Despite the development, there is a level of uncertainty caused by legal measures taken by Western Digital Corp, Toshiba’s joint venture partner in its chip business. On Thursday Japan’s embattled Toshiba Corp is expected to formalize the sale of its… Read More ›
Regulations & Legal
Google to acquire a stake in HTC for $1.1 billion
The deal deepens Google’s investments in its Pixel line up. On Thursday, in a joint statement, Alphabet Inc’s Google and HTC, have said, the former will acquire a stake in HTC’s smartphone operations for $1.1 billion. As part of the… Read More ›
If No Global Deal Is Struck, EU Plans To Go Alone On The Issue Of Digital Tax
Even if the rest of the rich world did not follow suit, the EU should proceed with an overhaul of taxes on digital firms, the European Commission said according to a draft report. Accused of paying too little tax in… Read More ›
T-Mobile in exploratory talks with Sprint Corp
The deal is likely to attract rigorous scrutiny from antitrust regulators. According to sources familiar with the matter at hand, T-Mobile, the largest wireless operator in the U.S., is exploring the potential acquisition of its rival Sprint Corp in an… Read More ›
Uber’s Asia business under bribery cloud; allegations of bribery being probed by DOJ
Uber’s law firm O‘Melveny & Myers LLP is investigating on why some potentially problematic business dealings were not disclosed sooner. With a federal probe looking into whether Uber Technologies broke U.S. bribery laws, the ride services company has begun reviewing… Read More ›
China Should Open Up Markets Like It Says It Will, European Group Urges The Second Largest Economy
The European Union Chamber of Commerce in China warned that China needs to make good on its own repeated calls to open up its markets, or face consequences. With President Xi Jinping making speeches on openness and globalization, China has publicly avowed to do… Read More ›
Bayer revises the completion of its $66 billion takeover of Monsanto to early 2018
The European Commission is scrutinizing the impact the deal will have on competition in pesticides and seeds markets. On Tuesday, German pesticides and drugs makers Bayer said, it would need some more time to complete its $66 billion takeover of… Read More ›
Clariant’s $20 billion merger with Huntsman Corp in doubt after White Tale becomes Clariant’s biggest shareholder.
As per White Tale the merger between the two Swiss chemical makers did not make sense since it does not bring about value to shareholders. Of the $400 million cost savings that are targeted through the merger, Clariant alone could… Read More ›
Austria’s Defense Minister hints at out-of-court settlement as a possible way out for Airbus
The Airbus & the Eurofighter consortium are furious with the manner Austria has been handling the outcome of the deal. The presumption of innocence is a fundamental concept that cannot and should not be cast aside and disregarded – said… Read More ›
Second largest U.S. Toy Store files for Chapter 11
The fierce competition between Amazon.com and Wal-Mart are driving retailers out of business. More than a dozen significant retail chains, including Perfumania Inc, rue21 Inc, BCBG Max Azria Global Holdings LLC, Gymboree Corp, and Payless Holdings LLC have filed for… Read More ›