Keywords: Merger
SpaceX and Elon Musk's xAI are negotiating a potential merger that could pave the way for the largest initial public offering in history, according to an exclusive Reuters report. The deal would unite Musk's aerospace powerhouse with his AI venture, folding the Starlink satellite network, the......
Netflix's co-CEO Greg Peters has pledged to keep the acclaimed HBO team fully intact following the company's planned takeover of Warner Bros. Discovery. In a recent interview, Peters emphasized that this elite group excels at nurturing top talent and crafting exceptional stories, promising them......
David Ellison, chief executive of Paramount, has ramped up his campaign against Netflix's proposed acquisition of Warner Bros. Discovery by engaging directly with key European figures. He met with UK Culture Minister Lisa Nandy on Thursday and French President Emmanuel Macron earlier in the week,......
Anglo American and Teck Resources have announced a landmark $53 billion merger to create one of the world’s largest copper producers, cementing Canada’s role as a global leader in critical minerals amid surging demand for metals driven by the energy transition. Formation of Anglo Teck and......
Nissan has officially ended merger negotiations with Honda, abandoning plans that would have created a formidable automotive alliance. The news, reported by the Nikkei financial daily, triggered significant market movements, with Nissan's shares plummeting while Honda's stock surged on the Tokyo......
Nippon Steel and U.S. Steel have filed a lawsuit to contest President Joe Biden's decision to block their $14.9 billion merger, a move they claim violated their constitutional rights. Although legal experts believe the lawsuit is unlikely to succeed, it could provide the companies with valuable time......
Japanese automakers Honda and Nissan have agreed to enter negotiations regarding a historic merger that could establish the third-largest automotive group in the world. The two companies announced this significant development through a joint statement, confirming that they have signed a Memorandum of......
Viatris, the US-based pharmaceutical corporation, has been fined $760,000 by Moroccan regulators for failing to inform them about its merger. The fine, which amounts to 2.5% of the company's revenue in Morocco for the previous year, highlights the country's commitment to enforcing its antitrust......
Spirit Airlines has officially filed for Chapter 11 bankruptcy protection, citing mounting losses, increasing debt, and a failed merger as key factors in its decision. The Florida-based airline made the announcement on Monday, detailing the steps it will take to stabilize its operations amid financial......
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