Margherita Della Valle, the CEO of Vodafone, expressed her satisfaction with the improved performance in almost all European markets, while acknowledging that there is still further to go. The release of these figures comes in the wake of Vodafone’s recent confirmation of plans to merge with Three, a smaller rival, creating the largest mobile network …
A potential acquisition of one of the largest car dealerships in the UK is on the brink of collapse following the announcement by a significant shareholder that it would oppose the deal. Constellation, a major shareholder of Lookers car dealership, owning just under a fifth of the company’s shares, has publicly declared its intention to …
Thibaut Mongon, CEO, and Paul Ruh, CFO of Kenvue Inc., Johnson & Johnson’s consumer-health business, pose together during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., on May 4, 2023. Brendan McDermid | Reuters Johnson & Johnson announced that its shareholders will soon have the opportunity to exchange …
Microsoft’s acquisition of Activision Blizzard, a video game company, has hit regulatory hurdles from US and UK authorities, resulting in an extension of the deadline for the $69 billion deal. The new deadline has been pushed to October 18, allowing more time for the companies to address the remaining regulatory issues. Brad Smith, president …
Microsoft, the formidable tech leader, has inked a groundbreaking agreement to ensure that the popular game Call of Duty remains available on the Playstation console. This move comes as part of Microsoft’s ongoing efforts to gain regulatory approval for its monumental $69bn (£52bn) acquisition of Activision, the publisher behind the game. Phil Spencer, the head …
Eli Lilly and Company, a prominent pharmaceutical company headquartered in Alcobendas, Madrid, Spain, has announced its acquisition of Versanis, a privately held obesity drug maker, for a staggering sum of up to $1.93 billion. This strategic move aims to enhance Eli Lilly’s weight loss treatment portfolio. The transaction will see Eli Lilly make cash payments …
Rafael Henrique | Lightrocket | Getty Images European Union regulators have imposed a record €432 million ($476 million) fine on Illumina for completing its acquisition of cancer test developer Grail without obtaining regulatory approval. This fine represents 10% of San Diego-based Illumina’s turnover, the maximum allowed under EU merger rules. The fine levied on Illumina …
FTC Chair Lina Khan’s Vision of Antitrust Enforcement Challenged by Judge’s Ruling A federal judge recently rejected the Federal Trade Commission’s (FTC) request for a preliminary injunction to halt Microsoft’s acquisition of Activision Blizzard. This ruling not only jeopardizes the deal but also undermines FTC Chair Lina Khan’s approach to antitrust enforcement. Although the judge’s …
Microsoft’s $69 billion takeover of video game company Activision Blizzard has been granted approval by a federal judge, marking a significant win for Microsoft. In her ruling, US District Judge Jacqueline Scott Corley stated that the Federal Trade Commission (FTC) has not provided evidence to suggest that this merger would substantially lessen competition. The …
Rohit Sipahimalani, chief investment officer of Temasek Holdings Pte, spoke during a news conference in Singapore on Tuesday, July 11, 2023. Ore Huiying | Bloomberg | Getty Images Singapore’s sovereign wealth fund Temasek does not currently plan to invest in crypto companies due to the regulatory uncertainty in the sector, according to its chief investment …