Tag Archives: Takeover

Broadcom Takeover of Qualcomm Blocked by US President Trump’s Executive Order

US President Donald Trump on Monday blocked microchip maker Broadcom’s proposed takeover of Qualcomm on national security grounds, ending what would have been the technology industry’s biggest deal ever amid concerns that it would give China the upper hand in mobile communications. The presidential order reflected a calculation that the United States’ lead in creating technology and setting standards for the next generation… Read More »

Qualcomm Board to Discuss Broadcom’s Takeover Bid

Qualcomm said Wednesday its board would “promptly” consider a hostile $121 billion (roughly Rs. 7.8 lakh crores) takeover bid by Singapore-based Broadcomfollowing a meeting of top executives of the two computer chipmaking giants. “We met with representatives of Broadcom for two hours earlier today, and listened carefully to what they had to say,” Qualcomm said in a statement. “The Qualcomm board will… Read More »

Should web designers be wary of the AI takeover?

WEB DESIGN Web design is, I’m sure we can all agree, a highly skilled field. A professionally designed website is going to be markedly different from a basic WordPress template, and while both are useful, web designers are probably pretty confident that there will be enough clients willing to pay good money for a good product. Read also:… Read More »

Marmite owner Unilever sees no merit in Kraft takeover

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever… Read More »

Sky and 21st Century Fox agree £18.5bn takeover deal

Broadcaster Sky and 21st Century Fox have reached agreement on the terms of a takeover deal. Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own. Sky shareholders will receive £10.75 in cash for each share, valuing the company at £18.5bn. The deal comes amid concerns that Rupert Murdoch, who also… Read More »

Burberry rejects multiple takeover offers from Coach

British luxury fashion brand Burberry (BRBY.L) has rejected multiple takeover offers from U.S. handbag maker Coach Inc (COH.N), the Financial Times reported on Sunday. The market value of the combined company would have been above $20 billion (16 billion pounds), according to the Financial Times. (on.ft.com/2gRcis1) The report said proposals made by the U.S. company were informal and… Read More »

Tesla shareholders approve $2.6bn SolarCity takeover

Tesla Motors chief executive Elon Musk has won shareholder approval for a $2.6bn (£2.1bn) deal to buy solar panel company SolarCity, in which he is the largest shareholder. The takeover will expand the electric car maker’s clean energy business. Some investors had opposed the move, citing a conflict of interest. But Tesla said the tie-up was “overwhelmingly” approved… Read More »

Bayer clinches $66bn Monsanto takeover in controversial deal

Bayer has clinched its takeover of controversial “frankenstein” foods company Monsanto for $66bn (£50bn) in a deal that creates the world’s biggest maker of seeds and pesticides. The takeover, finalised today, is the largest ever by a German company and the biggest acquisition in the world this year, but some analysts have already labelled the deal a “horror story”. The… Read More »

Bayer confirms $66bn Monsanto takeover

German chemicals giant Bayer has confirmed its record-breaking $66bn takeover of GM seeds business Monsanto – a deal that would create the world’s biggest seeds and pesticides company. The offer, a record cash takeover, values Monsanto shares at $128 and will create a company worth $66bn (£50bn). As well as farm-products, Bayer also sells healthcare products including Alka-Seltzer.… Read More »

Halliburton and Baker Hughes abandon $34.6bn takeover

US oil services companies Halliburton and Baker Hughes have called off their proposed merger after resistance from regulators in the US and Europe. The deal, announced in 2014, would have seen a $34.6bn takeover by Halliburton of Baker Hughes, creating a powerful rival to global leader Schlumberger. Halliburton and Baker Hughes are the second and third biggest oil… Read More »