Drug and Biotech Stocks Rise on Trump Win
Investors in the healthcare industry were thrilled by the victory of Donald Trump, causing shares in drug makers to rise. Pharmaceutical giants and large biotech firms saw their shares surge sharply on Wednesday, with...
Samsung’s Note 7 crisis is wiping out billions in profit
"Because consumers' safety remains our top priority, Samsung will ask all carrier and retail partners globally to stop sales and exchanges of the Galaxy Note7 while the investigation is taking place".Samsung Galaxy Note...
Falcon Private Bank Refutes Acquisition Rumours
Falcon Private Bank of Switzerland declared that it was not for sale, contrary to a story published earlier in the day. The report went on to say that its new Chief Executive, Walter Berchtold,...
Google Acquires Cloud Commerce Startup Orbitera
Not even Google can deny that multi-cloud is the future. To that end, Alphabet has acquired cloud commerce startup Orbitera, a platform that makes it easy for businesses to buy and sell software...
Comcast closes $3.8B DreamWorks Animation acquisition
Four months after Comcast announced its intention to acquire animation studio DreamWorks Animation, NBCUniversal, a division of cable company Comcast, has announced the closure of the $3.8 billion deal.DreamWorks Animation, which produced such films as...
Samsung Acquires Sizeable Stake In China’s Largest Electric Vehicle Company
The Samsung Group announced earlier this year that it has formed a new team to grow its automotive-related business. Samsung is also said to be interested in electric and smart cars, it has...
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...
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