Given the synergies of both companies, Elon Musk has described the deal as a “no brainer”. Tesla Motors Inc. has disclosed that its acquisition of SolarCity Corp will add $500 million in cash to its balance sheet over the next… Read More ›
Regulations & Legal
Broadcom close to acquiring Brocade Communications Systems Inc.
Broadcom is the third largest U.S. semiconductor manufacturer by revenue, behind Intel and Qualcomm. According to sources familiar with the matter at hand, Broadcom Ltd is said to be nearing a deal to acquire Brocade Communications Systems Inc. which makes… Read More ›
Accounting Scandal Results in Tesco Facing £100m Claim from Investors
A group of investors say that the supermarket Tesco made misleading statements to the stock market and as a result the company is facing a claim of more than £100m in damages. Involved in the claim filed by law firm… Read More ›
BlackBerry partners with Ford Motors
In a first of its kind, BlackBerry has partnered with Ford Motor to expand the usage of its QNX operating system. The terms of the deal has yet to be disclosed. On Monday, BlackBerry Ltd disclosed it has signed a… Read More ›
Britain to splurge $2.32 billion boost cyber defences
In an increasingly connected world safeguarding national infrastructure is of prime importance. According to a statement from the British Treasury, Britain will spend $2.32 billion (1.92 billion pound) to boost its cyber security defences. Britain’s new National Cyber Security Strategy… Read More ›
Hilton Worldwide Holding’s 3-way split could boost revenues by 25%
Facing stalling travel plans from consumers, the group’s earnings have been revised downwards 3 times in a row. According to a report from Barron’s the shares of Hilton Worldwide Holdings Inc. could shoot up by a minimum of 25% if… Read More ›
GE set to acquire Baker Hughes for ~$30 billion
The deal could help redefine Baker Hughes following its failed merger with Halliburton. The Wall Street Journal has reported citing sources familiar with the matter at hand, General Electric Co is close to sealing a nearly $30 billion to merge… Read More ›
Uber sees commuters travelling in VTOL planes in the next decade
Uber has a vision that could revolutionise transportation. In early 2017, it plans on hosting a summit wherein it hopes to lay out a potential roadmap. According to Uber, the future of transportation is literally looking up: it envisages commuters… Read More ›
General Electric in early discussion with Baker Hughes for potential acquisition
Although GE has portrayed this discussion as one related to a partnership, the Wall Street Journal has cited an anonymous source, who’s familiar with the matter at hand, saying the discussions are for a potential acquisition. Reuters has cited a… Read More ›
EU-Canada deal postponed until further notice
Although 27 EU states agreed on CETA, the South of Belgium had concerns related to agricultural imports which could result in MNCs dictating terms of public policy as well as those related to dispute settlements. Belgian politicians appear to be… Read More ›
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