Cryptocurrency company Ripple has made a significant announcement, revealing its acquisition of startup Fortress Trust. This move allows Ripple to expand beyond its primary focus of blockchain-enabled payments by gaining a license in Nevada. The terms of the deal have not been disclosed. Fortress Trust, founded in 2021 by Scott Purcell, specializes in assisting large …
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England. John Keeble | Getty Images News | Getty Images Shares of Chinese automaker BYD listed in China surged over 5% on Tuesday, following the announcement of a significant increase in first-half profit. …
Microsoft is emphasizing its efforts to address regulatory concerns regarding its bid to acquire Activision Blizzard in the UK. Brad Smith, Microsoft’s vice-chairman and president, stated that the company took these concerns seriously and is awaiting the regulators’ decision. The new proposal submitted by Microsoft has been restructured, and the UK’s Competition and Markets Authority …
In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Roark Capital has finalized the acquisition of Subway, bringing an end to the sandwich chain’s long-standing family ownership and marking a new chapter for the struggling company. …
Subway announced on Thursday that it will be acquired by Roark Capital, a private equity firm known for its restaurant management expertise. This acquisition is expected to facilitate the expansion and improvement of Subway’s stores. The specific terms of the deal have not been disclosed. According to the Wall Street Journal, Roark Capital has …
SoftBank, the Japanese conglomerate, has unveiled plans to list its chip design company, Arm, in the United States. Arm has filed for a Nasdaq listing, aiming to go public in a period when tech IPOs are typically slow. The company, which wants to trade under the ticker symbol “ARM,” reported $524 million in net income …
Image: Jeff Greenberg | Universal Images Group | Getty Images Aldi, the German supermarket chain, has announced plans to acquire numerous Winn-Dixie and Harveys Supermarket locations across the Southern United States. This strategic move is set to expand Aldi’s growing presence in the region. In an official news release on Wednesday, Aldi revealed its intention …
CHATHAM COUNTY, NORTH CAROLINA – July 28: VinFast CEO Le Thi Thu Thuy speaks as Electric carmaker Vinfast breaks ground in its $4B NC manufacturing plant located within the Triangle Innovation Point on July 28, 2023. Nick Ut | Getty Images News | Getty Images VinFast, the Vietnamese electric vehicle manufacturer, is set to make …
The Securities and Exchange Commission (SEC) has initiated an investigation into Illumina regarding its controversial $7.1 billion acquisition of cancer test developer Grail, according to a securities filing released by the DNA sequencing company. The SEC notified Illumina about the probe and requested relevant documents and communications related to the deal, as well as statements …
Novo Nordisk, a Danish pharmaceutical company, has announced its acquisition of Inversago Pharma, a private obesity drug manufacturer, for a potential sum of $1.08 billion. This move aims to expand Novo Nordisk’s portfolio of weight loss treatments, following the success of its Wegovy and Ozempic injections. The final price of the deal will be determined …