Allstate Corp. [NYSE: ALL] Scoops Up National General Holdings Corp. For $4 Billion

The Allstate Corp. [NYSE: ALL] has agreed to buy National General Holdings Corp. for about $4 billion in cash or $34.50 per shares. The deal is anticipated to close in early 2021. The acquisition increases personal lines premiums by $4.0 billion and market share by over 1 percentage point to 10%. National General offers a …

Allstate Corp. [NYSE: ALL] Scoops Up National General Holdings Corp. For $4 Billion Read More »

Alphabet Inc. [NASDAQ: GOOGL] And Deutsche Bank [NYSE: DB] To Join Forces To Transform Banking

Alphabet Inc. Google [NASDAQ: GOOGL] and Deutsche bank AG [NYSE: DB], a multinational investment bank both agreed to start a strategic partnership. The main aim of this partnership is to transform the banking services and redefine the concept of banking and provides financial services in different ways. The strategic partnership between Deutsche Bank and Google …

Alphabet Inc. [NASDAQ: GOOGL] And Deutsche Bank [NYSE: DB] To Join Forces To Transform Banking Read More »

Sunrun Inc. [NASDAQ: RUN] To Acquire Rival Vivint Solar Inc. [NYSE: VSLR]

Residential solar electricity provider Sunrun Inc. [NASDAQ: RUN] announced that they have decided to acquire the rival American solar energy company Vivint Solar Inc. [NYSE: VSLR] for about $3.2 billion including debt. Shareholders of Vivint Solar will gain 0.55 shares of Sunrun for each share held. Sunrun’s shareholders will own about 64% of the joint …

Sunrun Inc. [NASDAQ: RUN] To Acquire Rival Vivint Solar Inc. [NYSE: VSLR] Read More »

Uber Inc. [NYSE: UBER] Confirms Deal To Buy Postmates Inc. For $2.65 Billion

Uber Technologies Inc. [NYSE: UBER] confirmed its deal to acquire Postmates Inc. on Monday for $2.56 billion in stock. Earlier, the news that Uber has decided to acquire Postmates was circulating on the internet. Today Uber confirmed the news that it has struck deal with Postmates Inc. Like other transportation businesses, the ride hailing business …

Uber Inc. [NYSE: UBER] Confirms Deal To Buy Postmates Inc. For $2.65 Billion Read More »

Dominion Inc. [NYSE: D] And Duke [NYSE: DUK] Abandon $8 Billion Atlantic Coast Pipeline Project

Dominion Energy Inc. and Duke Energy Corp. annuounced that they have decided to cancel the $8 billion Atlantic Coast Pipeline project. Both the companies declared that the cost of project initially estimated at $4.5 to $5.0 billion but later its cost increased to $8 billion. Despite a favorable US Supreme Court ruling in June, the …

Dominion Inc. [NYSE: D] And Duke [NYSE: DUK] Abandon $8 Billion Atlantic Coast Pipeline Project Read More »

Sanofi [NASDAQ: SNY] And GlaxoSmithKline [NYSE: GSK] Plans To Close $500 Million UK COVID-19 Vaccine Deal

Sanofi [NASDAQ: SNY], a French pharmaceutical company and GlaxoSmithKline [NYSE: GSK], a British pharmaceutical company agreed to close a $500 million deal with Britain. According to the deal, Sanofi and GSK will supply 60 million doses of their coronavirus vaccine to the UK. Sourced disclosed that the UK was considering an option to buy the …

Sanofi [NASDAQ: SNY] And GlaxoSmithKline [NYSE: GSK] Plans To Close $500 Million UK COVID-19 Vaccine Deal Read More »

Gilead Sciences Inc. [NASDAQ: GILD] Shares Data Regarding HIV-1 Capsid Inhibitor Lenacapavir (GS-6207)

Gilead Sciences Inc. [NASDAQ: GILD] today released data from an ongoing phase 1 study of Lenacapavir (GS-6207). The supporting data disclosed that a novel inhibitor of HIV-1 capsid function, lenacapavir (GS-6207), maintained treatment for at least six months following a single 900 mg dose. The study disclosed that the Lenacapavir exhibited no negative effect. Lenacapavir …

Gilead Sciences Inc. [NASDAQ: GILD] Shares Data Regarding HIV-1 Capsid Inhibitor Lenacapavir (GS-6207) Read More »

Intel Capital, Investment Arm Of Intel Corp. [NASDAQ: INTC] To Buy 0.39% Stakes In Jio Platforms

Reliance Industries Limited and Jio Platforms Ltd have declared today Intel [NASDAQ: INTC] division Intel Capital will invest ₹ 1,894.50 crores in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Jio platforms has secured ($253 million) 18.95 billion rupees from Intel Corporation. Jio …

Intel Capital, Investment Arm Of Intel Corp. [NASDAQ: INTC] To Buy 0.39% Stakes In Jio Platforms Read More »

Alphabet Inc. [NASDAQ: GOOGL] And Temasek Plans To Invest In Tokopedia

Alphabet Inc. [NASDAQ: GOOGL] and Temasek Holdings Pte are in discussion regarding the $500 million-$1 billion funding in Indonesian e-commerce giant Tokopedia. Sources disclosed that Tokoepdia earlier engaged in talks with Amazon.com. Inc, Facebook Inc, and Microsoft Corp. But it seems like Google and Temasek have been more active in their discussion with Tokopedia. The …

Alphabet Inc. [NASDAQ: GOOGL] And Temasek Plans To Invest In Tokopedia Read More »