Category: Deal
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Lockheed to buy satellite products maker Terran in $450 million deal
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(Reuters) – Lockheed Martin Corp on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew its previous offer to buy the company. Lockheed will pay 25 cents in cash per share, a 37.5% discount to Terran’s last closing price.…
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Boeing criminal plea deal should be accepted, US DOJ says By Reuters
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By David Shepardson and Jasper Ward The U.S. Justice Department said on Wednesday that Boeing Co.’s plea deal on a criminal charge related to software linked to two fatal crashes of its 737 Max jets should be accepted, after some relatives of the 346 people killed in the crashes argued…
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Mars to boost snack portfolio in mega $36 billion deal for Pringles maker Kellanova By Reuters
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Written by Anirban Sen and Savita Mishra (Reuters) – Family-owned candy giant Mars Inc is buying Cheez-It maker Kellanova in a deal worth about $36 billion, combining consumer food brands from M&M’s and Snickers to Pringles and Pop-Tarts in one of the industry’s biggest deals. Mars Inc. said on Wednesday…
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SNDL stock rises on deal to buy Nova Cannabis (NASDAQ:SNDL)
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Wild Pixel Canadian Cannabis Player SNDL (NASDAQ:SNDL) has agreed to acquire the remaining minority stake in its subsidiary Nova Cannabis (OTCQB: NVACF) for a total consideration of approximately $40 million, the companies announced Tuesday. Under the terms, Calgary, Alberta-based SNDL (SNDL) will seek to: To buy approximately 34.8% of Nova…
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El Salvador Seals $1.6 Billion Deal To Bring Bitcoin City To Life
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El Salvador is making headlines again as it embarks on a historic investment to renovate its port infrastructure, paving the way for an ambitious vision for a Bitcoin city. Yilport Holdings, owned by a Turkish company, Invested a whopping $1.6 billion In order to renovate and modernize two ports: Acajutla…
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El Salvador Seals $1.6 Billion Deal To Bring Bitcoin City To Life
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El Salvador is making headlines again as it embarks on a historic investment to renovate its port infrastructure, paving the way for an ambitious vision for a Bitcoin city. Yilport Holdings, owned by a Turkish company, Invested a whopping $1.6 billion In order to renovate and modernize two ports: Acajutla…
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Synopsys’ $35 billion Ansys deal under UK regulator scrutiny By Reuters
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The UK’s competition watchdog said on Monday it was examining whether Synopsys (NASDAQ: )’s $35 billion takeover of ANSYS (NASDAQ: ) chip design software maker would affect competition in Britain. The Competition and Markets Authority has not yet launched a formal investigation into the deal. Context In January, Synopsys, a…
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China firm bags Ketraco deal to build Narok-Bomet power line
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The Kenya Electricity Transmission Company (KETRACO) has contracted a Chinese company to build the 132kV Narok-Bomet double circuit transmission line. Catraco has signed a contract with China North Power Engineering Corporation to build the Narok-Bomet line as part of the Sh15.6 billion Kenya Transmission Network Improvement Project (KTNIP). The other…
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Proposed Adani, JKIA deal risky and morally unfair to taxpayers
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In 2019, I wrote an opinion piece in Business Daily titled “Why the KQ/KAA Deal Is Unconvincing.” Kenya Airways (KQ), which was on the verge of bankruptcy, was to acquire the assets and operations of the Kenya Airports Authority (KAA) with the aim of using the authority’s cash flows to…
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Visitor arrivals in Kenya hit a 10-year high on free visa deal
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The number of visitors arriving through the country’s two main airports in the first three months of the year reached its highest level in at least a decade, coinciding with the visa-free policy that came into effect at the beginning of 2024. Official data showed that 409,164 visitors arrived in…
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AI firm secures $300m valuation in major US private equity deal
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Board Intelligence, the leading AI company working to improve board performance, has announced the sale of a majority stake to California-based private equity firm K1, valuing the London-based company at up to $300m (£230m). The major investment will see founders Jennifer Sandberg, 44, and Pippa Page, 40, receive millions of…
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US antitrust probe endangers Nvidia – Run:ai deal – report
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The US Department of Justice is conducting an antitrust investigation into US AI chip giant Nvidia Corp.’s acquisition of an Israeli AI infrastructure management company. Run: You haveIn fact, the investigation is jeopardizing the completion of the $700 million acquisition, Politico and the Financial Times reported. Tel Aviv-based Run:ai, founded…
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Elbit wins $340m Israeli MoD ammunition deal
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Israeli defense technology company Elbit Systems Ltd. (NASDAQ: ESLT; level:ESLTElbit Systems announced today that it has been awarded a contract worth approximately $340 million to supply ammunition to the Israeli Ministry of Defense. The contract will be executed over a period of 10 years. Elbit Systems will establish a manufacturing…
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Petitioner in court to scuttle proposed JKIA expansion deal
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Kenya Airports Authority (KAA) and the government have been taken to court over contracts with an Indian company for a proposed $1.85 billion (Sh238 billion) concession to build a new passenger terminal and refurbish existing facilities at Jomo Kenyatta International Airport. Mr Isaac Lango Gayo wants the proposed deal for…
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South Korea Taps US Trade Deal to Prevent Chip Spats with Japan
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Breadcrumbs Path Links PMN Business South Korea is seeking to play a bigger role in a U.S.-led trade pact in Asia aimed at stemming the risk of friction with Japan that has affected global semiconductor supply chains. Article author: Published on July 30, 2024 • Read for 3 minutes You…
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Riot Platforms acquires Block Mining in $92.5m deal, NPC Labs raises $18m
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This week’s crypto funding highlights include investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure, and decentralized AI. Riot Platforms Acquires Block Mining Our funding roundup begins with an acquisition. On July 24, Bitcoin (BTC) mining company Riot Platforms announced that it had acquired Block Mining, a Kentucky-based Bitcoin mining company,…
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Riot Platforms acquires Block Mining in $92.5m deal, NPC Labs raises $18m
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This week’s crypto funding highlights include investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure, and decentralized AI. Riot Platforms Acquires Block Mining Our funding roundup begins with an acquisition. On July 24, Bitcoin (BTC) mining company Riot Platforms announced that it had acquired Block Mining, a Kentucky-based Bitcoin mining company,…
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Airbus Clinches 90-Aircraft Deal with flynas at Farnborough Airshow
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On day four of the Farnborough International Airshow, Airbus announced a landmark deal with flynas, Saudi Arabia’s leading low-cost carrier, for 75 A320neo Family aircraft and 15 A330-900s. The deal, which includes 90 aircraft, is the largest in terms of numbers this week. The new aircraft will join flynas’ all-Airbus…
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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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NBA scores $76 billion deal with Amazon, Comcast, and Disney
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The National Basketball Association has announced new long-term television deals with Walt Disney Co., Comcast and Amazon.com Inc., rejecting efforts by Warner Bros. Discovery Inc. to retain decades-old broadcast rights. The combined agreements are expected to generate $76 billion in league fees over its 11-year history — nearly triple the…