Dennis Mutua

Visa and Plaid Drops $5.3 Billion Merger Agreement Deal

Multinational financial services operator Visa Inc. (V) and financial software company Plaid have called off an earlier merger agreement deal worth $5.3 billion. The companies said a U.S government lawsuit intending to halt the merger deal citing antitrust issues is the main reason for termination of the deal. Back in November, U.S Justice Department made […]

Amazon to Drop QAnon Products from its Platform Following Capitol Chaos

Leading online retailer Amazon Inc. (AMZN) will be removing QAnon products from its various platforms including its stores and online marketplace. Amazon claims that after some extensive scrutiny it found out that QAnon followers were part of last week’s chaos and violence at Capitol in which five people lost their lives. It’s for this reason […]

Telus International Files for a U.S IPO of $100 Million

Canada based telecommunication company Telus International (CDA) filed with United States regulators seeking a U.S initial public offering of up to $100 million. Telus is mainly involved in providing multilingual customer service outsourcing and digital IT to clients across the world. The company says it’s looking forward to apply for its subordinate shares to get […]

Amazon and Apple Suspend Parler from Their Platforms

Tech giant Apple Inc. (AAPL) and leading e-commerce company Amazon Inc. (AMZN) have suspended social networking service Parler from App Store and web hosting service respectively. The two companies claim main reason behind the suspension is that Parler failed to take enough measures to prevent spread of posts inciting violence across its platform which is […]

NYSE Will Delist Three Chinese Telecom Companies

New York Stock Exchange (NYSE) said it will be delisting three Chinese telecom companies. This was confirmed by U.S. Treasury Secretary Steve Mnuchin who told NYSE chief Stacey Cunningham that he had disagreed with an earlier decision of reversing the delisting of these companies. Earlier, NYSE had said the companies will remain listed following a […]

Achronix to go Public Through a SPAC Merger Deal

Fabless semiconductor company Achronix Semiconductor Corp said it will be going public via merger with a Special Purpose Acquisition Company (SPAC) ACE Convergence Acquisition Corp in a $2.1 billion deal. Achronix says among its top reasons to go public is to diverge into new products and increase its growth rate. Due to some pending regulatory […]

Facebook and Twitter Temporarily Suspends Trump’s Accounts

Leading social media network Facebook Inc. (FB) and Twitter Inc. (TWTR) temporarily blocked the accounts of outgoing U.S President Donald trump from posting following chaos and riots emanating from unproved claims about election fraud from President Trump. Trump supporters stormed the U.S capitol on Jan 6 rioting in attempts to force congress to stop the […]

Nyakaa Seeking a United States IPO and a $3 Billion Valuation

India based cosmetics retailing startup Nyakaa is planning to go public by next year in the United States markets. Nyakaa is looking forward for the IPO to leave it with a market valuation of around $3 billion. Nyakaa is backed by private equity firm TPG and the company is an application based startup. Nyakaa was […]

Mondelez Set to Acquire Hu Master Holdings LLC.

Food, beverage and snack company Mondelez International Inc. (MDLZ) is looking forward to purchase provider of food catering services Hu Master Holdings LLC. According to Wall Street Journal, if the deal sails through it will leave Mondelez with a market value of over $250 million. Back in April 2019, Mondelez which is the manufacturer of […]

Google to Introduce Labels to its Apps on iOS

Google Play owner Alphabet Inc. (GOOGL) will be introducing app store privacy labels to its applications on the iOS operating system. This is expected to happen in the course of the week or latest next week. Under the new policy, developers will be required to reveal how users’ data is collected from App store and […]