Tag Archives: Deal

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TCS Group announced on Friday that the sale of Tinkoff Bank to the tech giant Yandex has collapsed and the deal is now “terminated.” “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the potential transaction,” the company said, offering no further explanation. In a separate press release, Yandex confirmed that it is no longer buying Tinkoff Bank, saying that it failed to finalize terms with the bank’s main… Source link

Photographer: Alexander Zemlianichenko Jr./Bloomberg Photographer: Alexander Zemlianichenko Jr./Bloomberg Russian internet firm Yandex NV terminated talks to buy the country’s largest online lender TCS Group Holding PLC,… Source link

The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped after the bank’s billionaire founder Oleg Tinkov walked away from the negotiations. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously… Source link

By Stephen Nellis If Nvidia Corp buys Arm Ltd from SoftBank Group Corp, Arm will keep “firewalls” in place to ensure the data center chip company does not access confidential information from Arm’s customers or get early access to Arm’s products, a top Arm executive told Reuters on Tuesday. The $40 billion deal announced last month would reshape the global semiconductor sector because Arm has long acted as a neutral player, supplying intellectual property to Apple Inc., Qualcomm Inc and many… Source link

A visitor walks past a logo displayed in the reception area at the headquarters of Yandex NV in Moscow. Photographer: Alexander Zemlianichenko Jr./Bloomberg Photographer: Alexander Zemlianichenko Jr./Bloomberg Months after… Source link

As Microsoft and Walmart work together on a deal to buy TikTok’s U.S. business from China’s ByteDance, the giants each see fresh opportunities to expand into long-coveted markets — advertising in Microsoft’s case and e-commerce for Walmart. But both companies have decidedly mixed track records in these realms. By the numbers: Walmart currently makes less than 8% of its total revenue on e-commerce, despite pricey forays into the industry, like its $3.3 billion acquisition of the now-defunct… Source link

[unable to retrieve full-text content]Microsoft and Walmart look to boost ads, e-commerce with TikTok deal  Axios Source link

Yahoo Sports has agreed a deal to become an official marketing partner of the National Basketball Association (NBA), and will work with the league on a range of fantasy and sports betting initiatives. The agreement will see Yahoo will continue to operate the exclusive season-long fantasy game of the NBA, as well as create NBA-branded daily fantasy and sports betting integrations. The deal will also permit Yahoo Sports to deliver expanded NBA content across its platforms, including… Source link

Fitbit Charge 2 Heart Rate & Fitness Wristband. Source: Amazon Google’s $2.1 billion bid for fitness tracker maker Fitbit will face a full-scale EU antitrust investigation next week, people familiar with the matter said on Thursday. Alphabet unit Google this month offered not to use Fitbit’s health data to help it target ads in an attempt to address EU antitrust concerns. The opening of a full-scale investigation suggests that this is not sufficient. The deal, announced last November, would see… Source link