As Intel INTC grapples with its faltering business, another chipmaker, Qualcomm QCOM, has reportedly taken an interest in acquiring some of Intel's design units. In a surprising twist, Reuters cited anonymous sources claiming that Qualcomm has been eyeing Intel's client PC unit for months. Howeve
In a recent turn of events, KKR, a prominent New York-based investment firm, has acquired Varsity Brands, a Texas-based provider of sports gear for students. This acquisition, reportedly valued at $4.75 billion, was made from two other private equity firms, Bain Capital and Charlesbank. This move
In a shocking turn of events, Seagram Co. heir and media mogul Edgar Bronfman Jr. has withdrawn from the high-stakes bidding war for Paramount Global. The announcement came after Bronfman's group, comprised of affluent investors, submitted a $6 billion proposal, challenging an earlier $8 billion-p
In a groundbreaking announcement, Zee Entertainment Enterprises Ltd and Sony's Culver Max Entertainment Pvt. Ltd, operating as Sony Pictures Networks India (SPNI), along with Sony group company Bangla Entertainment Pvt. Ltd, have reached a comprehensive settlement, effectively ending all disputes re
Get ready for some major movie magic as Skydance and Paramount join forces in a groundbreaking merger! After Edgar Bronfman Jr.'s withdrawal, the path is clear for this dynamic duo to take over Tinseltown. With Shari Redstone's National Amusements and Skydance founder David Ellison (son of software
Get ready for a massive upheaval in the bright and dazzling world of Hollywood! The much-awaited merger of the legendary Paramount and the mighty Skydance is back in the limelight after the withdrawal of Edgar Bronfman Jr.'s competing proposal. This colossal $28 billion partnership, anticipated to b
Cognizant Technology Solutions (NASDAQ:CTSH) has recently announced an update to its earnings guidance, reflecting the impact of its acquisition of Belcan, an engineering research and development services provider. The acquisition, which was completed for approximately $1.3B in cash and stock, has
