Mergers & Acquisitions

UPS to Sell Coyote Logistics to RXO for Staggering $1 Billion

UPS said that RXO will purchase its Coyote Logistics subsidiary for $1.025 billion.

TikTok Shop-Tokopedia Merger Could Leave Thousands of Employees Jobless; Almost 500 Already Terminated

The TikTok Shop-Tokopedia merger in Indonesia could leave thousands of employees jobless. ByteDance has already begun terminating hundreds of staff...

Cognizant to Acquire Digital Engineering Firm Belcan for Nearly $1.3 Billion

Cognizant has announced the acquisition of digital engineering firm Belcan for nearly $1.3 billion...

Robinhood Acquires Crypto Platform Bitstamp for $200 Million

It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion...

Latest News

Paramount, Skydance Agree on Merger Terms; $8 Billion M&A Deal Could Be Announced Soon
Paramount and Skydance agreed on their merger terms. Will Shari Redstone approve the M&A deal? Here are the latest details.
Adam Neumann Withdraws $500 Million Offer to Buy Back WeWork
WeWork founder Adam Neumann has withdrawn his multi-million dollar offer to buy back the bankrupt firm.
T-Mobile Purchases US Cellular Operations, Expands 5G Coverage
T-Mobile is acquiring US Cellular’s wireless operations and spectrum assets for $4.4 billion, enhancing its network coverage and capacity while consolidating the industry.
Reddit Collaborates With OpenAI to Bring Contents to ChatGPT, AI Tools
OpenAI's partnership with Reddit allows access to real-time content, enhancing ChatGPT and future products with platform discussions.
Paramount, Amazon Initiate Talks on Expanding Media Partnership
Paramount has been reported to be talking with Amazon to expand its media partnership, including the bundled sales of channels and advertising measures.
Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans
Anglo American decided on abandoning its diamond, platinum, and coal operations in order to realign its operations on nickel and avoid acquisitions offered by BHP Group.
Uber to Acquire Foodpanda’s Taiwan Operations for Whopping $950 Million Cash
Uber has agreed to pay $950 million in cash to acquire Taiwanese unit of Foodpanda owned by Delivery Hero.
Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.
Private Equity Firms Eye Peloton Amid CEO Departure, Cost-Cutting Talks
Private equity firms are considering buying Peloton amid the CEO's departure and cost-cutting efforts. Restructuring aims to reduce expenses, and debt refinancing is in progress.
Steve Wozniak’s Space Firm Privateer Buys Orbital Insight, Raises $56.5 Million in Funding
Steve Wozniak’s space date company Privateer has acquired Orbital Insight for an undisclosed amount.
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