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Merger News

Canada: Huge merger creates pot giant ahead of legalization

Montr - With the legalization of recreational marijuana looming in Canada, therapeutic producer Aurora said Monday it was acquiring rival MedReleaf Corp. in a huge deal set to create a giant company. Aurora said it would pay Can$3.2 billion ($2.

Trump blocks Broadcom's bid to buy Qualcomm

San Francisco - US President Donald Trump on Monday blocked an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns.

Television titans bulk up to battle internet rivals

New York - Traditional television titans are bulking up in a battle with online streaming giants Netflix and Amazon as viewers take to binging on shows when and where they want.

Broadcom lowers offer for Qualcomm as takeover saga continues

Washington - Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm's increased bid for Dutch rival NXP.

Boeing, Embraer near deal on commercial air business: source

New York - US aerospace giant Boeing and Brazil's Embraer are close to an agreement to combine their commercial air operations into a new company, a person familiar with the talks told AFP Tuesday.

Sweet deal: Nestle sells US candy to Ferrero for $2.8 bn

Geneva - Nestle said Tuesday it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio.

Ferrero nears deal for Nestle's US candy operations

Milan - Italy's Ferrero is closing in on a $2.8-billion deal for Nestle's US confectionary business, Bloomberg said Wednesday, amid signs a deal could be completed by Sunday.

Disney-Fox deal puts antitrust enforcers in bind over Trump ally

Washington - The blockbuster deal between Walt Disney Co. and 21st Century Fox could likely put US antitrust enforcers in an awkward position following the government's challenge to another media-entertainment mega-deal.

Fur flies in Hollywood as Disney goes Fox hunting

Los Angeles - The Walt Disney Co. acquisition of a large chunk of 21st Century Fox is expected to reshape the filmmaking landscape, uniting two of the "big six" Hollywood studios under one umbrella for the first time.

Blockbuster: Disney to buy 21st Century Fox assets for $52.4 bn

New York - Walt Disney Co. agreed Thursday to buy key film and television assets of 21st Century Fox, in a $52.4 billion deal set to reshape the entertainment landscape and step up a challenge to Netflix and emerging rivals in the streaming wars.

Blue skies ahead for Airbus, Bombardier CSeries partnership

Montr - Bombardier has ceded control of its new CSeries to Airbus, abandoning hope of ascending into the top echelons of passenger aircraft manufacturing alongside rivals Airbus and Boeing but securing US market access for its new jetliners.

Weinstein Company says in talks to sell movie studio

New York - The Weinstein Company announced Monday that Colony Capital had agreed to provide the scandal-plagued studio with financing and that the two parties were in talks on a potential sale.

Weinstein Company says in talks to sell movie studio

New York - The Weinstein Company announced Monday that Colony Capital had agreed to provide the scandal-plagued studio with financing and that the two parties were in talks on a potential sale.

France nudges BNP Paribas towards Commerzbank tie-up

Paris - The French government on Wednesday nudged the country's biggest bank, BNP Paribas, towards a possible tie-up with Germany's Commerzbank amid media speculation that Paris and Berlin want the two giants to merge.

EU probes Ray-Ban maker's merger with French firm

Brussels - The EU on Tuesday launched an in-depth probe into the proposed merger between French lens-maker Essilor and Luxottica, the Italian eyewear company that produces Ray-Ban and Oakley sunglasses.

Ryanair CEO says won't bid for Air Berlin

Berlin - Ryanair chief executive Michael O' Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German "stitch-up" designed to benefit Lufthansa.

Ryanair CEO says won't bid for Air Berlin

Berlin - Ryanair chief executive Michael O' Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German "stitch-up" designed to benefit Lufthansa.

China's Great Wall Motor eyes Fiat Chrysler deal

Bejing - China's Great Wall Motor signalled on Monday its intention to make an ambitious acquisition deal with Italian-American car maker Fiat Chrysler Automobiles following a report that it wants to buy the Jeep brand.

China's Great Wall Motor plans Fiat Chrysler purchase

Bejing - China's Great Wall Motor signalled on Monday its intention to make an ambitious offer to buy all or part of Italian-American car maker Fiat Chrysler Automobiles.

Marissa Mayer fades out as Yahoo ends its run

San Francisco - Marissa Mayer was hailed as Yahoo's savior when she took charge of the pioneering internet firm five years ago.

Russia's largest bank pulls out of Ukraine

Moscow - Russia's Sberbank, the largest in the country, on Tuesday announced it had sold its Ukraine division, where operations have been complicated since Moscow's annexation of Crimea.

Canada's Enbridge cutting 1,000 employees after Spectra merger

Houston - Enbridge Inc has announced it is cutting 1,000 jobs or six percent of its workforce in Houston, Texas, and Canada following the takeover of Houston-based Spectra Energy earlier this year.

Intel buying Israeli car tech firm Mobileye for $15 bn

Jerusalem - Intel will buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the companies said Monday, in a deal signalling the US computer chip giant's commitment to technology for self-driving vehicles.

Deutsche Boerse boss faces new insider trading questions

Frankfurt Am Main - Insider trading suspicions against Deutsche Boerse chief Carsten Kengeter took a new turn Friday after a German media report that he discussed merger plans with the London Stock Exchange with a government official shortly before a large share purchase....

S. Korea pension chief admits pushing Samsung deal in Park probe

Seoul - South Korea's National Pension Service chief admitted to pressuring the state-run fund to back a controversial merger of two Samsung units, prosecutors said Thursday during a widening probe into a corruption scandal engulfing impeached President Park G...

Yahoo reveals more details about massive hack

San Francisco - Yahoo provided more details on Wednesday about an epic hack of its services, including that the culprits may have planted software "cookies" for ongoing access to users' accounts.In revelations that could jeopardize the company's pending $4.

Lawmakers push to block Chinese takeover of US aluminum firm

Washington - A group of US senators called on the government to block the Chinese metals giant Zhongwang's takeover of a US aluminum processor for the auto and aerospace industries.

Big tech-media mergers raise fresh privacy concerns

Washington - They know how you browse the internet, your favorite TV shows and where you shop and travel.

AT&T eyes new media future with mega-deal for Time Warner

New York - AT&T unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector facing major technology changes.The stock-and-cash deal is valued at $108.

Microsoft buys LinkedIn for $26 bn

Washington - Microsoft said Monday it was buying the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services.
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DISPLAY: A Fiat Chrysler Viper roadster is seen at the North American International Auto Show in Det...
DISPLAY: A Fiat Chrysler Viper roadster is seen at the North American International Auto Show in Detroit, Mich., in 2013.
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HOUSTON: Corporate headquarters for oil services industry giant Halliburton  which was headed before...
HOUSTON: Corporate headquarters for oil services industry giant Halliburton, which was headed before 2000 by former U.S. Vice President Dick Cheney.
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Produce section in a Whole Foods Market.
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