Amazon has acquired Swiss robotics company Rivr to strengthen its doorstep delivery capabilities. The acquisition took place earlier this week. However, the terms of the deal have not been disclosed. The development...
International News
Italy’s Poste launches $12.5 bln cash-and-share bid to buy Telecom Italia
Italian majority-state-owned national postal service Poste Italiane said on Sunday it was launching a cash-and-share offer to buy former phone monopoly Telecom Italia (TIM) for 10.8 billion euros ($12.5 billion)...
UniCredit weighs three options to potentially sweeten Commerzbank bid, Il Messaggero says
UniCredit is weighing three options to potentially sweeten its all-share takeover offer for Commerzbank, Italian daily Il Messaggero reported on Sunday without citing sources. A representative for UniCredit referred...
Spire says sale talks continue after Bridgepoint, Triton walk away
Spire Healthcare said on Friday that buyout talks with private equity firms Bridgepoint and Triton have ended, but it was still in discussions with other parties for a potential sale. “There can be no certainty...
Prestige Consumer to buy Breathe Right brand in $1.05 billion deal
U.S. consumer health products maker Prestige Consumer Healthcare said on Friday it would buy the Breathe Right brand and other assets from Foundation Consumer Healthcare in a deal valued at $1.045 billion. The deal...
OpenAI to acquire Astral to power its Codex AI agent
OpenAI, on Thursday, announced that it will acquire Astral, bringing its open source developer tools into its Codex ecosystem. Codex is OpenAI’s cloud-based software engineering agent that can work on multiple tasks in...
FCC approves $3.5 billion sale of Tegna to Nexstar despite state objections
The Federal Communications Commission said on Thursday it approved the $3.54 billion sale of local television station owner Tegna to Nexstar, despite objections from Democratic-led states. Soon afterward, Nexstar said...
Unilever in talks to combine food business with McCormick, WSJ reports
Unilever is in talks to separate its food business and combine it with spice maker McCormick in an all-stock deal that could come within weeks, the Wall Street Journal reported on Thursday, citing sources. A deal, if...
Bridgepoint preparing over $1 billion offer for UK’s Spire, Sky News reports
Buyout firm Bridgepoint is drawing up proposals for a formal offer worth more than 1 billion pounds ($1.34 billion) for British private hospital operator, Spire Healthcare, Sky News reported on Thursday. The 230...
German semiconductor group Elmos exploring a sale, sources say
Germany’s Elmos Semiconductor is exploring a sale as its founders consider exiting the business, according to three people familiar with the matter. Elmos, which has a market value of around 2.3 billion euros...
ADNOC and OMV are set to complete chemicals mega-merger by end of March
Abu Dhabi National Oil Company and Austria’s OMV expect to complete by the end of March a mega-merger to create a global chemicals giant, the companies said on Thursday, after years of talks. The deal, first...
CK Hutchison says still in talks over ports assets sale
CK Hutchison said on Thursday it remained in talks with a consortium to sell the majority of its ports business, a deal that has been overshadowed by a legal fight with the Panamanian authorities, as it posted a 7%...
