Airbus sources wings for all of its commercial aircrafts from the UK. In the short term, a no-Brexit deal will impact its lead times and waiting lists for deliveries. In what is likely to be one of Airbus’ strongest warning… Read More ›
deal
Comcast places $65 billion in it bid for Fox Inc’s media assets
Comcast’s all cash offer may not go down well with Fox’s biggest shareholder, the Murdoch family, since accepting the deal would force it to potentially pay a multi-billion dollar capital gains tax. In a move that has essentially sparked a… Read More ›
The U.S. and China nearing deal to lift U.S. ban on ZTE Corp
The potential deal underscores the strategic importance tech know-how and market influence are to Beijing while Washington focuses on trade and slashing its trade deficit with China. As per two sources briefed on the talks between the United States… Read More ›
Xerox ends deal with Fujifilm, settles row with Carl Icahn and Darwin Deason
Xerox found “material deviations” between the audited Fuji Xerox financial statements and unaudited statements that was provided to it earlier. In a significant development, Xerox Corp stated it was in the process of ending its planned $6.1 billion deal with… Read More ›
Xerox retains management team and CEO following expiry of deal with Icahn and Deason
With the NY Supreme Court judge holding off from taking a decision in this case and with the next hearing yet to be scheduled, Fujifilm Holdings scored a small victory against activist shareholders Carl Icahn and Darwin Deason over their… Read More ›
Demand for DirectTV or Turner divestment could lead to no deal: AT&T
Judge Richard Leon is expected to take a decision on the proposed merger by June 12. As per a court filing, AT&T wants a federal judge to reject any request by the U.S. Justice Department which compels it to divest… Read More ›
Marathon Petroleum Corp proposes to buy Andeavor for more than $20 billion
The potential deal is expected to produce $1 billion in synergies. As per a Wall Street Journal report, Marathon Petroleum Corp, a U.S. refiner has proposed to acquire its peer Andeavor for more than $20 billion in a cash-and-stock deal… Read More ›
Amazon signs $130 million deal to stream NFL for two more seasons
Amazon is using the Thursday night games as a vehicle to its lucrative Prime club. As per a source familiar with the matter at hand, Amazon.com Inc has agreed to pay $65 million per year to the National Football League… Read More ›
Akzo Nobel to sell its Specialty Chemicals business to Carlyle Group GIC for $12.6 billion
The deal may have been aimed at avoiding a takeover from its rival PPG Industries. On Tuesday, Akzo Nobel disclosed that it will be selling its Specialty Chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC for… Read More ›
Norweigian defense contractor Kongsberg Gruppen signs $1.93 billion deal with Qatar
The deal will see Kongsberg Gruppen supply military vehicles, weapons technology and help in the digitization of 490 armored vehicles. On Tuesday, Kongsberg Gruppen, a Norwegian defense contractor disclosed it has signed a letter of intent to supply equipment for… Read More ›
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