Markets

Nvidia is buying Mellanox Technologies in a $6.9 billion deal

Nvidia has agreed to buy the chipmaker Mellanox Technologies in a $US6.9 billion all-cash deal that will help it expand into the market for data-center components. The deal, which is the largest in Nvidia’s history, will pay Mellanox shareholders $US125 a share-a 14.3% premium to Friday’s closing price. “We’re excited […]
Nvidia is buying Mellanox Technologies in a $6.9 billion deal
Markets

Bristol-Myers’ record-breaking $74 billion biotech deal is in jeopardy

Bristol-Myers Squibb Co.’s $US74 billion takeover of Celgene is in jeopardy after Bristol-Myers’ second-largest shareholder turned against it. Wellington Management, which owns a 7.7% stake in Bristol-Myers, laid out three reasons it opposed the deal. The deal was questioned by investors and analysts since it was announced. Watch Bristol-Myers Squibb […]
Bristol-Myers’ record-breaking $74 billion biotech deal is in jeopardy
Markets

SunTrust and BB&T used a word that should terrify their employees

SunTrust Banks and BB&T announced Thursday morning they were joining forces in a $US66 billion deal. In the statement announcing the transaction, the companies said the deal would produce about $US1.6 billion in “synergies.” Synergies are what you get when you eliminate redundancies to cut costs, and they most likely […]
SunTrust and BB&T used a word that should terrify their employees
News

China isn’t taking Alibaba’s latest rejection very well

The US will not allow Alibaba purchase US money transfer company, MoneyGram, and China’s not happy about it. This spat kicks off what could be a contentious few months for US-China economic relations. In the coming months, The White House has to make a bunch of decisions about tariffs on […]
China isn’t taking Alibaba’s latest rejection very well
News

The big loser in the CVS-Aetna deal already seems pretty clear

CVS’s $US69 billion deal to acquire Aetna is the latest in big healthcare consolidations – the entire industry is headed in the same direction. Unfortunately for Express Scripts, the biggest pharmacy benefit manager in the country, it’s running out of companies to partner with. No one wants to be the […]
The big loser in the CVS-Aetna deal already seems pretty clear
Markets

Westpac to sell out of fund manager BTIM

Westpac is selling a stake of up to $645 million in BT Investment Management as part of a plan to offload all its stake in the fund manager. The Sydney-based lender is selling 60 million shares at a price range of $10.25 to $10.75 per share. The bottom of the […]
Westpac to sell out of fund manager BTIM
Markets

MYOB is buying Paycorp Payment Solutions for $48 million

MYOB, an Australian cloud software group, has agreed to buy Paycorp Payment Solutions for $48 million. The acquisition will be funded with existing cash and is expected to close in April, MYOB said in a statement. The deal will add 6,500 clients to MYOB, which has launched online and mobile […]
MYOB is buying Paycorp Payment Solutions for $48 million