PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO

PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO

PayPal is buying payments start-up iZettle for $2.2 billion ahead of IPO Fintech giant PayPal confirmed on Thursday it’s reached a deal to buy payments start-up iZettle for $2.2 billion — the biggest acquisition in its history. U.S.-based PayPal already operates in more than 200 countries around the world but is working to expand its offerings. IZettle provides mobile card readers and other digital payment products to small businesses. A merger would catapult PayPal into…

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Xerox shares down after board cans Fujifilm deal

Xerox shares down after board cans Fujifilm deal

Xerox (NYSE:XRX) shares fell 4 percent on Monday after the photocopier pioneer said it scrapped a planned $6.1 billion deal to merge with Fujifilm. The decision hands victory in one of the biggest ongoing U.S. proxy fights to activist investors Carl Icahn and Darwin Deason, who say they can secure better offers for the company than the deal with Fujifilm. Some Tokyo-based analysts warned a long renegotiation of price and terms as well as attempts…

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Canada’s Brookfield makes $3.3 billion offer for Australia’s Healthscope, sparking hopes for a bidding war

Canada’s Brookfield makes $3.3 billion offer for Australia’s Healthscope, sparking hopes for a bidding war

Canadian investment firm Brookfield Asset Management (NYSE:BAM) made a $3.3 billion approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high on Monday. The approach, disclosed by Healthscope in a statement, sets the scene for a takeover battle for the No. 2 Australian private hospital operator which has seen its shares slide due to high debt and a shift back to public health…

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Cadence agrees to buy State Bank in $1.4 billion all-stock deal

Cadence agrees to buy State Bank in $1.4 billion all-stock deal

Cadence Bancorp (NYSE:CADE)said on Sunday it had agreed to buy State Bank Financial in an all-stock deal valued at about $1.4 billion, signaling a potential rise in regional bank consolidation in the United States. The agreement, approved by the boards of both banks, will create an entity with $16 billion in assets and about 100 branches in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas, the banks said in a press release. Investors expect a wave…

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Eli Lilly to buy cancer drug developer AurKa Pharma

Eli Lilly to buy cancer drug developer AurKa Pharma

Eli Lilly will buy AurKa Pharma in a deal potentially worth up to $575 million, the U.S. drugmaker said on Monday, seeking access to the privately held firm’s experimental cancer treatment for solid tumors. The deal is Lilly’s second in less than a week that aims to broaden its portfolio of lucrative cancer drugs. On Thursday, Lilly said it would buy Armo BioSciences for about $1.6 billion. AurKa Pharma will receive $110 million upfront and…

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Aurora to buy MedReleaf for $2.5 billion in pot mega-merger

Aurora to buy MedReleaf for $2.5 billion in pot mega-merger

Aurora Cannabis(OTCMKT:ACBFF;ACB.TO) will buy rival MedReleaf for C$3.2 billion ($2.51 billion), the companies said on Monday, the biggest deal yet to unify major Canadian marijuana growers. The deal comes two months before cannabis is expected to be legalized for recreational use in Canada, and is the latest in a wave of mergers in the industry as marijuana makers — emboldened by similar moves in Europe and a number of U.S. states — seek to cut…

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Walmart’s $16 billion deal for Flipkart a sign US companies are looking to India for deals

Walmart’s $16 billion deal for Flipkart a sign US companies are looking to India for deals

Walmart CEO Doug McMillon (R) speaking next to Flipkart co-founder and CEO Binny Bansal at an event in Bangalore, as a deal was announced for Walmart to buy a stake in Flipkart. – US retail behemoth Walmart will buy a 77 percent stake in Indian e-commerce giant Flipkart for $16 billion, Walmart said in a statement May 9. With U.S.-China relations in a fragile state, American companies are taking a closer look at India for…

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Comcast is said to include $2.5 billion break-up fee in Fox bid

Comcast is said to include $2.5 billion break-up fee in Fox bid

Comcast is prepared to offer $2.5 billion in break-up fees in its bid for Twenty-First Century Fox assets, according to the Financial Times. The cable company, and owner of CNBC-parent NBCUniversal, is planning to make a $60 billion, all-cash offer in mid-June for some of Fox’s assets, sources have said. An earlier bid was rebuffed in lieu of a potential deal with Disney. A regulatory filing last month showed Fox initially chose Disney over Comcast…

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UTC gets European go-ahead for $23 billion purchase of Rockwell Collins

UTC gets European go-ahead for $23 billion purchase of Rockwell Collins

A $23 billion bid from United Technologies Corp (UTC) to buy aircraft electronic equipment maker Rockwell Collins was approved by the European Union (EU) on Friday. The deal between the two U.S. firms is the biggest merger in aerospace history, according to reports. It was given the go-ahead by Europe’s competition watchdog on the condition that UTC first sells businesses making actuators, pilot controls, ice protection and oxygen systems. Commissioner Margrethe Vestager, in charge of…

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Redstone makes concessions on Viacom CEO to clinch CBS merger

Redstone makes concessions on Viacom CEO to clinch CBS merger

Shari Redstone, the media heiress whose family controls CBS and Viacom, has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company’s board, people familiar with the matter told Reuters on Friday. The offer is an attempt by Redstone to resolve an impasse in the deal negotiations. Redstone has been trying to put together…

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