The U.K. Competition and Markets Authority plans a further investigation into Vodafone’s planned joint venture of its U.K. operations with Three, as it believes the deal could leave consumers and businesses worse off.
SWKS earnings call for the period ending March 31, 2024.
(Bloomberg) -- Sony Group Corp. and Apollo Global Management Inc. made a $26 billion proposal to buy Paramount Global, the media giant that owns CBS and MTV, according to people with knowledge of the matter.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America,
The companies abandoned the merger in January 2024 after it faced scrutiny from EU and US antitrust regulators.
The DoJ's request comes after the Japanese firm's proposed bid drew sharp criticism in the U.S., including from President Joe Biden, who said the asset should be domestically owned. Despite fears of layoffs, Japan's largest steelmaker has pledged no job cuts as a result of the merger and has said it will move its own U.S. headquarters to Pittsburgh where U.S. Steel is based. The acquisition of U.S. Steel will help Nippon, the world's fourth-largest steel maker, move toward 100 million metric tons of global crude steel capacity.
(Bloomberg) -- United States Steel Corp. is pushing back the expected time-frame for completing its contentious $14.1 billion takeover by Nippon Steel Corp. to the second half of the year. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market H
Chevron firmly believes Exxon's case against it has no merit.
The chair of Rio Tinto declined to comment on whether the world’s second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.
(Bloomberg) -- Glencore Plc is evaluating a potential bid for Anglo American Plc, a move that could set up a takeover battle with BHP Group Ltd. for the mining company, Reuters reported, citing people it didn’t identify.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimo
The deal is forecast to enhance Stantec’s ability to undertake projects across various sectors.
(Bloomberg) -- Elon Musk’s latest cost-cutting victims: summer interns.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market Has Already VotedTesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring em