Swiss drugmaker Novartis on Sunday said it agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company looks to bolster its portfolio of treatments for rare muscle disorders. As...
SoftBank approves remaining $22.5 billion of OpenAI investment, the Information reports
SoftBank has approved a second installment of $22.5 billion to complete its $30 billion investment in OpenAI, tech news website the Information reported on Saturday. The Japanese investment group’s board has...
Brazil’s 2025 M&A deals set to remain below 2021 record, PwC report shows
The volume of merger and acquisition (M&A) deals in Brazil this year is set to remain below the record levels seen during the COVID-19 pandemic, data released by consultancy group PwC showed on Friday. WHY...
OpenAI acquires Software Applications, startup that built AI interface for Apple Macs
OpenAI announced on Thursday that it has acquired Software Applications, Inc., the company behind Sky, an AI-powered natural language interface for Mac computers. “With Sky, AI works alongside you, whether you’re...
EU commissioner laments obstacles to European bank mergers
The EU Commissioner for Financial Services, when asked on Friday about German resistance to UniCredit’s attempts to take over Commerzbank, lamented obstacles to the creation of larger European banks...
Angola bids for majority stake in De Beers, source says
Angola has bid for a majority stake in Anglo American unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana which is also seeking control of...
SNB sells Rio Tinto stake in new divestment from extractive industries
The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto, adding to a series of recent divestments from companies in extractive industries, LSEG data shows. Unsere (Our) SNB, a collection of...
Grindr shareholders offer to take dating app private for $3.46 billion
Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world’s most recognized dating platforms for the LGBTQIA+ community private for about $3...
Plymouth Industrial to be taken private by Makarora, Ares for $2.1 billion
Plymouth Industrial REIT said on Friday it would be taken private by Makarora Management and Ares Management, in a deal worth about $2.1 billion including debt, after it had received a buyout offer from Sixth Street...
Europe firms agree satellite merger to counter Starlink
European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by...
David Ellison’s Paramount seen as front-runner for Warner Bros Discovery deal
David Ellison’s Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in...
Goldman Sachs nears $1 billion deal for majority stake in Excel Sports, FT reports
Goldman Sachs is nearing a deal to buy a majority stake in talent agency Excel Sports Management at a valuation of about $1 billion, the Financial Times reported on Thursday, citing two people familiar with the matter...
