Microsoft, US regulators head to court over $69B deal
Microsoft heads to a San Francisco courtroom on Thursday to advocate for the approval its $69 billion takeover of Activision Blizzard.
SVB customers who lost deposits under pressure to repay loans
Silicon Valley Bank customers in Asia having their deposits seized by the Federal Deposit Insurance Corp. and remain indebted to First Citizens Bank for loans.
Bunge, Viterra to merge to create global agribusiness giant
Bunge will buy Viterra for $8.2 billion. The acquisition will come alongside a $2 billion stock buyback and will merge ownership through a stock and cash deal.
FTC stalling Microsoft's $69 billion Activision deal
The Federal Trade Commission (FTC) is reportedly planning to block Microsoft’s $69 billion purchase of video game maker Activision Blizzard, maker of best selling game Call of Duty.
Salesforce rolls out AI cloud business for purpose-driven companies
Salesforce is getting into the generative AI business to help philanthropic organizations like nonprofits, the company announced on Monday.
PGA Tour-LIV Golf merger 'disruptive’ for the sports industry, 'Shark Tank' star says
"Shark Tank" star and investor Kevin O'Leary says the PGA Tour and LIV Golf merger makes the sport bigger and better – calling on tennis, soccer, and Formula 1 to "bring it on."
PGA Tour and LIV Golf combination: The players, investors, money
FOX Business takes a look at the surprising merger of the PGA Tour, DP World Tour and the Saudi Public Investment Fund, which backs LIV Golf.
Debt deal 'yet another piece in terms of stabilization': Leon Kalvaria
Citi Institutional Clients Group Chairman Leon Kalvaria discusses the impact from the flood of Treasury bills on the markets and his outlook on IPOs, mergers and acquisitions.
JPMorgan closing 25% of First Republic Bank branches
JPMorgan Chase says it will shut down 21 branches of its recently acquired First Republic Bank by the end of 2023, representing a quarter of the former bank's locations.
Ripple to buy Swiss crypto custody provider Metaco for $250M
U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday.
Jamie Dimon weighs in on JPMorgan Chase purchasing additional troubled banks
Jamie Dimon on Tuesday offered investors his views on the likelihood of JPMorgan Chase doing another purchase of a regional bank facing difficulties, saying it was "unlikely."
FTC sues to stop Amgen’s $27.8B deal for Horizon Therapeutics
The FTC said in its complaint that Amgen would be able to leverage its position with insurance companies and pharmacy benefit managers wanting access to its blockbuster drugs.
Microsoft's $69B purchase of Activision cleared by EU regulators
European Union regulators approved Microsoft’s $69 billion all-cash purchase of video game maker Activision Blizzard. The deal still faces pressure from regulators across the world.
Luminar Tech CEO to acquire majority stake in Forbes
Austin Russell, the Chairman & CEO of Luminar Technologies, is buying a majority stake in the business news publisher Forbes worth $800 million.
Tempur Sealy reaches deal to acquire Mattress Firm for $4 billion
Tempur Sealy has reached a multi-billion-dollar deal that will see the mattress maker acquire retailer Mattress Firm. The closing of the deal is projected to take place in the last six months of 2024.
Concern over TD anti-money-laundering practices helped scuttle First Horizon deal
TD agreed to buy First Horizon in February 2022 in a deal that would have created the sixth-largest U.S. lender. The banks said they expected to complete the transaction by January.
Flexport CEO Dave Clark announces Shopify Logistics acquisition
Flexport CEO Dave Clark announces the acquisition of Shopify Logistics and weighs in on the global supply chain.
First Horizon shares tank after TD Bank deal scrapped
Shares of First Horizon are down on Thursday after the company said a merger agreement with TD Bank was terminated due to uncertainty over regulatory approvals.
PacWest shares slide as bank tries to calm investors
PacWest Bancorp confirmed it is mulling options, including a possible sale while also insisting it has not experienced "out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news."
Olive Garden parent Darden buying Ruth’s Chris for $715M
Darden Restaurants is acquiring the Ruth's Chris Steak House, adding to its portfolio of brands that include Olive Garden, LongHorn Steakhouse and Yard House.