The UK CMA blocks Microsoft's $68.7B Activision acquisition, citing concerns about competition and innovation in the UK gaming market; Microsoft plans to appeal
The CMA has prevented Microsoft's proposed purchase of Activision over concerns the deal would alter the future …
Customs data: London-based Mykines shipped ~$1.2B of chips, servers, and other electronics into Russia, at least $982M of which are subject to export controls
including mobile phones, laptops, circuit boards and semiconductors — to Russia since February 2022. https://www.ft.com/... Richard Shearman / @dickshearman : Sanctions UK style: ‘...
Elon Musk says his Twitter deal is “temporarily on hold” till a review of “spam/fake accounts”, but is “still committed to acquisition”; stock closes down 9.67%
Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold … Source: @elonmusk and @elonmusk .
By tweeting that his Twitter deal is “on hold”, Musk yet again commits “lite securities fraud” while laying the groundwork to walk away or renegotiate the price
Musk's Deal On Hold Politique Republic : Elon Musk is Paying Too Much for Twitter Chandraveer Mathur / iPhone Hacks : Elon Musk Says the $44 Billion Twitter Deal Is ‘on Hold’ Owen ...
Elon Musk says his Twitter deal is “temporarily on hold” pending a review of “spam/fake accounts”, but he is “still committed to acquisition”; stock drops 5%+
Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold … Source: @elonmusk and @elonmusk .
Ericsson CEO says the company might have made payments to ISIS to gain access to transport routes in Iraq in 2018, causing shares to drop by over 8.5%
Ericsson may have made payments to the ISIS terror organization to gain access to certain transport routes in Iraq, in a shock admission following years of regulatory investigation...
Number of UK unicorns grew 10x in the last decade, with invested capital growing from €1B/year to €13B/year, but some worry Brexit will counteract the change
Financial Times : Tweets: @nathanbenaich , @danielthomasldn , @financialtimes , and @tbraithwaite Tweets: Nathan Benaich / @nathanbenaich : The environment for UK tech founders ha...
German payments group Wirecard says €1.9B cash is missing and that “spurious cash balances” might have been provided to its auditor by a third party
Financial Times :
Wirecard's CEO Markus Braun resigns over the missing €1.9B in cash; James Freis, chief compliance officer who joined company on Thursday, named as interim CEO
Markus Braun resigns as payment group's shares continue to collapse and investors threaten legal action
German payments group Wirecard says €1.9B cash is missing and that “spurious cash balances” might have been provided to its auditor by a third party
Shares of payments group crash as it says a third-party may have tried ‘to deceive’ its auditor
Sources: Uber and DoorDash held failed merger talks around six months ago at the behest of SoftBank to consolidate the food-delivery industry
Uber and DoorDash held talks to combine last year in a deal that would have accelerated the long-awaited consolidation of the lossmaking food delivery industry …