M&A, Investment, and Securities

EU Launches Antitrust Investigation on Recent Suspicious Mergers

On a Wall Street Journal report, The European Union (EU) accuses companies Canon Inc (CAJ), General Electric (GE), Merck (MKGAY), and Sigma-Aldrich Corp of violating the EU’s antitrust laws. Margrethe Vestager, EU’s Competition Chief says her department is investigating new merger clearances if companies have in any way misled the commission upon registering for an antitrust review. Mergers that are under suspicion include the $1.65 billion deal with GE and LM Wind Power, as well as the $17 million merger between Merck and Sigma Aldrich. The commission also suspects that Canon’s deal with Toshiba Medical Systems had been implemented before […]

$9.94 Billion Deal on Worldpay – Vantiv Merger

Vantiv, a U.S credit card processing company, announced Wednesday that it plans to take over U.K payment processing company Worldpay. The deal is said to be worth $9.94 billion. Worldpay also revealed that they had been approached by finance companies Vantiv and JP Morgan Chase for acquisition. According to a statement from the bank, JP Morgan decided not to make an offer on the merger after preliminary considerations. Completion of the potential merger will de-list Worldpay shares from the London Stock Exchange and the common stock of Vantiv will continue its listing on the New York Stock Exchange. Shareholder approval […]

Amazon Acquires E-commerce Firm Souq

In an announcement in March, Amazon confirmed its acquisition of UAE e-commerce company, Souq. This marks the first official move of the U.S retail company to penetrate the Middle Eastern marketplace. Souq was reportedly acquired at $580 million according to SEC filings. Both companies announced that an initial update now lets customers access Souq.com using their Amazon login.  After which, an integration of products and services will soon allow users to access features available on either site. Ronaldo Mouchawar, CEO and Co-Founder of Souq revealed that their goal with Amazon is to provide clients a vast array of products to […]

Eye-tracking Company SMI acquired by Apple

Apple acquires German company SensoMotoric Instruments (SMI) reports MacRumors. The eye-tracking firm is a significant contributor to the eye-tracking industry, producing hardware for consumer-centric applications such as virtual reality eye-tracking and proprietary eyeglass research. The company also created an eye-tracking development kit made for the HTC Vive VR headset in the previous year. Apple has confirmed the purchase but did not give out any information on their specific plans to use the company’s technology. Source: Tech Crunch