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The American financial services Square plans to acquire all of the issued shares in Australia’s Afterpay for $29 billion. The acquisition will help in enabling the Square Inc And Afterpay to deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The ‘buy now, […]
The tech giant Tencent agrees to buy video game maker Sumo Group for $1.27 billion. The Chinese firm is offering around 513 pence per share for Sumo, a 43% premium to the British company’s previous close. On a fully diluted basis, the offer values Sumo at about 919 million pounds ($1.26 billion). Tencent already owns […]
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 […]
India’s Food service platform Zomato has gone on sale in its $1.2bn (£870m) initial public offering (IPO). The food delivery app has subscribed 1.26 times on July 15 by far, the second day of bidding. The offer has received bids almost around 90.57 crore equity shares against IPO size of 71.92 crore equity shares, the […]
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 banking supervisory authority, Basel committee has actioned some toughest capital rule for crypto assets. The global regulators proposed that the banks must set aside enough capital to cover losses on any bitcoin holdings in full in a step that could possibly prevent wide-scale use of the cryptocurrency by big lenders. It has proposed a […]
The consumer goods company Reckitt Benckiser to sell infant nutrition formula to Primavera Capital for $2.2 billion. Reckitt Benckiser will retain an 8 per cent stake in the unit and it will see net cash proceeds of about $1.3 billion, which it plans to reduce the debt, the company said in a statement. The company […]
The American multinational Carlyle Group buys UK pharmaceuticals Vectura Group for £958 million. Around 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer representing a 32% premium on the ex-dividend closing price of the stock. The chairman of Vectura group Bruno Angelici said: “Vectura has […]
The American messaging app developer Snap to buy reality tech company WaveOptics for over $500 million. Snap introduced their next generation of Spectacles, which brings augmented reality to life. They are lightweight display glasses, made for creators to overlay their Lenses directly on to the world, exploring new ways to fuse fun and utility through […]
The American investment bank, Goldman Sachs Invests in Ulu Ventures under its Launch with GS Initiative. Launch with GS is a $1 billion investment strategy of the firm which is grounded to data-driven thesis that helps teams drive strong returns. Goldman Sachs has also announced that it has committed an additional $500 million to invest […]
The American based technology company Amazon is in talks to acquire MGM studios for $9 billion which would improve Amazon’s streaming media. This reports comes hours after telecoms giant AT&T agreed to club its WarnerMedia unit with Discovery in a deal to create a new streaming giant. According to the media reports MGM studios parent […]
