Paramount Global, the media conglomerate encompassing CBS, MTV, and Paramount Pictures, is undergoing significant leadership changes as CEO Bob Bakish steps down amidst reported divisions and ongoing negotiations for a potential merger with Skydance Media. The decision to remove Bakish from his position, announced alongside the company’s earnings results, reflects a strategic shift for Paramount, […]
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In a significant stride towards their planned merger, luxury conglomerates Tapestry and Capri Holdings have received the green light from antitrust regulators in both Japan and the European Union. The approval marks a crucial milestone in their pursuit of creating a global powerhouse within the luxury and fashion industry. The regulatory approval was confirmed by […]
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The United Kingdom’s Competition and Markets Authority (CMA) has initiated a formal investigation into the proposed merger between Vodafone and Three UK, two major players in the UK’s telecommunications sector. Valued at $19 billion, the merger has sparked concerns over potential impacts on consumer prices and future investments in mobile infrastructure. “Our initial assessment of […]
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In a significant development, Korean Air Co. announced on Wednesday that Japan’s antitrust regulator has approved the 1.8 trillion-won ($1.34 billion) merger deal with its smaller rival, Asiana Airlines Inc. This approval from the Japan Fair Trade Commission (JFTC) marks a crucial milestone in the merger process of South Korea’s two major carriers. The proposed […]
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Last week, Fidelity National Services (FIS) agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments at $18.5 billion. However, just 4 years ago, FIS acquired Worldpay for more than $30 billion with the intention to revolutionize the industry, but […]
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In a move to address antitrust concerns surrounding its proposed buyout by Intercontinental Exchange (ICE), U.S. mortgage data vendor Black Knight has announced the sale of its Optimal Blue business for $700 million. The decision comes as the Federal Trade Commission (FTC) scrutinizes ICE’s $11.7 billion deal for Black Knight, expressing worries that the acquisition […]
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The U.K will likely open an in-depth review of Adobe’s $20 billion bid for rival Figma and EU regulators may do the same on August 7 after the phase I merger review deadline. Antitrust regulators’ concerns focused on the market for screen design software. Rationale of the deal Adobe, as the leading player in digital […]
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The U.S. Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ) have recently unveiled a Notice of Proposed Rulemaking aimed at revising the Hart-Scott-Rodino (HSR) Premerger Notification Form and associated instructions. The proposed changes seek to modernize the information collection process and increase the effectiveness and efficiency of the merger […]
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Adobe’s proposed $20 billion acquisition of cloud-based design platform Figma is facing significant challenges as European Union (EU) antitrust regulators prepare to launch a formal investigation. The move comes amid concerns over potential market consolidation, reduced innovation, and higher prices. EU Antitrust Probe: A Lengthy Investigation According to individuals familiar with the matter, European antitrust […]
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NVIDIA is the first company in the semiconductor sector to reach a valuation of $1 trillion. While the company owes its success partly to the promising prospects of generative AI, the Microsoft-Activision deal may help the company growing in the gaming sector. Although NVIDIA’s gaming revenue for fiscal year 2023 experienced a decline of 27% […]
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