In a statement Meta Platforms Inc said, it had closed its acquisition of U.S. customer service startup Kustomer, after gaining antitrust approval from the European Commission last month. The acquisition was announced in November 2020 but got delayed due to regulatory… Read More ›
approval
Sydney Airport Holdings’s board rejects $16.81 buyout offer citing undervaluation, open to higher offer
On Monday, Sydney Airport Holdings Pty Ltd said it has rejected an improved bid worth $16.81 billion (A$22.80 billion) from a group of infrastructure investors since it felt it was undervalued; it went on to add, it was open to… Read More ›
AstraZeneca-Oxford COVID-19 vaccine starts rolling out in UK
In a statement British Health Secretary Matt Hancock said, hundreds of thousands of doses of the AstraZeneca-Oxford COVID-19 vaccine will start rolling out in Britain after the COVID-19 vaccine candidate was approved by regulators. “We’ll get going on this,” said… Read More ›
Brazilian Health Ministry signs non-binding letter-of-intent to buy COVID-19 vaccines from 5 companies
In a statement, Brazil’s health ministry said, it will be signing a non-binding letters of intent to buy coronavirus vaccines from four companies as well as from Russia’s sovereign wealth fund; these purchases will be subject to the approval of… Read More ›
Beyond Meat launches plant-based minced pork in China
On Tuesday, Beyond Meat Inc launched a plant-based minced pork in China. The Los Angeles-based producer of plant-based alternative meat substitute is seeking to tap growing demand for its products in the lucrative Chinese market. In a statement Beyond Meat said,… Read More ›
FCC okays foreign ownership in iHeartMedia to exceed 25% of foreign investment cap
In a statement the U.S. Federal Communications Commission (FCC) said, it has approved a petition which allows foreign investors to exceed the current 25% foreign investment cap in iHeartMedia Inc. In 2018, the company had filed for bankruptcy and in… Read More ›
Beijing grants first COVID-19 vaccine patent to CanSino Biologics Inc
In a significant development, Chinese vaccine specialist CanSino Biologics Inc has been approved by Beijing to produce its COVID-19 vaccine candidate Ad5-nCOV, said a report from the state media citing documents from the China’s intellectual property regulator. This is the… Read More ›
DoJ approves Raytheon UTC merger subject to divestitures
In a statement, the U.S. Justice Department stated, it has approved the planned merger of United Technologies Corporation with Raytheon Co, subject to certain conditions. In June 2019, UTC agreed to combine its aerospace business with Raytheon in order to… Read More ›
PG&E Corp wins approval for $23 billion bankruptcy turnaround plan
PG&E Corp, a power producer, stated, it has won an approval from a bankruptcy court to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments. According to its filing, the… Read More ›
Tesla to sell longer driving range Model 3 vehicles in China
On Friday, China’s Ministry of Industry and Information Technology stated, Tesla Inc has secured an approval from the government to sell a longer-range Chinese-made model 3 vehicles in the country. These Model 3 vehicles will have a driving range of… Read More ›