Exclusive: Cigna explores shedding Medicare Advantage business -sources

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights NEW YORK, Nov 6 (Reuters) – U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and … Read more

Western Digital to split flash memory business after Kioxia merger talks stall

Western Digital to split flash memory business after Kioxia merger talks stall

The logo of Western Digital Corporation is displayed at the company’s headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Western Digital (WDC.O) said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merging the … Read more

Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

The logo of Korean Airlines is seen on a B787-9 plane at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – South Korea’s biggest carrier, Korean Air Lines (003490.KS), will offer to sell Asiana Airlines’ (020560.KS) air cargo business and divest routes to … Read more

Exclusive: Natgas producer Chesapeake explores buying Southwestern Energy -sources

Exclusive: Natgas producer Chesapeake explores buying Southwestern Energy -sources

A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Oct 17 (Reuters) – U.S. natural gas producer Chesapeake Energy Corp (CHK.O) has approached Southwestern Energy (SWN.N), a peer valued by the stock market at … Read more

Microsoft closes $69 billion Activision deal after Britain’s nod

Microsoft closes $69 billion Activision deal after Britain’s nod

Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more

SPAC to return remaining $533 million raise for Trump social media deal

SPAC to return remaining $533 million raise for Trump social media deal

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Oct 12 (Reuters) – Digital World Acquisition Corp (DWAC.O), the SPAC that plans to merge with former U.S. … Read more

SPAC shell games will keep hiding the ball

SPAC shell games will keep hiding the ball

NEW YORK, Oct 5 (Reuters Breakingviews) – As blank-check deals go, it hardly could have been much worse than Better. The online mortgage lender led by Vishal Garg unveiled plans in May 2021 to go public at a nearly $8 billion valuation by way of a special-purpose acquisition company, exuberantly telling investors it expected to … Read more

Digital World investors vote for extension to finish deal with Trump media firm

Digital World investors vote for extension to finish deal with Trump media firm

Republican presidential candidate and former U.S. President Donald Trump speaks as he campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing Rights NEW YORK, Sept 5 (Reuters) – Investors in Digital World Acquisition (DWAC.O) (DWAC), the blank-check acquisition company that plans to merge with former … Read more

Microsoft, Activision to sell streaming rights to secure biggest video gaming deal

Microsoft, Activision to sell streaming rights to secure biggest video gaming deal

UK’s CMA says original $69 bln Microsoft purchase blocked Activision to divest streaming rights to Ubisoft Deal designed to enable Microsoft takeover to proceed LONDON, Aug 22 (Reuters) – “Call of Duty” maker Activision Blizzard (ATVI.O) will sell its streaming rights to Ubisoft Entertainment (UBIP.PA) in a fresh attempt to win approval from Britain’s anti-trust … Read more