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Bayanat, Yahsat shareholders to vote on merger and creation of SPACE42 on April 25
ABU DHABI, UAE – Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular on Thursday calling for their General Assembly Meetings (GAMs) to be held simultaneously on April 25 2024. During the GAMs, respective shareholders of each entity will vote on the proposed merger of the...
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Reliance, Disney announce giant India media merger
The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent. "This is a landmark agreement that heralds a new era in the Indian entertainment industry," Ambani said. His wife, Nita Ambani, will serve as its chairperson. -
Sony ends merger deal with Zee
It pulled out of the US$10bn merger of its Indian operations. -
Sony to decide on Zee merger
The tie-up is aimed at helping both firms compete with streaming rivals. -
EU examines Microsoft large investment in OpenAI
Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a preliminary study of Microsoft's multi-billion-dollar investment in ChatGPT developer OpenAI to see if it could be a disguised merger. The early-level examination is "checking whether Microsoft's investment in OpenAI might... -
Warner Brothers Discovery explores merger
Warner Brothers Discovery brands include CNN and HBO. -
Bayanat, Yahsat to merge          Â
It will benefit from revenue synergies, economies of scale. -
Does Anghami and OSN+ collab make financial sense?
A first of its kind in the region, the combination will offer consumers digital services of the best and latest in premium movies, TV shows, music, podcasts. -
AD Ports Group Q2 net profit $84m
The Group posted 66% year-on-year revenue growth. -
Swiss Parliament to examine UBS’ Credit Suisse takeover
Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission of inquiry will be established to shed light on how the Swiss authorities rapidly stitched together the merger of the wealthy Alpine country's two biggest banks over a weekend in... -
PGA Tour-LIV Golf deal: A profit-driven game changer
US-based PGA Tour and Europe's DP World Tour have partnered with LIV's Saudi sponsors to form a new jointly-owned, profit-oriented entity, inviting mixed reactions from Golf world. -
Allen & Overy to merge with US peer
The merged firm will have a combined revenues of $3.4bn. -
Amanat acquires stake in Sukoon
Amanat will own 85 percent of the post-merger entity. -
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. Credit Suisse's chiefs fronted up at the bank's annual general meeting, 16 days after its... -
Telenor 2022 net profit at $4.5bn
Merger of its Malaysian subsidiary with a firm helped. -
GIS, DIG halt merger talks
The talks for the merger have not yielded a "common vision." -
KIPCO merges with QPIC
It will now trade on Boursa Kuwait under KPROJ. -
Emirates Steel Arkan Q3 net profit $28m
The net profit for the first nine months of 2022 was $104m. -
Mubadala Health, G42 to form new firm
Both companies will merge their healthcare businesses. -
Al Sagr, Gulf Union may merge
The two insurance firms will have discussions on the merger. -
Walaa to merge with SABB
The firm won the shareholders' approval for the merger. -
Valuations tank but it’s not yet doom and gloom
Some of the fear in markets is unjustified, at least for now. Many of the economic factors that propelled deal-making last year, namely interest rates, haven’t actually changed yet either. VCs, corporates, and others are still flush with cash, and they need to put their money to work, he adds. -
Amazon buys iRobot for $1.7bn
The deal reinforces its interest in robotics and automation. -
SAMA approves merger of SABB Takaful and Walaa Insurance
Saudi Central Bank has approved the merger of SABB Takaful with the rival insurer Walaa Insurance, following an agreement between the two groups in February. -
FAB completes Bank Audi Egypt merger
FAB's Egypt assets will operate under the new brand "FABMISR". -
Meta renews bid for Giphy
Britain's competition authority had stopped the FB-Giphy merger. -
JetBlue makes $3.6bn bid for Spirit Airlines, upstaging Frontier deal
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market. -
HDFC Bank of India to merge with parent, forming $237bn company
India's largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies said Monday, as low interest rates send demand for home loans soaring. -
Al Tamouh, Al Qudra merger okayed
International Holding Company has formally agreed to the merger. -
BuzzFeed to go public after raising less money than expected
American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected. -
Emaar Properties and Emaar Malls to merge this month
Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls will finally happen on November 21. -
Post merger, Emaar Properties and Emaar Malls form a single company
Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing. -
GCC insurance firms battle pandemic woes
It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since the outbreak of COVID-19 in the region. -
Emaar Properties and Emaar Malls get nod for merger
The proposed merger of Emaar Properties and Emaar Malls received a boost when the capital market regulator, Securities & Commodities Authority, gave the go-ahead for the merger of the two companies. -
UAE’s Operation $300bn eyes more M&As
The strategic merger between Arkan and Emirates Steel Industries highlights the focus of the UAE's new industrial initiative 'Operation $300bn.' -
Shareholders okay Arkan merger
Arkan will merge with Emirates Steel by the end of this year. -
Qatari investor in Deutsche Bank feels European banks should merge
*Sheikh Hamad feels it is the only way to take on US and Chinese globally *He is one of the German lender’s largest shareholders Qatari investor in Deutsche Bank AG, Sheikh Hamad bin Jassim bin Jabor Al Thani, has appealed to European financial services to merge in order to take... -
Post-merger Saudi fund to rival world’s biggest
The merger would reduce costs and help increase investment returns The merged entity now boasts of assets worth $250 billion In the wake of the merger of Saudi Arabia’s two biggest funds, the kingdom can now compete with the world’s largest insurance investors. The Saudi Cabinet last week approved the...