Italian based bank which specializes on payment systems Nexi SpA (BIT: NEXI) has prolonged its exclusive merger talks with Nets up to November 16. The company made the announcement when it was reporting its third quarter results. In the beginning of the month, Nexi opened discussions over a potential $8 billion merger deal. The company […]
Dennis Mutua
Microsoft Launches Next Generation Xbox Consoles
Microsoft Corp. (MSFT) has launched two new models Xbox gaming console. The consoles dubbed Xbox Series X and Xbox Series S will be going for $499.99 and $299.99 respectively. The company says the Xbox Series X is the most powerful gaming console in the world. The lower priced Xbox Series S is already facing backlash […]
Apple Introduces MacBook Using Its Own Processor
Tech giant Apple Inc. (AAPL) introduced MacBook Air notebook together with other devices which for the first time will be using its own in-house designed processor in a move that will even technologically link Apple’s devices closer together. The new processor chip dubbed the M1 is seen as a breakthrough by developers since it will […]
Apple Puts Its Supplier Pegatron on Probation Following Policy Violation
IPhone manufacture Apple Inc. (AAPL) has placed its Taiwan based supplier Pegatron Corp. (4938) on probation after discovering the company violated its supplier’s code of conduct. The violation in question is related to a student worker program said the tech giant. “Several weeks ago, we discovered Pegatron – one of Apple’s suppliers in China – […]
Adobe to Purchase Workfront in a Deal Worth $1.5 Billion
Multimedia and creativity software products company Adobe Inc. (ADBE) will be purchasing Workfront, a marketing work management startup in a deal worth $1.5 billion. Adobe believes this acquisition will helps its clients link better especially at this time when many workers have been pushed to work from home due to unavoidable circumstances courtesy of the […]
Walmart to Lose $1 Billion After Selling Operations in Argentina
U.S based and world largest retailer Walmart Inc. (WMT) has concluded to sell off its operations in Argentina which is currently going through an economic recession catalyzed by the coronavirus pandemic. Walmart said it will incur a $1 billion after-tax, non-cash loss resulting from this sale. The retailer will be selling these operations to Grupo […]
Alibaba and Richemont Investing $1.1 Billion in Online Luxury Fashion Retailer Farfetch
Leading Chinese tech e-commerce and tech company Alibaba Inc. (BABA) and Swiss based luxury goods holding company Compagnie Financière Richemont SA (SWX: CFR) will be injecting a $1.1 billion investment in online luxury fashion retail platform Farfetch Ltd. (FTCH). Asia online demand for luxury goods has been on the rise forcing Farfetch to create a new […]
Couche- Tard to Makes a Deal to Buy Convenience Retail’s Hong Kong Unit for $360 Million
Canada based operator of convenience stores Alimentation Couche-Tard Inc. (ATD) simply referred to as Couche- Tard has entered into a deal to purchase the Hong Kong unit of Convenience Retail Asia Ltd (0831 ) for HK$2.79 billion ($359.80 million). According to a regulatory made by Convenience Retail Asia to the Hong Kong bourse, the company […]
Facebook and Twitter Suspends Accounts Spreading Misinformation About U.S Elections
Leading social media networks Facebook Inc. (FB) and Twitter Inc. (TWTR) have suspended multiple accounts which have been passing across misinformation about ongoing U.S elections. Most of these accounts are newly created and they have been violating policies of these social media platforms. Twitter said it suspended the involved accounts for posting identical posts which […]
Aphria to Acquire Sweetwater in a Deal Worth $300 Million
Canada based pharmaceutical company and cannabis producer Aphria Inc. (APHA) will be purchasing craft brewer SweetWater Brewing Co in a deal worth $300 million. Aphria will be using this acquisition to broaden its market share in the United States and also enter the alcoholic beverages market. Following the acquisition, Aphria will become the first cannabis […]
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