Tag: Mergers and acquisitions
Toyota acquires Lyft’s self-driving unit for $500 million
TOKYO — Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $500 million, in a move that underlines the...
UK firm Super Group entering US sports, online casino market
ATLANTIC CITY, N.J. — Super Group, a British company that owns a sports betting and an online casino company, is seeking to enter the...
Toshiba brushes off renewed push from CVC on acquisition bid
TOKYO — Toshiba Corp. on Tuesday brushed off a fresh missive from CVC Partners about the global fund’s proposal to acquire the Japanese manufacturer,...
UK to assess security implications of Nvidia takeover of Arm
LONDON — The British government has asked regulatory authorities to investigate the proposed takeover of computer chip design firm Arm Holdings by the U.S....
Northeast banks Webster, Sterling to merge in all-stock deal
NEW YORK — Webster Financial Corp. is buying Sterling Bancorp in an all-stock deal that values Sterling at more than $5 billion, the northeastern...
Polish civic groups oppose ‘takeover’ of human rights office
WARSAW, Poland — More than 120 Polish organizations have voiced opposition to what they call “the hostile takeover” of the office of the country's...
How billionaire is using financial muscle for racial equity
Inspired by the racial justice protests of 2020, Jahm Najafi is ready to shed his normally low profile to make some headlines for his...
Genworth pulls plug on its acquisition by China Oceanwide
RICHMOND, Va. — Insurer Genworth Financial has pulled the plug on its long-delayed acquisition by a Chinese company.
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Japan’s Toshiba studies acquisition proposal by global fund
TOKYO — Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal.
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Big railroad deal seen more likely to gain regulators’ OK
OMAHA, Neb. — Wary regulators have not approved a major railroad merger since the 1990s, but industry analysts say Canadian Pacific's proposed $25 billion...