Trump social media merger approved by DWAC shareholders

This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Shareholders in Digital World Acquisition Corp. voted Friday to approve a merger with Donald Trump’s social media company, … Read more

UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe

Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company’s newly-appointed CEO Margherita Della Valle. Paul Hanna | Bloomberg | Getty Images The U.K.’s Competition and Markets Authority on Friday said Vodafone’s proposed merger with rival CK Hutchison will face an in-depth probe, unless the two mobile operators provide … Read more

JetBlue-Spirit Airlines merger called off

JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. The CEOs of the two carriers cited regulatory hurdles in ending their merger agreement. A federal judge in January sided with the Justice Department and blocked JetBlue’s attempted takeover of budget … Read more

Disney’s Reliance merger is a streaming wars win

Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance’s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely … Read more

Why Capital One is buying Discover in the biggest merger yet of 2024

Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street-speak — it’s a bid to protect itself against a rising tide of fintech and regulatory threats. It’s a chess … Read more

Zee shares jump 10% after report Sony merger is being revived

The deal, announced more than two years ago, was perceived as crucial for the survival of the companies in a highly competitive market. Bloomberg | Bloomberg | Getty Images Shares of India’s Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be … Read more

Indonesia’s GoTo denies merger talks with ride-hailing rival Grab

A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Photographer: Dimas Ardian/Bloomberg via … Read more

Feds Say Activision Layoffs Violate Promises Microsoft Made in Merger Deal

Image: Jaap Arriens (Getty Images) The Federal Trade Commission isn’t happy with the outcome of Microsoft’s $68.7 billion acquisition of Activision Blizzard, telling a court on Wednesday that Microsoft’s recent layoffs contradict promises it made to get the merger approved. Warning! Microsoft Wants ChatGPT to Control Robots Next In a letter to the clerk of … Read more

Samsung chief Jay Y. Lee acquitted in 2015 merger case  

Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a South Korean Court ruled on Monday. In the November hearing, prosecutors had called for Lee to be in jail for five years and a … Read more

Samsung Chairman Lee acquitted of financial crimes over merger of companies

Samsung Executive Chairman Jay Y Lee, second from left, was considered to be held back in taking a more active role in the company from the trial. Image: Samsung Samsung Electronics Executive Chairman Lee Jae-yong, also known as JY Lee, was acquitted of stock manipulation and accounting fraud by a South Korean court on Monday … Read more