buyout

Apple has confirmed the purchase of an augmented reality company called Mira, although it isn't known how much money changed hands to get the deal done.The buyout confirmation comes after Apple entered the world of AR and VR headsets with the announcement of its Vision Pro headset. The headset was finally announced during the WWDC 2023 event on June 5 following years of rumors.As for Mira, the company has contracts with the US Air Force as well as the Navy, and it isn't yet clear whether those contracts will continue now…

Ardova Plc reached the critical stage of delisting its shares from the Nigerian Exchange after a buyout agreement that will see minority shareholders get 2.9 per cent more than the settlement price the acquiring investor initially offered them. “Each scheme shareholder (as defined in the scheme document) shall receive ₦17.88K per scheme share held,” the energy firm stated in the outcome document of a court-ordered meeting released on Monday. Businessman Abdulwasiu Sowami, who already owns an indirect stake of…

A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk's $44 billion buyout.Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter's lawsuit to force Musk to complete the buyout after he tried to back out. The public relations firm said Twitter ended its contract on Nov. 16, three weeks after the buyout closed, and no longer communicates about its payment demand beyond an automated pledge to…

Microsoft was dealt a blow by the UK's Competition & Markets Authority this week when the agency said it would move to block the Xbox company's $68.7 billion buyout of Activision Blizzard. The CMA's major concern pertained to cloud gaming.Microsoft has now signed yet another lengthy cloud gaming deal with a UK provider as the company prepares to appeal the CMA's decision.Microsoft president Brad Smith announced on Twitter that Microsoft and European cloud gaming platform Nware have agreed to a 10-year…

The economy has declined, and the blockchain space and various cryptocurrencies have decreased in value. The key reasons the market has been falling are Silvergate Bank’s announcement of shutting down operations and liquidating assets at its crypto-friendly subsidiary and the closure of Signature Bank by regulators, another leading bank for crypto firms. The Silicon Valley Bank also collapsed, and the entire economy plummeted. Bitcoin (BTC) and Solana (SOL) have decreased in value as well, and many investors think that…

Credit: Pixabay/CC0 Public Domain If you own stock in a company targeted for acquisition, the behavior and makeup of the company's board of directors—particularly whether it includes women—could be worth a lot of money for you. A study co-authored by UC Riverside business professor Jerayr "John" Haleblian found boards that meet…

Sony will need to produce all of its documents related to third-party deals from 2019 to the present, despite the company's attempts to have the request thrown out, a Federal Trade Commission judge has ruled.Microsoft subpoenaed copies of every Sony third-party licensing agreement from 2012 to the present, as well as documents and communications related to Sony Interactive Entertainment president Jim Ryan's declaration to the FTC. This comes as part of its defense-building process ahead of the FTC's…

The European Commission, the European Union's competition regulator, has announced that it has pushed back the provisional deadline to rule on Microsoft's acquisition of Activision Blizzard. The ruling is now set to release on April 25.As spotted by VGC, the news comes only a day after EU antitrust boss Margrethe Vestager urged caution. When asked by Bloomberg whether regulators were "racing" to get a ruling, Vestager said, "I think that’s a very important discussion because we cannot be in a race. We…

The deal is part of Amazon's long-running ambition to delve deeper into healthcare, helping consumers receive more efficient medical advice and medicinesAmazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical. The e-commerce giant has said the buyout, which was announced in July, is a key component of its growing health care business, which includes its online drugstore Amazon Pharmacy and a patient to doctor messaging service called Amazon Clinic. One Medical,…

Major video game labor union Communication Workers of America urged the European Commission to approve the pending Microsoft-Activision merger. Representatives of the union sent a letter to the executive vice president of the European Commission Margrethe Vestager, ahead of the commission's closed-door meeting concerning the merger in Brussels.The letter argued that the merger will have positive effects on labor organization within the industry. Accusations of a sexist and racist culture at Activision…