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mergers

Samsung plans to acquire big firms in 2024, considering mega mergers as well

2023 was a tough year for Samsung, as its profit dropped 85% compared to last year due to low demand for smartphones and memory chips. However, the company hasn't lost its hopes and is looking to invest even more money to secure its future. One way to secure the future is to acquire promising firms that can extend business in the long run. Samsung could announce mega acquisitions and mergers in 2024 Samsung Electronics may set out to plan mega-sized acquisitions and mergers this year. Last year, the company acquired…

Hewlett Packard Enterprise Strikes $14 Billion Deal to Buy Juniper Networks

Hewlett Packard Enterprise struck a roughly $14 billion deal to buy Juniper Networks in a big bet on networking and artificial intelligence. The companies unveiled the transaction late Tuesday, a day after The Wall Street Journal reported that a deal was close. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Hewlett Packard Enterprise struck a roughly $14 billion deal to buy Juniper Networksin a big bet on networking and artificial intelligence. The companies

Hewlett Packard Enterprise to Buy Juniper Networks For $14 Billion

Hewlett Packard Enterprise has agreed to buy Juniper Networks, a $14 billion deal that would merge two legacy network-operations companies as they seek to capitalize on the rise of generative artificial intelligence.The Wall Street Journal reported on Monday that the companies were nearing a deal.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Hewlett Packard Enterprise has agreed to buy Juniper Networks, a $14 billion deal that would merge two legacy

Hewlett Packard Enterprise Near Deal to Buy Juniper Networks

Updated Jan. 8, 2024 6:31 pm ETHewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence. A deal between the two companies could be announced as soon as this week, according to people familiar with the matter, assuming the talks don’t fall apart. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 8, 2024 6:31 pm

Zee Entertainment Shares Fall on Reports of Sony Calling off Merger Deal

Shares of Zee Entertainment Enterprises fell sharply Tuesday after news reports that Japan’s Sony Group may call off a merger of its India operations with the former.Zee Entertainment shares fell as much as 13% and were last down 6.7% at 258.75 Indian rupees ($3.12).Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Shares of Zee Entertainment Enterprises fell sharply Tuesday after news reports that Japan’s SonyGroup may call off a merger of its India operations with

GSK Buys Aiolos Bio for Up to $1.4 Bln

Updated Jan. 9, 2024 2:35 am ETGSKsaid it bought biopharmaceutical company Aiolos Bio for an upfront consideration of $1.0 billion and the potential for an additional $400 million, the latest in a string of pharmaceutical majors buying fast-growing biotechs to restock their pipelines.The British pharmaceutical giant said Tuesday that the deal to buy San Francisco and London-based Aiolos Bio, which focuses on patients with respiratory and inflammatory conditions, includes a Phase 2-ready antibody called AIO-001 for the

JetBlue CEO to Step Down as Airline Awaits Judge’s Ruling on Spirit Airlines Merger

Updated Jan. 8, 2024 5:37 pm ETRobin Hayes will step down as CEO of JetBlue Airways after about nine years at the helm, citing a doctor’s advice, as the company waits to find out whether a federal judge will block the merger with Spirit Airlines that he championed. Joanna Geraghty, a longtime JetBlue executive and the airline’s current president, will take his place as chief executive when Hayes steps down in February. She will become the only woman at the helm of a major U.S. airline. Copyright ©2024Dow Jones &

Johnson & Johnson to Acquire Cancer-Treatment Developer Amrbx for $2B

Johnson & Johnson will acquire cancer-treatment developer Ambrx Biopharma in a $2 billion cash deal.The pharmaceutical giant said Monday that the deal to acquire all shares of Ambrx for $28 each was expected have a value of $1.9 billion net of estimated cash required.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Johnson & Johnson will acquire cancer-treatment developer AmbrxBiopharma in a $2 billion cash deal.The pharmaceutical giant said Monday that the

Boston Scientific To Acquire Axonics For About $3.7 Bln

Boston Scientific will acquire Axonics for about $3.7 billion in cash.The companies said on Monday that Axonics had agreed to be bought for $71 a share. Boston Scientific said the deal gave Axonics an equity value of $3.7 billion and an enterprise value of $3.4 billion.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Boston Scientific will acquire Axonicsfor about $3.7 billion in cash.The companies said on Monday that Axonics had agreed to be bought for $71 a share.

Merck to Buy Harpoon Therapeutics for $680 Million

Merck & Co.has struck a deal to buy clinical-stage immunotherapy company Harpoon Therapeutics for about $680 million.Merck on Monday said it will pay $23 a share in cash for Harpoon, more than double Friday’s closing price of $10.55 for the South San Francisco, Calif., company.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Merck & Co.has struck a deal to buy clinical-stage immunotherapy company Harpoon Therapeuticsfor about $680 million.Merck on Monday said