Dennis Mutua

Samsung’s Head Admits Unlawfully Using Controlled Substances

Jay Y. Lee, the chairman of South Korean leading tech company engaging in producing consumer electronics Samsung Electronics Co Ltd. (KRX: 005930) has admitted having unlawfully used controlled substances. Lee pleaded guilty in a court of law on October 12 to a charge against him of unlawfully use of sedatives. Lee was released on parole […]

Emerson Considering Merging Its Software Units With Aspen Technology

United States based company specializing on providing engineering and technology services for industrial, commercial and consumer markets Emerson Electric Co. (EMR) is considering to merge its software units with Aspen Technology Inc. (AZPN). Aspen Technology engages in asset optimization software helping industrial companies run their operations more safely and efficiently. This merger deal is valued […]

Ant Group Scales Up its Registered Capital by 47% to $5.4 Billion

China based provider of innovative technology focusing at providing the world with green, inclusive and sustainable services Ant Group announced having ramped up its registered capital by 47% to $5.44 billion up from $3.7 billion. The company says that the additional registered capital came from capitalization of its capital reserve and that it didn’t engage […]

Tesla Ditching California for Texas for its Headquarters

Leading electric vehicle manufacturer Tesla Inc. (TSLA) announced that it will be moving its headquarters from Silicon Valley’s Palo Alto, California to Austin, Texas. This announcement was made by the company’s CEO Elon Musk who says the new headquarters will be located where the company is building a mega car battery manufacturing facility. “I’m excited […]

Reliance Industries Acquires REC Solar in a Deal Worth $771 Million

India based multinational company with investments in telecommunications, petroleum, retail, textile, mass media and natural gas Reliance Industries Ltd. (NSE: RELI) has purchased REC Solar in a deal worth $771 million. China National Bluestar Co Ltd is the former owner of REC Solar. Back in June, Reliance announced that it will be pumping in an […]

Twitter Selling its Mobile ad Unit MoPub to AppLovin for $1.05 Billion

Leading social network company Twitter Inc. (TWTR) announced having reached an agreement to sell its mobile ad unit MoPub to AppLovin Corp. (APP) in a cash deal worth $1.05 billion. AppLovin is a tech company which gives mobile app developers most powerful set of solutions to grow their apps. Twitter says that it resolved to […]

Eneos Set to Purchase Japan Renewable Energy in a $1.8 Billion Deal

Japan based petroleum company Enoes Holding Inc. (TYO: 5020) is looking forward to purchase Japan Renewable Energy in a deal which will cost about $1.8 billion (200 billion yen). This development was first reported on Nikkei Business daily on September 7. Currently, Japan Renwable Energy is jointly owned by United States multinational investment bank and […]

Nvidia Offering EU Concessions in Efforts to Secure Regulatory Approval Over Arm Acquisition Deal

United States based giant technology company involved in designing graphics processing units for gaming and chip units for mobile computing NVidia Corp (NVDA) is offering concessions in efforts to get its bid to acquire UK based chip designer Arm approved by the European Union (EU) regulator. Nvidia made public its intention to buy Arm last […]

UBS Clients to Raise $650M in Largest Biotech Impact Fund

The wealthy clients of Swiss based investment bank and financial service provider UBS Group AG (SWX: UBSG) have raised $650 million for the biggest ever biotechnology impact fund. The bank made the announcement. Impact investing is a financial terminology used to explain the philanthropic goals into mainstream financial holdings. Just like financial returns, Impact investing […]

Tesla to Pay $136.9 Million to Former Black Employee Over Racism

Leading electric vehicle manufacturer Tesla Inc. (TSLA) has been ordered by a federal judge to pay more than $130 million for compensation of damages to its black former employee after the jury determined that the employee was subjected to racially hostile work environment. The victim is one Owen Diaz, a contract worker who worked as […]