Tag: takeover
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The Digital Takeover: How Traditional Finance is Embracing Crypto
In a world where technological advancements are rapidly reshaping the way we conduct our financial affairs, the concept of cryptocurrencies has gained immense traction. Traditional finance, once resistant to change, is now beginning to recognize the potential of digital currencies. Institutions and individuals alike are venturing into the realm of crypto, and it’s a trend…
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General Electric resumes talks to sell its industrial solutions business to ABB
General Electric has resumed negotiations to sell its industrial solutions business to ABB, according to a report on Reuters.com. The US conglomerate’s industrial solutions business includes products such as circuit breakers, relays, panel boards and other technologies for sectors including power generation, telecommunications and mining. Swiss company ABB had previously talked to GE about possibly…
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US gives Midea green light to buy Kuka
Reuters China’s Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. Midea, which launched a €4.5 billion offer for Kuka in May, said Germany’s markets regulator had approved the settlement of the transaction, allowing it…
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SoftBank to buy ARM
Japanese communications giant SoftBank is to acquire ARM Holdings for £24.3 billion, according to a report on the Financial Times website. SoftBank has been on something of a spending spree in recent years and is looking to raise its profile in markets outside of Asia, where it is already well-known. The company is particularly interested…