay […]
Abu Dhabi’s Mubadala Health acquires a major stake in UEmedical (United Eastern Medical services) from United Eastern Group (UEG) and Jadwa Investment. Through this acquisition, Mubadala Health adds the HealthPlus Network of Specialty Centers; Danat Al Emarat Hospital for Women & Children; HealthPlus Fertility, Moorfields Eye Hospital Abu Dhabi; the largest IVF provider in the […]
The Swedish multinational manufacturing company Volvo Cars and SSAB jointly test fossil free steel for the use in automotive industry. The chief executive at Volvo Cars, Håkan Samuelsson, said: “As we continuously reduce our total carbon footprint, we know that steel is a major area for further progress,”“The collaboration with SSAB on fossil-free steel development […]
The commodity trading company Trafigura and Yara International has signed MoU to explore business in clean Ammonia. Yara is one of the leading producer of nitrates, ammonia and other nitrogen based chemicals. The MoU (Memorandum of Understanding) signed between these companies is to collaborate on the development and promotion of the use of Ammonia. The […]
The largest food delivery app of U.S. DoorDash launches in Japan, it is one of the largest on- demand logistics platform for door to door delivery in the U.S. This flags the company’s first expansion in Asia and third country outside U.S including Canada and Australia. To empower local economies DoorDash continues to invest in […]
The companies Samsung SDI and SK Innovation consider to establish additional joint ventures with their clients in Europe to provide stable supply sources for electric vehicle batteries. As the Global battery leaders such as LG Energy Solution (LGES) and China’s CATL are stocking up their production might across the globe, the Korean firms are in […]
