(Reuters) -A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday. Under the terms being discussed, National Amusements, which controls Paramount, would receive over $2 billion in cash in the first step […]
(Recast with details from WSJ report in paragraphs 1 to 3 and 6; background in 5, 7-9) April 5 (Reuters) – A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday. Under […]
Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. X SLB (SLB), formerly Schlumberger, plans to purchase ChampionX in an all-stock transaction. ChampionX’s board of directors unanimously approved the deal. Under terms […]
One of the biggest tailwinds in the pharmaceutical industry is weight loss treatments. Breakthroughs in semaglutide and tirzepatide have given rise to several glucagon-like peptide-1 (GLP-1) medications, including Ozempic, Rybelsus, Wegovy, Mounjaro, and Zepbound. While that is a long list of treatments, only two companies are the brains behind these blockbuster drugs: Novo Nordisk and […]
Two companies stand at the center of the obesity drug market right now. Novo Nordisk continues to rake in money from its weight-loss drug Wegovy (and from off-label usage of its type 2 diabetes drug Ozempic.) Eli Lilly is hot on Novo Nordisk’s heels with its new obesity drug Zepbound. Pfizer (NYSE: PFE) remains on […]
Following a highly anticipated bid by Adobe Inc. (NASDAQ:ADBE) to acquire Figma, hopes were high for a union that promised digital innovations and creative workflows. However, the deal hit a roadblock as regulatory approvals from the European Commission and the UK Competition and Markets Authority proved elusive because of antitrust laws. The failed acquisition, stemming […]
Electric vehicles (EVs) are among the bedrock technologies of the sustainability movement. Unsurprisingly, most legacy car manufacturers, including Ford, General Motors, and Volkswagen, have experimented with battery-powered vehicles. But beyond traditional automakers, some big tech companies have shown an interest in entering the EV market. For the last several years, Apple (NASDAQ: AAPL) has reportedly […]
By Anirban Sen and David French NEW YORK (Reuters) -Fiserv and Amadeus IT Group are competing to acquire Shift4 Payments, a payments processor that has a market value of nearly $7 billion, according to people familiar with the matter. Fiserv and Amadeus are the two main contenders in a sale process that Shift4 has been […]
Feb. 23—MORGANTOWN — The formation of the Morgantown Land Reuse and Preservation Agency was finalized in January 2019, making it the first of its kind in West Virginia. It opened with a bang. That same year, the agency privately financed $1.6 million through Community Bank to buy the 12, 000-square-foot building at 430 Spruce St., […]
By David French (Reuters) – U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday. Such a combination would continue the dealmaking spree seen in the North American oil patch in recent […]
Thanks to its lineup of incredibly popular hardware products, and its budding services and software offerings, Apple (NASDAQ: AAPL) has become one of the most valuable businesses on the face of the planet. Its expertise and dominant success in the consumer-focused tech world could be beneficial when it comes to potential acquisitions. Consider Peloton Interactive […]
By Eduardo Baptista BEIJING (Reuters) – Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the U.S. from export to China, a Reuters review of tender documents show. The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite […]