Deal

    • France recalls envoys over diplomatic row with US, Australia

      France recalls envoys over diplomatic row with US, Australia

      France stepped up a diplomatic row with US and Australia over a failed contract which resulted in dumped security deal concerning building and delivery of submarines to Canberra. Paris recalled its ambassadors in US and Australia, Reuters reported. The decision taken by President Emmanuel Macron was made due to the "exceptional gravity" of the matter, Foreign Minister Jean-Yves Le Drian said.

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    • EasyJet raises $1.7bn to ease pandemic slump

      EasyJet raises $1.7bn to ease pandemic slump

      The budget carrier EasyJet announced it had rejected a takeover bid. The company also noted that it planned to fight the pandemic downturn by raising extra cash from investors to buy additional landing slots. The earmarked volume needed to fund the recovery of the airline is $1.7bn.

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    • Sanofi acquires Kadmon for $1.9bn

      Sanofi acquires Kadmon for $1.9bn

      The French pharmaceutical company Sanofi announced it had reached a deal to buy US biopharmaceutical company Kadmon for 1.9 billion dollars. The deal comes only a month after the French firm purchased of another US biotech, Translate Bio, for $3.2 billion, Reuters reported. Sanofi elaborated it had offered $9.50 per share in cash for Kadmon, representing a total equity value of approximately $1.9 billion and that both companies' boards unanimously approved the transaction.

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    • PayPal buys Japanese Paidy for $2.7bn

      PayPal buys Japanese Paidy for $2.7bn

      US payments platform PayPal announced it had reached a deal to acquire the Japanese buy now, pay later company Paidy for a total of $2.7 billion. The transaction is mainly a cash deal, Reuters elaborated. The deal is a key step for PayPal to claim a pole position in an industry experiencing a pandemic-led growth.

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    • Pfizer buys out Trillium in $2.26bn deal

      Pfizer buys out Trillium in $2.26bn deal

      Pharmaceutical companies Pfizer and Trillium announced they had agreed over a 2.26 billion deal. The definitive agreement envisages that Pfizer will acquire all Trillium outstanding shares, Reuters elaborated. The Canadian company Trillium is developing medicines that boost patients' innate immune system to detect and destroy cancer cells. Its two lead candidates, which focus on types of blood cancer, are currently in early-stage studies.

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    • Goldman Sachs buys NNIP for €1.7bn

      Goldman Sachs buys NNIP for €1.7bn

      US investment bank Goldman Sachs announced it had reached a deal to acquire NN Investment Partners, which is the investment arm of Dutch NN insurance company. Currently NNIP has some $335 billion in assets under its management, and the acquisition will double the total that Goldman Sachs manages in Europe to over $600 billion, Reuters reported.

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    • Hyatt buys Apple Leisure for $2.7bn

      Hyatt buys Apple Leisure for $2.7bn

      US hotel operator Hyatt announced it had agreed a deal to acquire the resort company Apple Leisure Group from KKR. In 2017, KKR together with KSL bought the resort operator from Bain Capital for undisclosed price, Reuters elaborated. The hotel operator said it anticipates  fulfilling  its  current  plans to sell  $1.5 billion  of hotel real estate in  2021 and is further committing to an  additional  $2 billion  in proceeds from the sale of hotel real estate by the end of 2024. 

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    • Facebook agrees to pay to 170 Australian newspapers

      Facebook agrees to pay to 170 Australian newspapers

      The social network conglomerate agreed to provide financing for setting an innovation fund in Australia as part of a licensing deal with local media, Reuters reported. Under the agreement some 170 local Australian newspapers are set to receive cash from the giant. That brings closer series of agreements announced by Facebook in Australia since the country legislated to make it and Google negotiate content payments to media outlets amid clearb threats of government arbitration.

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    • Panasonic cashes huge profit on Tesla stake sale

      Panasonic cashes huge profit on Tesla stake sale

      Japanese conglomerate Panasonic announced it had managed to sell its stake in the electric cars producer Tesla, Reuters reported. The sale brought enormous profit equaling about seven times the initial invested sum. Panasonic received $3.61 billion for its stake in Tesla. The sale comes as Panasonic tries to reduce its dependence on Tesla and channel the profit to new investments.

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    • Visa buys European Tink platform for €1.8bn

      Visa buys European Tink platform for €1.8bn

      The international card operator Visa announced it had agreed terms to acquire European open banking platform Tink for a total of 1.8 billion euros, Reuters reported. The deal comes in effect a few months after Visa dumped plans to acquire US rival Plaid. Tink was established in Sweden in 2012 and enables banks and other financial firms to access consumer financial data more easily. It is used by more than 3,400 banks and other institutions, as well as over 250 million customers across Europe.

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