Tag Archives: takeover

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