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Softbank-Owned Chip Designer Arm to Reportedly Shift Shares of Its Rebel China Unit to Speed Up IPO
Arm is set to transfer shares in its China joint venture to a special purpose vehicle owned by parent company SoftBank, according to reports.
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Apple Buys UK Fintech Start-Up Credit Kudos
Credit Kudos develops software that uses consumers’ banking data to make more informed credit checks on loan applications.
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U.S. Private Equity Giant Pays $10.7 Billion for SAP Rival Started in an English Barn
Anaplan, viewed as a competitor to the likes of SAP, Oracle and Microsoft, was founded in a barn in Yorkshire, England in 2006.
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Google to Acquire Cybersecurity Firm Mandiant for $5.4 Billion
Mandiant says its mission is to combat cyberattacks and protect companies from the latest threats.
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Peter Thiel-Backed Digital Bank N26 Plans to Be IPO-Ready by End of 2022
“By the end of the year, N26 will be structurally IPO-ready,” co-CEO Maximilian Tayenthal said in an interview.
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Authentic Brands Group Takes Majority Stake in David Beckham's Brand
Authentic Brands Group announced it has entered into a partnership to co-own and manage David Beckham’s global brand.
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Didi Drops After Tencent Clarifies It Did Not Buy New Shares in the Chinese Ride-Hailing Giant
Didi is a politically charged company at the moment, having reportedly gone ahead with a U.S. listing despite concerns from regulators.
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Ahead of Its First SPAC Approval, Dubai's Shuaa Capital Says It Wants to Launch More in ‘Quick Succession'
Dubai-listed investment bank Shuaa Capital is still in the final stages before its first SPAC can be listed, but the bank is already eager to launch more.
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SoftBank's Long-Term Investment Strategy May Benefit in the Current Interest Rate Environment, Says CLSA
Shares of Japan’s SoftBank Group surged more than 5% on Wednesday after it announced a day earlier that it will seek a potential listing for its Arm unit.
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Doomed From the Start? Why Nvidia Failed to Buy Arm From SoftBank
The semiconductor giants issued a joint statement Tuesday saying the deal has been scrapped due to “significant regulatory challenges.”
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Peloton Shares Are Soaring on Potential Takeover Talks. But Here's Why a Deal Might Not Happen
Cowen & Co. analyst John Blackledge said a deal is unlikely for Peloton, given that the connected fitness company is still in the “early innings” of growth.
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$25 Billion Wiped Off Sony This Year as Chip Crunch Hits PlayStation 5, Microsoft Competition Heats Up
Sony cut its full-year sales target for the PlayStation 5 from from 14.8 million units to 11.5 million units as the global chip shortage has hit production.
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Crypto Exchange FTX to Buy Japanese Rival Liquid for Asia Expansion
FTX, which earlier this week announced it had raised $400 million at a $32 billion valuation, is expanding aggressively in the Asian crypto market.
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Germany Scuttles $5 Billion Chip Deal With Taiwan Firm Amid Tech Sovereignty Concerns
Taiwan’s GlobalWafers will no longer buy Munich-headquartered rival Siltronic after policymakers in Germany failed to approve the deal in time.
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The Tech Sell-Off Has Some Venture Capitalists Worried the Good Times May Be Coming to an End
Tech start-ups raised a record $621 billion in venture capital funding globally in 2021. Some investors fear the boom times may not last much longer.
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The Stock Market Is So Volatile That One European Tech Firm Has Canceled Its IPO
Dutch file-sharing company WeTransfer says it has canceled plans for an initial public offering due to “volatile market conditions.”
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Johnson & Johnson More Bullish on Acquisitions in Volatile Market: CFO
Market volatility will lead cash-rich companies to be more opportunistic on mergers and acquisitions in 2022, including Johnson & Johnson, according to its CFO.
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Activist Macellum Asks for a Seat on Kohl's Board and for a Commitment to Explore a Sale
Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now it wants at least one seat on the retailer’s board.
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Nvidia Is Reportedly Preparing to Abandon Its $40 Billion Takeover of Arm
Nvidia is “quietly” preparing to abandon its $40 billion acquisition of British chip designer Arm, Bloomberg News reports.
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Kohl's Shares Surge as Takeover Offers Emerge From Suitors Including Sycamore
Kohl’s shares are soaring as the department store chain is fielding takeover offers from at least two suitors.