US government to probe Zoom deal over China ties
A Justice Department-led panel is investigating Zoom Video Communications Inc.’s deal to buy an American customer-service software company, citing potential national-security risks posed by the U.S. videoconferencing giant’s China ties.
Salesforce rival Freshworks raises $1.03B in US IPO, valued at $10.13B
Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com rival at $10.13 billion as hybrid work fuels demand for its products.
FTC signals crackdown on loopholes protecting Big Tech's unreported acquisitions
The FTC's Office of Policy Planning released findings on Wednesday from a study which focused on over 600 unreported acquisitions by Alphabet, Amazon, Apple, Facebook, and Microsoft between Jan. 1, 2010 and Dec. 31, 2019.
Invesco in talks to merge with State Street’s asset-management business
Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said.
Bill Gates' investment firm to take control of Four Seasons in $2.21B deal
Bill Gates' Cascade Investment LLC is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for $2.21 billion, the hotel operator said on Wednesday.
PayPal snaps up Japanese buy now, pay later firm Paidy for $2.7B
U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry witnessing a pandemic-led boom.
Kansas City Southern in talks on Canadian Pacific’s $31B bid
Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National’s $33.6 billion bid last week.
Fatburger, Johnny Rockets parent: Labor 'crisis' a ‘total nightmare’
FAT Brands Inc. CEO Andrew Wiederhorn explained how the labor “crisis” has affected his businesses, calling the situation a “total nightmare.”
Kansas City Southern takeover vote delayed after bid gutted
A planned shareholder vote on Canadian National's $33.6 billion offer has been delayed after regulators rejected a key part of the plan, so now Kansas City Southern railroad can consider all of its options, including a competing $31 billion offer from Canadian Pacific Railway.
Intuit in talks to buy Mailchimp for over $10B: report
Intuit Inc. is in talks to buy email marketing company Mailchimp for more than $10 billion, according to Bloomberg News.
FTC to target oil and gas mergers
The Federal Trade Commission has set its sights on the oil and gas industry as the Biden administration seeks to battle rising fuel prices.
Baxter is in advanced talks to buy Hill-Rom for about $10B
Baxter International Inc. BAX 0.27% is in advanced talks to buy medical-equipment maker Hill-Rom Holdings Inc. HRC 0.96% for around $10 billion, according to people familiar with the matter.
ESPN explores sports-betting deal worth at least $3 billion
Walt Disney Co. ’s ESPN is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to people familiar with the matter, aiming to capitalize on the fast-growing online gambling industry.
Western Digital in advanced talks to merge with Kioxia in $20 billion-plus deal
Western Digital Corp.
Toshiba in talks with four investment firms for strategic ideas
Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said.
Bankers continue to talk up ViacomCBS sale but say there’s no obvious buyer right now: Gasparino
Sources tell FOX Business’ Charlie Gasparino that Shari Redstone has been seen looking to unload ViacomCBS but faces significant hurdles.
Richard Branson's Virgin Orbit to go public through SPAC
Richard Branson's satellite launch company Virgin Orbit will make its stock market debut on the Nasdaq through a merger with special purpose acquisition company NextGen Acquisition Corporation II.
S&P, Nasdaq rally to records as investors eye Fed's Jackson Hole event
Stocks hit records as investors looked ahead to a key Federal Reserve event that could lay out the framework for the central bank to begin tapering its asset purchases.
Trillium Therapeutics shares soar on Pfizer’s $2.26B deal
Pfizer's $2.26B Trillium deal will target drugs for blood cancers, such as leukemia, multiple myeloma and lymphoma, according to the companies.
Goldman Sachs-backed broadband firm nears investment deal with Abu Dhabi Fund
An investment group that includes Abu Dhabi’s sovereign-wealth fund is close to acquiring a minority stake in CityFibre Infrastructure Holdings in a deal that would value the U.K. fiber-optic-broadband provider at more than $2.7 billion, according to people familiar with the matter.


















