27 Jun 2022

Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter. The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing,

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23 May 2022

Broadcom, VMware deal could be announced by Thursday, sources say

CNBC’s David Faber reported Monday that Broadcom had been gearing up to announce its acquisition of VMware as soon as Thursday, but the news could come sooner after several reports said the two companies were in talks. Some material terms still need to be finalized, and a deal could fall through,

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11 Apr 2022

U.S. private equity giant Thoma Bravo acquires SailPoint for $6.9 billion

U.S. private equity giant Thoma Bravo has acquired SailPoint in an all-cash deal worth about $6.9 billion, the cybersecurity company announced Monday. Thoma Bravo’s deal to take the company private highlights the growing demand for enterprise security software. Several companies are still operating remotely due to the pandemic, and the Russia-Ukraine

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04 Apr 2022

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Twitter shares surged as much as 26% after Musk’s purchase was revealed Monday in a regulatory filing, the stock’s biggest intraday increase in more

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15 Feb 2022

Intel to buy Tower Semiconductor for $5.4 billion

Intel has agreed to buy Tower Semiconductor for $5.4 billion, the company announced Tuesday, as it seeks to meet rampant demand for computer chips. Intel shares were up more than 1% early trading. Tower Semiconductor rose more than 40%. The deal will give Intel a stronger foothold in specialty technologies in which

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08 Feb 2022

Nvidia’s huge Arm deal has just been scrapped

Graphics giant Nvidia will no longer be spending $40 billion to acquire Arm, parent company SoftBank has announced, citing “significant regulatory challenges.” The news was first reported by the Financial Times. Nvidia will be paying $1.25 billion to SoftBank for failing to go through with the transaction, while Arm CEO Simon

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01 Feb 2022

Sony buys Bungie for $3.6 billion in groundbreaking deal

Microsoft has Minecraft, Epic Games has Fortnite, and Sony now has Destiny. In a $3.6 billion deal, Sony is acquiring Bungie, the game studio famous for creating the Halo and Destiny universes. It’s a big deal, in a month already full of massive deals. It’s also backed by some equally

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31 Jan 2022

Citrix to be acquired by Vista and Evergreen/Elliott in a $16.5B all-cash deal, will be merged with Tibco to create SaaS powerhouse

More consolidation is afoot in the world of IT to meet a new demand from enterprises for “one-stop shops” covering a wide range of needs in our hybrid world of work. Citrix, the long-in-the-tooth virtualization giant that had been making a slow transition into cloud computing, is being acquired by

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19 Jan 2022

Microsoft’s metaverse plans are getting clearer with its $68.7 billion Activision acquisition

Microsoft’s planned $68.7 billion acquisition of gaming company Activision Blizzard isn’t just a weapon in the tech giant’s battle for video game domination. It’s also about the metaverse — a buzzy topic at the moment, with brands from Disney to Walmart working to carve out their own niche in the digital

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18 Jan 2022

Microsoft to acquire Activision Blizzard for $68.7 billion

Microsoft is acquiring Activision, the troubled publisher of Call of Duty, World of Warcraft, and Diablo. The deal will value Activision at $68.7 billion, far in excess of the $26 billion Microsoft paid to acquire LinkedIn in 2016. It’s Microsoft’s biggest push into gaming, and the company says it will

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