M&A, Investment, and Securities

Google Announces Patent Cross-Licensing with Tencent

Google Announces Patent Cross-Licensing with Tencent

Earlier this week, Google announced that it will be entering into a patent cross-licensing agreement with Chinese tech giant Tencent which is estimated to be valued at $500 billion. The terms of the tie-in were not disclosed, but Google’s Head of Patents Mike Lee says that it is a long-term partnership where the two companies will be working on innovation for a broad range of products and technologies. Even though Google’s search service is still blocked in China, the company has recently increased its efforts in pursuing a number of projects in the country, including the creation of an AI […]


Uber Admits to Informing Softbank of Breach Before Going Public

Last Thursday, Uber revealed that it had told Softbank of the breach prior to disclosing it with the public. The Japanese company is currently in talks with the ride-hailing firm in a deal that would amount to as much as $10 billion, effectively buying out existing shareholders. Uber said in its statement that it had a duty to inform Softbank, which was a potential investor, even though the information they had at the time was still incomplete. Uber added that they only went public after completing the forensic investigation which gave them a more complete understanding of the facts.    […]

India’s SEBI to Probe Indian Companies for Prescient Financial Information

India’s SEBI to Probe Indian Companies for Prescient Financial Information

SEBI, India’s market regulator, is seeking trading data brought to light by a Reuters investigation involving several prescient messages on major Indian companies that were posted on WhatsApp groups. Prescient information such as quarterly results, net profits, revenues, and even bonus share issues were apparently being posted on WhatsApp groups exclusive to traders and market insiders. Some of the information were linked to companies which were part of the National Stock Exchange (NSE) index. India’s insider trading rules, which were updated in 2015, now cover unpublished price-sensitive information which could impact the market significantly. SEBI Chairman Ajay Tyagi confirmed that […]

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