Cisco Announces its Intent to Acquire Cloud Security Software Company Lightspin
Cisco Emerging Technologies & Incubation (ET&I) intends to bolster its cloud-native portfolio with Lightspin focused on end-to-end security and observability.
Mergers and Acquisitions
UBS brings back former chief to oversee Credit Suisse takeover
Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rivalThe Swiss bank UBS has announced the surprise return of Sergio Ermotti to oversee the takeover of its rival Credit Suisse, amid global concerns over…
UBS agrees takeover of stricken Credit Suisse for $3.25bn
Swiss government forces through takeover at well below market value amid fears of global banking crisisMillions paid in bonuses to UK SVB staff days after £1 rescueBank runs, bailouts, rescues: are the ghosts of 2008 rising again?The Swiss government h…
Watchdog fears healthcare tech merger could push up NHS costs
CMA gives UnitedHealth and EMIS five working days to tackle concerns over £1.2bn dealThe competition watchdog has warned that a proposed merger between two healthcare technology specialists would lead to higher costs and “worse outcomes for the NHS and…
Microsoft’s Activision Blizzard acquisition will harm UK gamers, says watchdog
CMA says Xbox maker’s takeover of Call of Duty and World of Warcraft owner could lead to higher pricesThe UK’s competition regulator has ruled that Microsoft’s $68.7bn (£59.6bn) deal to buy Activision Blizzard, the video game publisher behind hits incl…
Tesco buys Paperchase brand but not shops, with 800 jobs at risk
Stationery retailer collapses into administration after rising costs and disappointing salesTesco has bought the brand and intellectual property of Paperchase, after the struggling stationery retailer collapsed into administration. However, the deal do…
Aesop reported target in $2bn bidding war between French groups
LVMH, L’Oréal and Japan’s Shiseido Co said to be weighing up bids for Australian luxury beauty brandAesop, an Australian luxury cosmetics, shampoo and bodycare brand, is said to be at the centre of a $2bn (£1.6bn) bidding war between French multination…
Rupert Murdoch calls off proposed Fox-News Corp merger
Billionaire mogul says in letter that proposal to reunite companies he split up a decade ago ‘not optimal’ for shareholdersFox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp, in a deal that would …
Dignity funeral services firm targeted in first UK takeover bid of the year
Consortium spearheaded by Direct Line founder, Sir Peter Wood, have swooped for companyA consortium spearheaded by Direct Line founder Sir Peter Wood has swooped for the funeral services company Dignity in the first UK takeover attempt of the year.A su…