Category In The Spotlight

Microsoft's second-quarter fiscal report reveals a 49% increase in gaming revenue driven by its $69 billion acquisition of Activision Blizzard, contributing to Xbox's growth and surpassing Windows as the company's third-largest business, despite recent layoffs affecting its division.

Accenture's acquisition of Navisite strengthens its application and infrastructure managed services, enhancing its capacity to aid North American clients in modernizing their IT for the AI era with 1,500 personnel and deep expertise across various cloud providers and digital technologies.

Amazon and Roomba maker iRobot terminate their $1.4 billion merger due to European antitrust opposition, marking Amazon's first failed acquisition attempt, with concerns raised about marketplace favoritism and regulatory hurdles discouraging entrepreneurship.

MGen Renewable Energy Inc.(MGen) acquires controlling stake in SP New Energy Corp (SPNEC) for 15.9 billion, backed by Manila Electric Company, marking a pivotal shift in the renewable energy landscape with Manuel V. Pangilinan taking key roles and new board appointments underway.

GMR Airports Limited (GAL) has increased its stake in GMR Hyderabad International Airport (GHIAL) to 74% from 63%, following the acquisition of an 11% stake from Malaysia Airports Holdings Berhad (MAHB) Group, valued at nearly $100 million, as part of GMR Group's consolidation efforts, while the Telangana government and the Airports Authority of India will hold 13% stake each.

Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks, despite investor skepticism, is framed as an AI-driven synergy rather than solely a networking expansion, promising comprehensive solutions, contingent upon successful integration and regulatory approval.

Microsoft, post its acquisition of Activision Blizzard, announces the departure of 1,900 employees, including Activision Blizzard President Mike Ybarra, marking 8% of the gaming division, with CEO Phil Spencer acknowledging their contributions and signaling a streamlining effort after the $68.7 billion acquisition.

Zee Entertainment has taken legal action against Sony over the termination of their proposed merger, filing a case with the National Company Law Tribunal (NCLT) and contesting Sony's $90 million termination fee claim at the Singapore International Arbitration Centre (SIAC)

Walgreens Boots (NASDAQ:WBA) is currently exploring strategic options for its specialty pharmacy business, Shields Health Solutions, which it acquired three years ago. According to sources cited in a Bloomberg report, the business could be valued at $4 billion in a…

Bristol Myers Squibb has successfully concluded its acquisition of cancer drugmaker Mirati Therapeutics, impacting its 2024 adjusted earnings by approximately $0.35 per share, as part of the company's efforts to diversify its oncology portfolio.