Wednesday, September 16, 2020

Microsoft to buy LinkedIn for $26.2 billion

Professional networking site LinkedIn, will be acquired by Microsoft at $196 per share cash, valuing the company at $26.2 billion. This announcement came as a surprise to the industry, but falls in line with...

Medivation snubs Sanofi’s takeover bid

Medivation has rejected Sanofi’s $9.3 billion offer, saying it seriously undervalues the company. Sanofi’s offer came in at $52.50 per share, which was almost $4 less than Medivation’s share price as at Friday 29th...

Comcast to buy DreamWorks animation for $3.8b

Comcast division NBCUniversal has made an offer to acquire DreamWorks Animation studio for $3.8 billion. The price offering of $41 per share is a 50 percent premium on the stock’s trading price before...

Sir Richard Branson to take massive cut from Virgin America Sale

Though he claims not to be happy about it, but as Alaska Air prepares to acquire Virgin America, Sir Richard Branson is set to gain roughly $800 million from the deal. Virgin America...

Schlumberger Finalises Cameron Acquisition

The merger of Schlumberger and Cameron International has finally been concluded. Schlumberger has acquired the oil and gas equipment maker in a cash and stock deal valued at $14.8 billion. Schlumberger is the...

Hotel Industry M&As Roaring to Life

The merger between hotel operator Marriott International and Starwood Hotels & Resorts is still in progress according to the companies involved. Marriott recently revised its initial offer which valued Starwood at USD 13.6...

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