mergers
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Google-Fitbit Merger Wins EU Approval, With a Few Conditions
Last year, Google announced it was going to acquire Fitbit for a whopping $US2.1 ($3) billion. Immediately, the news raised privacy concerns as Google is a tech giant with a lot of ad data on the cusp of absorbing another company with a hoard of health data. The deal itself has been under some intense scrutiny…
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Uber May Sign $3.1 Billion Deal To Buy Middle Eastern Rival Careem As Soon As Monday
In a move that goes against its recent trend of pulling out of foreign markets, ride-sharing giant Uber is preparing to purchase Dubai-based competitor Careem in a $4 billion deal, according to reports in Bloomberg and the Financial Times this weekend.
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Pepsi Plans To Buy SodaStream In $4.4 Billion Deal
PepsiCo will buy the Israel-based DIY soft drink company SodaStream in a deal worth $US3.2 billion ($4.4 billion). The move is widely seen as an effort by Pepsi to prop up its catalogue of “healthy” food and drink options as it continues to wage battle against longtime rival Coca-Cola. Both PepsiCo and Coca-Cola have invested…
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T-Mobile Stores Getting Slayed By AT&T Merger
An early victim of the AT&T/T-Mobile merger has turned out to be independent T-Mobile store owners. They’re already getting screwed by a merger that’s eventually going to be bad for everyone.