On Wednesday, in a statement Adecco Group said, it has agreed to acquire AKKA Technologies for $2.4 billion (2 billion euros) and merge it with its own Modis tech brand. The acquisition’s synergy stems from the fact that AKKA’s its… Read More ›
M&A
European Commission approves AerCap’s $30 billion bid for General Electric’s aircraft leasing business
On Tuesday, a filing on the European Commission website shows, the European Commission has approved AerCap’s $30 billion bid for General Electric’s aircraft leasing business without any conditions. The deal between the Irish aircraft leasing company and General Electric’s aircraft… Read More ›
Novo Nordisk acquires Prothena Corp’s experimental heart therapy PRX004
In a joint statement Danish drugmaker Novo Nordisk and U.S. drug developer Prothena Corp said, the former will acquire the latter’s experimental heart therapy PRX004, in a deal that could be worth up to $1.23 billion. Novo’s acquisition is in… Read More ›
Visa eyeing acquisition of European open banking platform Tink
In a statement Visa Inc said, it had agreed to a $2.2 billion (1.8 billion euro) takeover of European open banking platform Tink. Founded in 2012, Sweden-based Tink is an open banking platform that enables banks and other financial institutions to… Read More ›
Hyundai Motor Group completes acquisition of Boston Dynamics from SoftBank Group Corp
On Monday, in a statement SoftBank Group Corp said, Hyundai Motor Group has completed the acquisition of Boston Dynamics, a robotics firm, from the Japanese conglomerate. The deal, announced in December 2020, valued Boston Dynamics at $1.1 billion, and saw… Read More ›
Blackstone closing in to acquire office developer Hong Kong listed Soho China
According to a report from Bloomberg News, Blackstone Group Inc is closing in on a deal to acquire office developer Soho China Ltd in what could be its biggest real estate investment in China. Hong Kong-listed Soho China could be… Read More ›
Ebay Inc sells South Korean business to Shinsegae Group and Naver for $3.6 billion
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
Bigger mergers will attract higher fees after this proposed bill becomes law
In a significant development, the U.S. Senate has passed a bill that aims to increase the fees that companies would have to pay government antitrust agencies in case of large mergers. As a result, these government agencies will also have… Read More ›
JPMorgan exploring potential opportunities for add-on acquisitions
In a statement Mary Callahan Erdoes, the head of asset and wealth management at JPMorgan Chase & Co said, her division of the bank is “looking into possible opportunities for add-on acquisitions”. “I wouldn’t assume we haven’t done anything,” said… Read More ›
First quarter revenues of private jet company Wheels Up jumps by 68%
In a statement Wheels Up, a Private jet company, reported a whopping 68% jump in its first quarter revenues as well as a 56% bump in its active members, as a result of consumers opting to fly private due to… Read More ›
