According to sources familiar with the matter at hand, Broadcom Inc is in talks to acquire cloud service provider VMware Inc. “Negotiations between Broadcom and VMware are ongoing and a deal is not imminent,” said sources. The terms of the deal… Read More ›
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Spain aims to be LNG hub in Europe
According to sources from the Spanish government, Madrid is slated to sign a $300 billion deal with Qatar’s sovereign wealth fund, wherein the latter will invest in Spanish projects that are funded by European Union COVID recovery funds. The deal… Read More ›
Iraq signs defense deals with France & US
In a news report, Iraq’s state news agency INA reported, Baghdad has signed defense contracts with the Washington and Paris towards the import of advanced weapons which will strengthen its artillery. The report citing a senior military commander said, long-range… Read More ›
British real estate firms Capital & Counties Properties and Shaftesbury Plc in advanced merger talks
In a statement British real estate firms Capital & Counties Properties along with Shaftesbury Plc said, they are in advanced talks on a merger. In the potential merger, Shaftesbury would own 53% and Capco shareholders would own the remainder in a deal… Read More ›
Germany to purchase 35 F-35s from United States
Germany has decided to purchase 35 U.S. F-35 fighter jets to replace its ageing Tornado fighters that are capable of delivering a nuclear bomb. The development sees a significant shift in German security policy, including a pledge to reach NATO’s… Read More ›
Intel aims to acquire Tower Semiconductor for around $6 billion
According to a source familiar with the matter at hand, Intel Corp is close to acquiring Israel’s Tower Semiconductor for around $6 billion. The deal comes at a time when Intel is looking to advance its strategy of contract manufacturing chips… Read More ›
Frontier Group Holdings and Spirit Airlines Inc announce $2.9 billion merger
In a statement budget carriers Frontier Group Holdings and Spirit Airlines Inc announced their merger in a bid to create the fifth-largest U.S. airline in a deal worth $2.9 billion. With the news of the proposal to create a new carrier… Read More ›
Israel and Bahrain sign security cooperation agreement
In a significant development, Israel and Bahrain signed a security cooperation agreement marking the first such agreement between Tel Aviv and a Gulf nation. The security cooperation agreement was signed during a visit by the Israeli defence minister to the… Read More ›
FTC will conduct antitrust review of Microsoft’s acquisition of Activision Blizzard Inc
According to a source familiar with the matter at hand, the US Federal Trade Commission (FTC) will conduct an antitrust review of Microsoft Corp’s proposed acquisition of Activision Blizzard Inc. The FTC will scrutinize the deal to see whether it will… Read More ›
Temasek Holdings seeks to acquire controlling stake in Element Materials Technology for around $7 billion
Singapore’s Temasek Holdings has agreed to acquire Element Materials Technology for around $7 billion, in an attempt to boost growth in the testing and inspection services market, said two sources familiar with the matter at hand. State investor Temasek, which acquired… Read More ›