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Pfizer set to acquire Seagen
The drugmaker will complete its US$43bn buyout this week.
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Bristol Myers to buy Mirati
The US firm will pay US$4.8bn to acquire cancer drugmaker. -
HSBC buys UK arm of SVB
In a rescue deal, it bought SVB for a nominal price of $1.2. -
Elon Musk says “excited” about taking over Twitter
Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited" about taking over Twitter. The social media giant had filed a lawsuit to hold Musk to the terms of the deal he inked in April after the Tesla chief said... -
TAQA to buy AlMansoori
The Saudi firm will buy UAE company for an unknown sum. -
Aramco to complete $2.65bn buyout of Valvoline in 2023
Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s downstream senior vice president, told media that the oil giant will complete the buyout of Valvoline in early 2023. -
Solutions by stc to buy Giza
The 89.49% stake in Giza Systems will cost it $158m. -
Mubadala to buy Canada Cartage
Canada Cartage provides national fleet solutions. -
Elon Musk accuses Twitter of fraud as court battle heats up
The court battle between Elon Musk and Twitter heats up as the billionaire Tesla boss accuses it of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout. The entrepreneur said he has been deceived by the company. -
Twitter takes a dig at Elon Musk for bad results
Twitter blamed disappointing results Friday on "headwinds," including the uncertainty imposed on the company by Elon Musk's chaotic buyout bid. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, leaving the... -
Prince Alwaleed bin Talal now sees Musk as ‘excellent leader’ for Twitter
Saudi investor Prince Alwaleed bin Talal, who initially spurned Elon Musk’s bid for Twitter, agreed to roll his $1.89 billion stake into the deal rather than cashing out, saying Tesla chief will be an "excellent leader" for the social media company. On April 14, Alwaleed opposed Musk’s buyout bid saying... -
Alwaleed blinks as Musk buys Twitter
Prince Alwaleed is one of the wealthiest businessmen in the Middle East, but Elon Musk is the richest person in the world. -
Twitter and analysts are wary of takeover bid by Elon Musk
Earlier this month, Elon Musk made an unsolicited bid of $43 million for Twitter, citing better freedom of speech as a motivation. -
Twitter throttles Musk bid
It is to ensure that he doesn’t get a controlling stake in Twitter. -
Alturki Holding oil arm buys out US drilling firm Newsco for undisclosed sum
Alturki Holding oil arm, the Saudi Sawafi company, has bought out Newsco, the US drilling services company, for an undisclosed sum of money. -
Blackstone looks to buyout Dubai-based VFS Global for $1.2bn
Blackstone, the US-based alternative investment management company, is in discussion with VFS Global, the Dubai-based visa outsourcing company, to buy it out for $1.2 billion. -
Aramex likely to buy out Turkish MNG Kargo for $500m
Aramex, the Dubai-listed courier agency, is in talks with MNG Kargo, the Turkish delivery company, to buy it completely for close to $500 million. -
Dubai’s Alcazar bought out for $500m by China
Dubai’s Alcazar Energy Partners, a wind and solar developer, has been bought out by the state-owned Chinese company Three Gorges South Asia Investment Ltd. for $500 million.