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August 1, 2021

Mergers and acquisitions

Dole stock slides 9% in public market debut on New York Stock Exchange

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CNBC – For more and to sign up click here The New York Stock Exchange welcomes executives and guests of Dole (NYSE: DOLE), on July 30, 2021, in celebration of its Initial Public Offering. To honor the occasion, Johan Linden, Chief Operating Officer, Seamus Mulvenna, CEO Total Produce North America......

Chinese tech giants are snapping up gaming studios around the world – here are some potential ramifications

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CNBC – For more and to sign up click here People play computer games at an internet cafe in Fuyang, China’s Anhui province. Lu Qijian | Visual China Group | Getty Images LONDON – After decades of the U.S. and Japan dominating the gaming space, China’s influence is growing as......

Visa makes another big bet on fintech, buying UK payments start-up Currencycloud

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CNBC – For more and to sign up click here A Visa debit card. Simon Dawson | Bloomberg | Getty Images LONDON — Visa said Thursday it has agreed to buy British payments start-up Currencycloud, in its second major fintech acquisition of 2021. The deal values Currencycloud at £700 million......

Chinese driverless car start-up WeRide makes first acquisition as competition ramps up

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CNBC – For more and to sign up click here WeRide robotaxis driving around the southern Chinese city of Guangzhou. The start-up began testing robotaxis in the city in 2019. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has made its first acquisition, an autonomous trucking company, as it......

Tencent says it’s buying UK video game developer Sumo Group, sending shares flying

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CNBC – For more and to sign up click here Tencent logo seen displayed on a smartphone. Omar Marques | SOPA Images.| LightRocket | Getty Images LONDON — Tencent said Monday it has agreed to acquire British video game developer Sumo Group for £919 million ($1.26 billion). The Chinese gaming......

Hong Kong biotech start-up is set to list on the Nasdaq in a SPAC merger

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CNBC – For more and to sign up click here Signage for Prenetics, a Hong Kong-based biotechnology company, at the company’s laboratory in Hong Kong, China, on Jan. 26, 2018. Anthony Kwan| Bloomberg | Getty Images Hong Kong biotech company Prenetics is set to merge with Artisan Acquisition, a special......

Digital mortgage lender Better acquiring Goldman Sachs-backed fintech ahead of public listing

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CNBC – For more and to sign up click here Vishal Garg, Better.com Source: Better.com Digital mortgage lender Better announced Monday that the company is making its first expansion overseas with the acquisition of Trussle, a U.K.-based digital mortgage and insurance broker backed by Goldman Sachs and Finch Capital, among......

China’s start-up investors look to other markets as regulatory scrutiny on U.S. IPOs builds

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CNBC – For more and to sign up click here A Chinese day trader plays cards with others at a local brokerage house in Beijing on August 27, 2015, the summer of a dramatic sell-off in Chinese stocks. Getty Images On Saturday, China’s cyberspace regulator proposed that any company with......

Nordstrom buys stake in four apparel brands owned by U.K. fashion house Asos, in bid for younger shoppers

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CNBC – For more and to sign up click here A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the......

Ex-NYSE president Tom Farley’s SPAC to merge with Bullish to bring planned crypto exchange public

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CNBC – For more and to sign up click here Thomas Farley Anjali Sundaram | CNBC Crypto startup Bullish plans to go public in a reverse merger with the special purpose acquisition company backed by Tom Farley, the former New York Stock Exchange president. Farley’s Far Peak Acquisition Corporation SPAC......

Wise debut turns the fintech’s founders into billionaires — here’s who else won big

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CNBC – For more and to sign up click here Wise founders Taavet Hinrikus, left, and Kristo Käärmann. Wise LONDON — The founders of money transfer service Wise are now billionaires — on paper, at least. The British fintech company formerly known as TransferWise went public on the London Stock......

If you’re going to invest in a Chinese stock, here’s what you need to know

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CNBC – For more and to sign up click here A courier for Missfresh grocery delivery drives past Chinese ride-hailing company Didi’s offices. Both companies went public in the U.S. in June 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — For investors in Chinese IPOs like Didi, reading......

Chinese-owned Nexperia confirms acquisition of UK’s largest chip plant

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CNBC – For more and to sign up click here Sefa Ozel | E+ | Getty Images LONDON — Nexperia, a Dutch chip firm owned by China’s Wingtech, confirmed on Monday that it plans to acquire the U.K.’s largest chip producer, Newport Wafer Fab. It comes after two people close......

Apollo joins Softbank-backed Fortress in race to buy British supermarket chain

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CNBC – For more and to sign up click here NEWPORT, WALES, UNITED KINGDOM – 2021/01/09: A shopper seen pushing her groceries outside Morrisons supermarket in Wales. May James/SOPA Images/LightRocket via Getty Image WM Morrison, Britain’s fourth-largest supermarket chain, could be about to become the target of an international bidding......

Nvidia’s takeover of Arm gets support from Broadcom and other chip heavyweights

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CNBC – For more and to sign up click here Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images U.S. chip giant Broadcom has......

Visa to buy Swedish fintech Tink for $2.1 billion after abandoning Plaid takeover

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CNBC – For more and to sign up click here Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images LONDON — Visa agreed Thursday to acquire Swedish financial technology start-up Tink for......

Embark CEO Alex Rodrigues, just 25, is taking his driverless truck start-up public via SPAC

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CNBC – For more and to sign up click here Embark, a self-driving truck venture led by 25-year-old CEO Alex Rodrigues, announced a deal to go public via SPAC on Wednesday. San Francisco-based Embark plans to combine in a $5.2 billion deal with Northern Genesis Acquisition Corp. II, a special......

GSK chief vows ‘step change in growth’ as consumer business is split off

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CNBC – For more and to sign up click here View of the headquarters of the British pharmaceutical company GlaxoSmithKline in west London. Ben Stansall | AFP | Getty Images LONDON — British pharmaceutical giant GlaxoSmithKline faces a crunch meeting with investors on Wednesday after announcing a new strategy for......

Vivendi shareholders back spin-off of flagship Universal Music Group

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CNBC – For more and to sign up click here Taylor Swift performs onstage during the Taylor Swift reputation Stadium Tour at Mercedes-Benz Stadium on August 11, 2018 in Atlanta, Georgia. John Shearer – TAS18 – Getty Images for TAS French media group Vivendi has won the backing of shareholders......

Chicken giant Sanderson Farms reportedly exploring a potential sale

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CNBC – For more and to sign up click here Igor Golovniov | SOPA Images | LightRocket | Getty Images Sanderson Farms is exploring a sale as chicken prices rise on increased demand, according to a report from the Wall Street Journal. Shares of Sanderson Farms closed at $166.58 on......

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