Results for: Takeover

Intel is facing a challenging period with its stock plummeting and a potential takeover by Apollo Global Management in the air. Meanwhile, Oracle is making significant strides in AI and cloud computing, investing $6.5 billion in Malaysia to build an AI supercluster. Analyst sentiment favors Oracle with a strong ‘Buy’ consensus and a promising technical outlook, while Intel faces a more cautious outlook. This article delves into the current state of affairs for these two tech giants and their contrasting trajectories.

Ubisoft’s stock has plummeted in recent months due to disappointing game releases and financial performance. Now, the Guillemot family, Ubisoft’s main shareholder, and their partner Tencent are considering taking the company private to regain control and potentially boost its value.

Riot Platforms has withdrawn its bid to take over Bitfarms, settling the dispute with the Bitcoin mining company. The agreement includes a board shakeup for Bitfarms and grants Riot Platforms certain rights to purchase shares if its stake exceeds 15%.

Chip giant Qualcomm has reportedly made a takeover bid for its struggling competitor Intel, potentially creating a tech behemoth. The deal, while far from certain, would be the largest technology M&A deal in history, surpassing Microsoft’s acquisition of Activision Blizzard. However, antitrust scrutiny poses a significant challenge.

The Biden administration is considering blocking the $14.1 billion takeover of United States Steel Corporation by Japanese Nippon Steel, citing potential national security risks. The Committee on Foreign Investment (CFIUS) has yet to make a recommendation on the deal, despite mixed views from stakeholders. The Biden administration, however, remains committed to ensuring U.S. Steel remains under American ownership, while the U.S. State and Defense departments have not agreed with the potential security concerns.

Nordstrom’s stock is trading higher after the founding family proposed to take the company private. Goldman Sachs analyst Brooke Roach believes real estate value is a key factor in the deal. Roach also provided earnings forecasts for the company.

Shares of Seven & I Holdings, the owner of the 7-Eleven convenience store chain, experienced a significant decline after an initial surge sparked by a takeover proposal from Alimentation Couche-Tard. The proposed deal, if successful, would be the largest-ever foreign buyout of a Japanese company.

The proposed sale of Premier League club Everton to the Friedkin Group has fallen through, leaving the club facing further uncertainty. The deal, which was announced last month, was intended to secure funding for the construction of a new stadium. Everton has struggled financially in recent years and has been battling relegation in each of the last three seasons.

Mining giant Anglo American has seen its shares soar following a £31.1 billion takeover approach from rival BHP Billiton. The potential deal, if it goes ahead, would create the world’s largest copper miner and significantly boost BHP’s presence in the growing copper market. The move has sparked concerns about the shrinking size of the London stock market, with Anglo American a major FTSE 100 mainstay. Anglo American’s board is currently reviewing the proposal with its advisors.

In a move that could become one of the largest deals of the year, mining giant BHP is reportedly considering a potential takeover of London-listed Anglo American. The news comes as Anglo American shares have fallen 12% in the past year, with the company currently valued at £27 billion ($52 billion). BHP, which trades in London and Sydney, has a market value of approximately $230 billion.