mergers-and-acquisitions
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Vodafone agrees to buy MasMovil’s portugal unit nowo
Date: October 3, 2022
MADRID (Reuters) – British telecom group Vodafone has agreed to buy Portuguese rival Nowo from Spanish operator MasMovil as part of an expansion plan in the country. Nowo is the fourth largest operator in Portugal with about 250,000 mobile phone clients and 140,000 clients for fixed telecom services, Vodafone said in a statement released on...
Cineplex makes approach for cineworld’s U.S. franchise, WSJ reports
Date: September 28, 2022
(Reuters) -Canadian cinema chain Cineplex has approached bankrupt rival Cineworld’s lenders for a potential merger with the British company’s U.S. unit Regal Entertainment, the Wall Street Journal reported on Wednesday. Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years...
T-Mobile sells wireline business to cogent for $1, expects hefty charge
Date: September 8, 2022
By Yuvraj Malik (Reuters) – T-Mobile US Inc is doubling down on 5G services after it struck a deal on Wednesday to sell its wireline business to Cogent Communications Holdings Inc for $1, while taking a $1 billion charge on the transaction. The deal includes a $700 million contract under which Cogent will provide transit...
Orban tightens hold over telco sector as vodafone sells hungarian unit
Date: August 22, 2022
LONDON/BUDAPEST (Reuters) – Britain’s Vodafone will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash to local IT company 4iG and the Hungarian state, consolidating the hold of Prime Minister Viktor Orban’s government over the telecoms sector. Orban, in power since 2010, has expanded his nationalist government’s influence in areas such as...
AppLovin offers to buy video game software maker unity in $17.5 billion deal
Date: August 9, 2022
By Nivedita Balu, Krystal Hu and Eva Mathews (Reuters) -Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity’s announced plan to acquire AppLovin’s smaller competitor ironSource. AppLovin has offered $58.85 for each Unity share, which represents a...
Cenovus to buy remaining 50% stake in toledo refinery from BP
Date: August 8, 2022
(Reuters) -Cenovus Energy Inc will buy the remaining 50% stake it does not already own in Ohio-based BP-Husky Toledo Refinery for $300 million from British energy firm BP PLC, the Canadian company said on Monday. The deal marks a continuation of BP’s reshaping of its North American oil and gas operations, as it tries to...