Merger

    • EU rules on AstraZeneca-Alexion $39bn merger

      EU rules on AstraZeneca-Alexion $39bn merger

      EU antitrust regulators are expected to rule by the beginning of July if they allow a merger between the pharmaceutical conglomerates AstraZeneca and the US Alexion, Reuters reported. The value of the expected deal is estimated at some 39 billion dollars. AstraZeneca is a producer of one of the approved vaccines against Covid-19.

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    • UK allows the O2-Virgin £31.4bn merger

      UK allows the O2-Virgin £31.4bn merger

      UK announced that the long awaited merger between the broadband company Virgin Media and Telefonica's British mobile network O2 has received a green light, Reuters reported. The deal will result in establishing of a new telecommunication giant with a combined value of 31.4 billion pounds. It took several months before the UK antitrust body gave a go ahead to the deal.

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    • Betway value edges to $5bn ahead of IPO

      Betway value edges to $5bn ahead of IPO

      Super Group, the parent company of online bookmaker Betway, announced it had reached a deal to go public, Reuters reported. The firm elaborated it was using a merger with blank-check acquisition company Sports Entertainment Acquisition Corp. at a valuation of around 5 billion dollars. The European bookmaker Betway paves its way to expand operations in US on the back of the IPO. It also acknowledged it had reached a deal to merge with the Digital Gaming Corp. to gain access to 10 American states.

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    • Green light for Virgin Media, O2 £31bn merger

      Green light for Virgin Media, O2 £31bn merger

      The long anticipated merger deal between Virgin Media and O2 moved a step closer to being finalized as the two companies received a key backing, BBC reported. The deal is valued at some £31bn and was provisionally approved by the UK's competition watchdog. The statement has been awaited since last December when The Competition and Markets Authority (CMA) launched an investigation of the proposal.

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    • Grab to unveil world’s biggest SPAC merger

      Grab to unveil world’s biggest SPAC merger

      Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery company, is expected to announce today its merger with US-based Altimeter that will value Grab at nearly $40bn and lead to a public listing, Reuters said, citing own sources. The merger, which will be the biggest blank-check company deal ever, will surpass electric vehicle maker Lucid Motors' $24bn deal struck with a SPAC in February.


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    • WeWork goes public through $9bn SPAC merger deal with BowX

      WeWork goes public through $9bn SPAC merger deal with BowX

      WeWork has agreed to go public by accepting a deal with special purpose acquisition company (SPAC), Reuters reported. By finalizing the deal, WeWork will set its market valuation at 9 billion dollars. The targeted deal is with the blank-check firm BowX Acquisition Corp, the Wall Street Journal elaborated on Friday, citing people familiar with the matter.

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    • Carrefour stocks soar on merger talks

      Carrefour stocks soar on merger talks

      The shares of the based in France European retail giant Carrefour surged by some 13 percent on Wednesday, as the company was approached for merger by Canada’s convenience-store operator Alimentation Couche-Tard, Reuters reported. The bid was unexpected and lead to a sharp rise in demand for the stocks.

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