Tag Archives: takeover

Nippon Steel won’t give up on its U.S. Steel takeover deal despite strong pushback

Nippon Steel’s transaction has faced stiff resistance from politicians, including Biden and Trump, and the United Steelworkers, a major labor group. BY Reuters Japan’s Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U.S. opposition including from President-elect Donald … Continue reading Nippon Steel won’t give up on its U.S. Steel takeover deal despite strong pushback →

Jack Dorsey on Elon Musk’s X takeover and why he was right about free speech

Jack Dorsey on Elon Musk’s X takeover and why he was right about free speech Graeme Hanna Tech Journalist   Jack Dorsey has insisted the course of action taken by Elon Musk on X has been necessary in the pursuit of free speech. In a wide-ranging interview with Pirate Wires, the man who co-founded Twitter … Continue reading Jack Dorsey on Elon Musk’s X takeover and why he was right about free speech →

Intel walks away from its $5.4 billion takeover of Tower Semiconductor

Intel is acquiring Tower Semiconductor for $5.4 billion   Mariella Moon   @mariella_moon Intel could soon announce a nearly $6 billion acquisition that would give its fledgling foundry business a boost, according to The Wall Street Journal. The chip giant is reportedly close to clinching a deal to purchase Israeli chip company Tower Semiconductor, and … Continue reading Intel walks away from its $5.4 billion takeover of Tower Semiconductor →

Crypto exchange Binance abandons rescue of FTX one day after announcing takeover bid

Crypto exchange Binance abandons rescue of FTX one day after announcing takeover bid The company saw its rival’s books and decided to walk away. I. Bonifacic @igorbonifacic   Dado Ruvic / reuters FTX won’t be rescued by its biggest rival. One day after announcing a proposed deal to buy the cryptocurrency exchange, Binance said it … Continue reading Crypto exchange Binance abandons rescue of FTX one day after announcing takeover bid →