Dennis Mutua

Qualcomm and SSW to Acquire Veoneer in a $4.5 Billion Deal

Leading semiconductor manufacturer Qualcomm Inc. (QCOM) has entered into an agreement with SSW Partners to acquire Sweden based automotive technology group Veoneer Inc. (VNE) in a deal worth $4.5 billion. SSW Partners is a newly launched investment company in New York and according to the agreement Qualcomm and SSW will purchase the stock of Veoneer […]

Former U.S President Wants Twitter Compelled to Restore His Account

Former United States President Donald Trump has asked a Federal judge to compel social network company Twitter Inc. (TWTR) to restore his twitter account which the company suspended at the beginning at the year claiming the account was posing a great risk to incitement of violence. At the end of last week, Trump filed a […]

Zoom Abandons $14.7 Billion Acquisition Deal With Five9 Inc.

Online video-conferencing services provider Zoom Video Communications Inc. (ZM) has abandoned a $14.7 acquisition deal of leading provider of cloud contact center solutions Five9 Inc. (FIVN) following various which came up while the deal was almost getting closed. Among the major reasons is the unwillingness by Zoom to add cash on its bid as the […]

Rivian Automotive Considering Internal Battery Manufacturing

United States based electric vehicle manufacturer specializing in building sport utility vehicle and pickup truck Rivian Automotive announced that it plans to start building batteries in-house since the company has been securing batteries for its vehicles from South Korean supplier Samsung SDI CO Ltd. (006400). In a regulatory filing, the company says manufacturing its own […]

Toyota Sells More Cars Than GM in the United States This Year

Japan leading auto manufacturer Toyota Motor Corp (TYO: 7203) has sold more cars in the United States for the first nine months of the year than U.S local manufacturer General Motors Co. (GM). According to industry data, for the first nine months of 2021, Toyota sold 1.86 million vehicles in the United States a number […]

Netflix Acquires Video Game Creator Night School Studio

Online streaming and movie production company Netflix Inc. (NFLX) has acquired video game creator Night School Studio, the company says this acquisition deal is aimed at diversifying its revenue sources especially now when the streaming market is highly competitive. This goes down as the first gaming studio acquisition by Netflix, Night School Studio is popularly […]

Whole Foods CEO and Co-Founder John Mackey to Resign Come Next Year

John Mackey, co-founder and chief executive officer of multinational supermarket chain stores specializing on groceries Whole Foods Market Inc. (WFM) announced that he will be stepping down from his position at the company come September next year. Mackey made this revelation in a letter he addressed to his fellow employees at the company in which […]

Samsung is Almost Resolving to Build $17 Billion Chip Factory in Texas

Giant tech company and manufacturer of consumer electronics Samsung Electronics Co Ltd (KRX: 005930) is on the verge of resolving to construct a $17 billion chip manufacturing facility in Williamson County in the U.S. state of Texas. In a filing with Texas State officials, Samsung said this plant will be manufacturing advanced logic semiconductor chips […]

AstraZeneca Set to Acquire Caelum Biosciences For $500 Million

Pharmaceutical and biotechnology company focusing to pushing boundaries in the science space to deliver life changing medicines AstraZeneca Plc. (LON: AZN) announced that it’s planning to acquire Caelum Biosciences Inc. in a deal worth $500 million. Caelum Biosciences is a clinical stage biotechnology company specializing on developing treatments for AL Amyloidosis which is a rare […]

Vista Equity Set to Acquire Blue Prism in a $1.5 Billion Deal

United States based private investment company Vista Equity is set to acquire UK based software company Blue Prism Group PLC (LON: PRSM) in a deal worth $1.5 billion (1.1 billion pounds). Blue Prism engages in making enterprise robotic process automation software which provides a digital workforce designed to automate sophisticated end-to-end operational activities. Vista Equity […]