Shares of Twitter plunged in premarket trade on Friday after a report Biden administration officials are considering subjecting some of Elon Musk’s ventures to national-security reviews. Twitter TWTR, +1.18% shares Read more
Tag: takeovers
U.S. mulls security reviews for Elon Musk’s deals, including Twitter: report
Biden administration officials are considering subjecting some of Elon Musk’s ventures, including his planned acquisition of Twitter Inc., to national security reviews, according to a new report. Bloomberg News reported Read more
Philip Morris boosts Swedish Match bid and buys U.S. rights to Iqos
Philip Morris International Inc. raised its offer for Swedish Match by 9.4% and has agreed to pay $2.7 billion to regain the U.S. rights for its IQOS heated tobacco products Read more
Elon Musk ‘excited’ by Twitter’s potential, even though he’s overpaying
Elon Musk admitted Wednesday that he’s “obviously” overpaying to acquire Twitter Inc., but said the social network’s long-term potential far surpasses its current value. Speaking in a conference call following Read more
Biden to promise bill codifying abortion rights if Democrats keep Congress
With three weeks to go until Election Day for the midterm races, President Joe Biden on Tuesday is slated to talk up his party’s support for abortion rights, as Republicans Read more
Activist investor Starboard has nearly 5% stake in Splunk, seeks to boost stock
Activist investor Starboard Value LP has a sizable stake in Splunk Inc. and plans to push the software maker to take action to boost its stock price, according to people familiar with the Read more
Nutanix stock rallies 25% on speculation of sale
Nutanix Inc. shares rallied Friday following a report that the hyperconverged-infrastructure company is looking for a possible sale of the company. Nutanix NTNX, +23.23% shares surged more than 25% to an Read more
Flexjet going public with a $3.1 billion value after merger with SPAC Horizon Acquisition Corp. II
Subscription-based private aviation company Flexjet Inc. said Tuesday it will go public through a merger with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II HZON, in a deal that Read more
Bio-Rad and German-based biotech Qiagen weighing latest tie-up in medical-diagnostic market
Bio-Rad Laboratories Inc. is in talks to combine with fellow life-sciences company Qiagen NV in a deal that would be worth more than $10 billion, according to people familiar with the matter. The talks Read more
Judge delays Twitter v. Elon Musk trial to allow deal to close
The judge in a legal battle between Twitter Inc. TWTR, -3.72% and Tesla Inc. TSLA, -1.11% Chief Executive Elon Musk on Thursday delayed their trial, previously set for Oct. 17, Read more