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 ›
regulators
U.S. regulators propose rewriting and simplification of financial rules
The proposal aims to simplify and ease some of the overreaching aspects of the rule which places undue and excessive burden on financial compliance. With the Federal Reserve, along with other U.S. regulators, proposing to rewriting the “Volcker Rule” that… Read More ›
Cross-border derivatives contracts worth $35 trillion hangs in Brexit’s balance
ESMA and regulators across the EU are keeping a hawk eye on the mountain of cross border derivative contracts that go beyond Brexit. According to a top regulator from the European Union, the EU may not have enough time to… Read More ›
Toshiba’s net profit expected to zoom on planned sale of its NAND memory business
Toshiba’s sale of its memory business hinges on getting regulatory approval from Chinese authorities by May 31, 2018. Toshiba Corp stated, it expects a 33% rise in net income thanks to proceeds from its planned $18 billion sale of… Read More ›
British supermarket store proposes to acquire Walmart’s Asda for $10 billion
The potential merger, a stock and cash deal, between Britain’s second and third biggest retail groups has cost synergies of at least 500 million. In a significant development, Britain’s Sainsbury has agreed to acquire Walmart’s Asda for around $10 billion… Read More ›
Bayer snags EU’s antitrust approval for its $62.5 billion acquisition of Monsanto
While Bayer has already received approval from Brazil and conditional approval from China, its acquisition of its peer Monsanto is currently awaiting review by Russian and U.S antitrust authorities. In the latest mega mergers that will reshape the agrochemicals industry,… Read More ›
Levered and inverse ETPs should be labeled differently from ETFs: BlackRock
Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›
Uber’s CEO to visit India and Japan to boost firm’s image
The charm offensive is aimed at prucing up the firm’s image and reassuring employees, partners, regulators and government officials that Uber means well and wants to improve the quality of services in the country. Uber Chief Executive, Dara Khosrowshahi, is… Read More ›
Walt Disney acquires 21st Century Fox Inc for $52.4 billion
The deal, representing on the biggest in the movie and television industry in recent years, should be seen in the context of viewers migrating to technology companies such as Amazon.com and Netflix for their on-demand, anywhere, anytime access features. No… Read More ›
Broadcom intends to make significant changes in Qualcomm’s patent licensing system
Qualcomm’s patent licensing system is the root cause of much dispute. By targeting changes in it, Broadcom can win over antitrust regulators and Apple. In a development pregnant with possibilities, a source familiar with the matter at hand has stated,… Read More ›