Microsoft has confirmed that acquisition talks with ByteDance over its TikTok app in the U.S., Canada, Australia, and New Zealand. The deal is scheduled to be concluded by September 15.
Following increasing pressure from Washington on the possibility of TikTok being used as a data spying app by China, Microsoft is allegedly in talks to purchase the sensational social media app.
Crypto and blockchain solutions firm Diginex is set to list on Nasdaq via a reverse merger deal. Diginex is also said to have partnered with institutional investors, corporations, and governments to ensure further digital adoption.
Qualcomm reported net income of $845 million on revenue of $4.893 billion in Q3. Those figures dropped precipitously from a year ago when the company reported $2.15 billion of profits on revenue of $9.635 billion. It also announced a long-term patent agreement with Huawei.
With new cash injection in a deal with American Express, British Airways owner IAG hopes to stay afloat after a serious hit due to the coronavirus lockdown.
India’s renowned e-commerce outlet, Flipkart has acquired a 100% stake in Walmart to boost its Flipkart Wholesale business that will commence operation in August.
eBay and Adevinta announced a definitive agreement for eBay to transfer its Classifieds business to Adevinta. This move will significantly strengthen both entities and see them compete with major e-commerce businesses.
Sanofi is looking at potential acquisitions of U.S. biotechnology companies including Principia Biopharma, as it looks for innovative treatments for clinical areas including multiple sclerosis and immune disorders. PRNB stock price is up.
Following in the footsteps of Facebook and Intel investing in Jio Platforms, Google may finalize its deal worth $4 billion in the coming week. The talks are already in process.
SiriusXM has revealed its $325 million acquisition of Stitcher. Though SIRI stock fell in response, today its price is increasing.
Sony has taken a decision to invest $250 million into Epic Games, in a strategic move to continue the working relationship between the two major gaming giants.
Binance is expanding its portfolio of acquisitions with Swipe. The deal is expected to further help the adoption of cryptocurrencies in different markets.
The D share crash has come after Dominion Energy and its partner Duke Energy announced that they are canceling the Atlantic Coastline Project citing the threat to the economic viability of the project.
Valued at $2.65 billion, the acquisition deal with Postmates will help Uber Eats to expand its network comprising of operation in about 6000 cities across 45 countries.
Warren Buffett’s Berkshire Hathaway makes its first big investment during the COVID-19 economic crisis by acquiring Dominion Energy’s natural gas transmission and storage assets through Berkshire Hathaway Energy Division.