Entries in Merger (6)

Saturday
Dec232023

Canadian Reviewer Weekly Roundup - 12/17- 12/23

Wednesday
Dec202023

Adobe and Figma scrap US$20 billion merger amid antitrust concerns

Image: Figma

Adobe and Figma have called off their $20 billion merger deal after facing regulatory hurdles in the UK and EU. Adobe will pay Figma a US$1 billion breakup fee in cash. Adobe had little chance to salvage the deal and get what it wanted from Figma, without giving up some of its own products.

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Saturday
Jul152023

FTC fails to stop Microsoft’s mega-merger with Activision Blizzard

Microsoft's USD 69 billion acquisition of Activision Blizzard, the maker of Call of Duty, cleared a significant hurdle on Friday when a U.S. appeals court denied the FTC's request to halt the deal. The FTC argued that the deal would harm consumers and competition in the video game industry, but a district court judge and an appeals court both rejected that claim. Microsoft offered 10-year licenses to rivals like Sony Group to address the FTC's concerns.

The deal—the largest in video game history—still needs approval in Britain, where the competition regulator is reviewing a new proposal from Microsoft. The U.K.'s Competition and Markets Authority extended its deadline for a final ruling to August 29. But it hopes to reach a decision as soon as possible. The merger agreement expires on July 18, after which either company can choose to walk away unless they negotiate an extension.

Source

Wednesday
Sep072016

Dell completes $ 67 billion merger with EMC

Dell and EMC have officially completed a US $67 billion merger resulting in a new company under the Dell Technologies name. 

Dell Technolgies will have a number of subsidiaries, that includes Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware.

Michael Dell, chairman and CEO of Dell Technologies, said, "We are at the dawn of the next industrial revolution. Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things, paving the way for our customers to do incredible things. This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey."

Dell Technologies will continue to design and sell Windows-based desktops, laptops and tablets under its globally recognized Dell brand, and gaming PCs with the Alienware branding.

Source: Windows Central