Category: cancellation
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Tower flourishes after Intel deal cancellation
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Nearly three years ago, in February 2022, US chip giant Intel announced that it would buy Israeli company Tower Semiconductor (TASE: TSEM, Nasdaq: TSEM) for $5.4 billion. The deal was eventually cancelled, in the summer of 2023, after the companies failed to obtain approvals from the Chinese regulatory body in…
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Regulatory risk thought factor in Wiz deal cancellation
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But what prompted cloud security company Waze to pull out of negotiations to acquire the company for $23 billion by Alphabet, Google’s parent company? Presumably, there was no binding agreement between the two parties, and the talks were at a fairly early stage, otherwise Alphabet, as a public company, would…
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Australia’s Qantas to pay $79 million to settle flight cancellation case By Reuters
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Written by Byron Kay and Poonam Behura SYDNEY (Reuters) – Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a lawsuit before a regulator over the sale of thousands of tickets on already-canceled flights, in an attempt to end the reputation crisis that has engulfed the airline.…