Dennis Mutua

Mallinckrodt Files for Chapter 11 Bankruptcy Amidst Lawsuits

Irish pharmaceutical company Mallinckrodt Plc. (MNK) filed for chapter 11 bankruptcy protection on October 12 with the U.S. Bankruptcy Court for the District Of Delaware. This filing comes at a time when the company is facing lawsuits alleging that it engineered opioid epidemic in the United States. Back in March, Mallinckrodt was ordered by the U.S […]

Twilio to Acquire Customer Data Provider Segment in Deal Worth $3.2 Billion

California based cloud communication Tech Company Twilio Inc. (TWLO) will be acquiring customer data platform Segment in a deal worth $3.2 billion. Forbes was the first to report on the matter citing having secured the news from reliable sources. According to the sources, talks concerning the deal are on advanced stages but it’s yet to […]

Dun & Bradstreet to Purchase Bisnode in a Deal Worth $812 Million

Provider of commercial data, analytics, and insights for businesses Dun & Bradstreet Holding Inc. (DNB) has announced that it will be purchasing Sweden based provider of marketing services and credit information to digital businesses Bisnode in a deal worth $812 million. In a statement, Dun & Bradstreet said it will be doing the acquisition through […]

IBM Splitting Into Two Public Companies

International Business Machine Corp. (IBM) has announced that it will be splitting into two publicly traded companies with a main aim of focusing on high margin cloud computing. This decision has taken many unaware since no one was expecting the 109 year old company to diversify away from its traditional business. The company will list […]

Clover Health to go Public Through Merger with Social Capital Hedosophia

U.S based healthcare insurance company Clover Health will be going public through a merger with a blank check company Social Capital Hedosophia Holdings Corp in a deal worth $3.7 billion inclusive of debt. This year numerous companies have opted to go public through mergers with blank check companies also known as special purpose acquisition company […]

Fubo TV Raises $183 Million From its IPO

2015 launched sports focused streaming provider Fubo TV Inc. (FUBO) made its initial public offering debut fetching a total of $183 million from the IPO held on October 7. The company sold its share at $10 per share in the IPO. Shares of the company will start trading on the New York Stock Exchange under […]

Sequoia Conducts its IPO in Brazil Raises $179 Million

Brazil based logistics and company Sequoia Solucoes Logisticas conducted an initial public offering in its home market on 5 October. According to Brazil’s market regulator the company fetched 1 billion reais ($179.39 million) in the IPO. In the IPO, the company priced its shares at 12.40 reais per share which was even lower than the […]

Microsoft Denies Allegations of Plans to Double Number of High Ranking Black Employees

U.S based Technology Company Microsoft Corp. (MSFT) has denied allegations making rounds social platforms that it plans to increase diversity in its workplaces among employees by pumping in $150 million and doubling number of black employees in high ranking positions. These reports were being spread around by the U.S. Department of Labor however the company […]

NEC to Acquire Avaloq in a Deal Worth $2.2 Billion

Japan based technology and electric company NEC Corp (TYO: 6701) will be purchasing Swiss based financial software company Avaloq Group AG in a deal worth 2.05 billion Swiss francs ($2.2 billion). NEC opts to use this acquisition to make entry into the financial software market. For the longest time now Avaloq has remained as a […]

Cisco Ordered to Pay $1.9 Billion After Losing a Patent Lawsuit

Silicon Valley based Technology Company Cisco Systems Inc. (CSCO) has been ordered by a U.S court to pay $1.9 billion after losing a patent lawsuit to Virginia based Centripetal Networks Inc. for copying cybersecurity patents of the company. After over a one month period which the case lasted, U.S. District Judge Henry Morgan in Norfolk, […]