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Mergers and acquisitions

McDonald’s increases minority stake in China business

by Adrian Jhonsan
McDonald’s increases minority stake in China business

Customers wait for their takeout food outside a McDonald’s restaurant during the May Day holiday on May 1, 2022 in Beijing, China. VCG | Getty Images McDonald’s is buying Carlyle’s …

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Categories World

Trump social media company has lost $31 million, faces possible shutdown

by Adrian Jhonsan
Trump social media company has lost  million, faces possible shutdown

[Editor’s Note: This article and headline have been corrected to state that Trump Media and Technology Group, the parent company of Truth Social, has lost $31.6 million since it was …

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Categories World

GoCardless considers takeovers amid payments industry consolidation

by Adrian Jhonsan
GoCardless considers takeovers amid payments industry consolidation

Hiroki Takeuchi, GoCardless chief executive, on the MoneyConf Stage, attends Web Summit 2021 in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images GoCardless, the British fintech company backed by …

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Categories World

Hong Kong’s IPO market is still in a slump despite an expected rebound

by Adrian Jhonsan
Hong Kong’s IPO market is still in a slump despite an expected rebound

Hong Kong Street Scene, Mongkok District with busses Nikada | E+ | Getty Images Hong Kong’s initial public listing market remains in a slump, even as analysts predicted a market …

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Categories World

Databricks, the $43 billion AI firm, acquires Arcion for $100 million

by Ev Richard
Databricks, the  billion AI firm, acquires Arcion for 0 million

Ali Ghodsi, co-founder and CEO of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Getty Images …

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Categories Technology

Public gaming companies sit on $45 billion cash hoard, Konvoy says

by Adrian Jhonsan
Public gaming companies sit on  billion cash hoard, Konvoy says

Gamers play the video game “Star Wars Battlefront II” during the “Paris Games Week” on Oct. 31, 2017. Chesno Publicly listed gaming companies are sitting on a $45 billion pile …

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Categories World

MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC

by Adrian Jhonsan
MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC

Bymuratdeniz | E+ | Getty Images Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition …

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Categories World

Microsoft-Activision Blizzard takeover approved by UK regulator CMA

by Ev Richard
Microsoft-Activision Blizzard takeover approved by UK regulator CMA

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Britain’s top competition watchdog on Friday …

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Categories Technology

EU orders biotech giant Illumina to unwind $7.1 billion purchase of cancer-screening company Grail

by Shawn Butlere
EU orders biotech giant Illumina to unwind .1 billion purchase of cancer-screening company Grail

The European Union is ordering U.S. biotech giant Illumina to undo its $7.1 billion purchase of cancer-screening company Grail because it closed the deal without approval of regulators ByRAF CASERT …

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Categories Health

How Ozempic and Wegovy turned Novo Nordisk into a $400 billion company

by Shawn Butlere
How Ozempic and Wegovy turned Novo Nordisk into a 0 billion company

Danish drugmaker Novo Nordisk has entered a new chapter in its 100-year history — thanks to its newfound success with two products: Ozempic and Wegovy.  The drugs are once-weekly injectables …

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Categories Health
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