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Economy

“India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived”

“Shares of India’s Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived. The Economic Times, an Indian news publication, reported on Tuesday that Zee had re-engaged with Sony in a… Continue Reading…

Business, Stocks

“Sculptor’s Clients Pull $667 Million Amid Merger Battle”

“Sculptor Capital Management clients yanked $667 million from the firm’s main hedge fund in the third quarter, marking the sixth straight period of net redemptions… Rithm upped its offer to $12.70 a share, from $12, valuing Sculptor at about $720… Continue Reading…

Business

“Microsoft sets record for biggest tech deal ever, topping Dell-EMC merger in 2016”

“On Tuesday, Microsoft said it’s buying video game publisher Activision Blizzard for almost $69 billion, a price that would narrowly eclipse the richest U.S. tech deal in history. In 2016, Dell purchased EMC for $67 billion. The JDS-SDL deal comes next, followed by IBM’s $34 billion… Continue Reading…

Stocks

“Penny Stock Aerpio Pharmaceuticals’ Merger With Aadi Makes It A Buy, Says Analyst”

“Aerpio Pharmaceuticals (ARPO) is a biopharmaceutical company focused on developing compounds that activate Tie2. Tie2 is considered a key regulator of vascular stability, and ARPO “believes that activation of Tie2 may have therapeutic potential” for different indications. In Q1, ARPO… Continue Reading…

Stocks

“Sprint Stock Soars After Judge Approves Its Merger With T-Mobile”

“T-Mobile US and Sprint stocks are soaring after a federal judge gave his stamp of approval to the wireless carriers’ long-pending combination, ruling that the merger wouldn’t lead to less competition and higher prices for consumers in the U.S. Sprint stock (ticker: S)… Continue Reading…

Business, Stocks

“Ritter Pharmaceuticals, Inc. and Qualigen, Inc. Announce Merger Agreement”

“Upon completion of the merger, the Company will change its name to Qualigen, Inc., or a similar name selected by Qualigen… …the pre-merger Ritter Pharmaceuticals stockholders will own approximately 7.5% of the post-merger combined company and the pre-merger Qualigen stockholders… Continue Reading…

Business

“Fiat Chrysler and Renault pursue $35 billion merger…”

“Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker… Shares in both companies jumped more than 10 percent as investors… Continue Reading…

Business

The Layoffs Are Coming! “…Disney and Fox Staff Voice Frustrations”

“Disney has said all along that it intends, due to the merger, to save $2 billion annually by 2021, and such rhetoric usually means jobs will be lost. “This is what happens in mergers,” explains Northlake Capital Management founder Steven… Continue Reading…