If the transaction goes through, SES and Intelsat will form a single company valued at about $10 billion including debt.
Since the time of the auction and the bidding process, US regulators have expressed a lack of confidence in the sale of the company to Binance.
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
A UK competition regulator eases off slightly on the Microsoft-Activision deal, sending the gaming publisher’s shares soaring.
The $100 million Zipmex acquisition hit a stumbling block yesterday after V Ventures missed a $1.25 million tranche payment.
Financial powerhouse JPMorgan will acquire Aumni for the data platform’s value at its last fundraising in 2021.
Sources familiar with the matter said that if Virgin Orbit fails to strike a deal this week, it’s preparing for restructuring in the case of insolvency.
A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.”
UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter.
Considering the influence of the US markets, other Asian banking regulators including the MAS have affirmed that the Swiss firm’s takeover will have no material impact on retail customers.
The terms of the deal between the two banks mean that Credit Suisse shareholders shall receive 1 UBS share for every 22.48 Credit Suisse shares.
When the financial woes of FTX also lead to the exchange’s bankruptcy, the deal could not proceed, pitching Binance.US as the next major favorite to bail out the company.
According to Kevin Worth the Chief Executive Officer of CoinDesk, the media firm has been getting a lot of offers with no decisions made yet.
Pfizer has been on an acquisition spree as it seeks to cushion the impact of a projected $17 billion revenue drop by 2030.
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis.