BB&T to buy SunTrust in biggest US bank deal in a decade
- 08-Feb-2019
U.S. regional lender BB&T Corp said it will buy rival SunTrust Banks Inc for about $28 billion in stock.
Uber in talks to buy Dubai riding-hailing rival Careem
- 17-Sep-2018
Ride-hailing company Uber is in talks to buy Dubai-based rival Careem for about $2 billion to $2.5 billion, Bloomberg reported here on Monday, citing people familiar with the matter. No final decisions have been made, and the companies may decide against the transaction, according to Bloomberg. Uber and Careem held preliminary talks in July to […]
Erdogan tells Turks to buy plunging lira as Trump turns the screws
- 11-Aug-2018
ISTANBUL/ANKARA: President Tayyip Erdogan told Turks on Friday to exchange their gold and dollars into lira, with the currency in free fall as President Donald Trump escalated a feud with Ankara by doubling tariffs on metals imports. The lira has long been falling on worries about Erdogan’s influence over monetary policy and worsening relations with […]
Southeast Asia’s Grab in talks to buy into Uber’s regional business: source
- 08-Mar-2018
SINGAPORE: Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market. Ride-hailing firms have raised billions of dollars to help compete in Southeast Asia where they have […]
Sanofi digs deep to buy US haemophilia group Bioverativ for $11.6 billion
- 22-Jan-2018
PARIS: French healthcare group Sanofi has agreed to buy US haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases. Sanofi shares fell 3.4 percent by 0920 GMT, making the stock the worst performer on France’s benchmark CAC-40 index and several […]
Erdogan says US can’t buy Turkish support on Jerusalem
- 21-Dec-2017
ISTANBUL: President Tayyip Erdogan told the United States on Thursday it could not buy Turkey’s support in a vote at the United Nations on Jerusalem, and said he hoped the world would teach Washington a lesson. “Mr. Trump, you cannot buy Turkey’s democratic will with your dollars”, Erdogan said after US President Donald Trump threatened […]
Disney to buy Fox film, TV businesses for $52 billion
- 14-Dec-2017
Walt Disney on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com. Under the terms of the all-stock deal, Disney acquires significant assets from Fox, including the studios that produced the blockbuster Marvel […]
Apple confirms deal to buy music discovery app Shazam
- 12-Dec-2017
SAN FRANSICO: Apple on Monday confirmed it had reached a deal to acquire Shazam Entertainment, the UK-based app that lets users identify songs by pointing a smart phone at the audio source. Apple did not give a price for the acquisition. Technology news website TechCrunch reported the deal on Friday with a price of as […]
Qatar signs $8-bn deal to buy 24 Typhoon fighters from UK
- 11-Dec-2017
DOHA: Qatar signed a multi-billion-dollar deal Sunday to buy 24 Typhoon fighters from Britain, its second major defence agreement this week, which comes during the worst political crisis in the region for years. The $8-billion (6.8-billion-euro) deal was signed in Doha by Qatar’s Defence Minister Khalid bin Mohammed al-Attiyah and his British counterpart, Gavin Williamson. […]
SoftBank offers to buy Uber shares at 30 percent discount
- 28-Nov-2017
SAN FRANCISCO: Japan’s SoftBank Group is offering to purchase shares of Uber Technologies at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday. The investment, which was approved by the Uber board in October, would also trigger a […]