Private equity company Symphony Technology Group (STG) has reached an agreement to finalize their deal in order to acquire McAfee’s for 4.0 billion US dollars. With the acquisition the chipmaker AMD, is aiming to expand their product portfolio to include reprogrammable chips called field-programmable gate arrays or FPGAs that will be primarily used in a wide array of telecom, network, edge as well as industrial devices. regulators had already given their stamp of approval for the deal, there are certain facets that needed to be ironed out. This particular acquisition was also approved by the U.K.’s Competition and Markets Authority on June 29 th which was followed by an approval from European Commission on June 30 th. One year down the line, the deal appears to be on track in order for it to be completed by the end of this year. In 2020 chipmaking giant AMD had started conversations FPGA maker Xilinx in order to buy the company for 35 billion US dollars in an all-stock deal. “It is exciting to combine two historic brands under one roof and unlock more value and opportunity,” Zaslav said, adding that AT&T and Discovery ’s assets “are better and more valuable together.” With that said, the deal still requires regulatory approval and the entire process is expected to be completed sometime around the middle of the year 2022. As part of the process, the AT&T stockholders received stock representing 71 percent of the new company. When it comes to recent times, the AT&T-Discovery deal holds a potential value of $43 billion for AT&T in cash, debt as well as WarnerMedia’s retention of certain debt. Telecommunications giants AT&T and Verizon did make blockbuster acquisitions in the recent years with an aim towards expanding beyond their carrier businesses in order to become providers of digital content, media and advertising.
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"Stewart and his team has created a great platform in the enterprise software history”, said Marc Benioff, Chair and CEO, Salesforce. After the acquisition, Slack will be turned into an operating unit operating under Salesforce which is led by current Slack CEO Stewart Butterfield and his management team. Salesforce had originally confirmed that the Slack acquisition deal which is the largest in the company’s history, in December 2020. This is putting the cloud application giant on a direct path of competition with fellow industry giant and rival Microsoft and its Teams software. Industry leaders Salesforce have wrapped up their 27.7 billion US dollar acquisition of the collaboration vendor Slack on July 21 st.
“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Jensen Huang, who is the founder and CEO of NVIDIA.
regulators – the latter saying the proposed acquisition might intervene on national security grounds. With that said, the deal has come under scrutiny from chipmaking giant Qualcomm, IT giants Microsoft and Google, as well as U.K. Nvidia is aiming to completing the acquisition sometime early in the year 2022. In the later part of 2020, the GPU giant Nvidia announced a deal to acquire the British chip designer Arm in a 40 billion US dollar deal that came as a surprise for many in the IT industry. So, in this article, we will take a closer look at the Top 10 Mergers and Acquisitions of 2021. As 2021 is coming to an end, this is the best time, to look at some of these M&As and how it happened. These strategies include Mergers and Acquisitions (M&A) as well and especially in 2021, there has been many M&As that have surprised many in the corporate realm for various reasons. In these unprecedented times, businesses opt for unconventional business strategies to ensure their survival and sustained growth in the industry. In this situation, businesses have been looking at various options to survive the brunt of the adverse economic impact caused by the pandemic and to move forward. While, 2021 brought in a new ray of hope with the roll out of vaccines and lifting of many government restrictions for most businesses, the ending of the year seems similar to that of 2020 with more questions than answers. Over the last couple of years, things have been even harder for most businesses regardless of industry verticals owing to the covid19 pandemic and the resulting lockdowns and restrictions. Some businesses even fail to get a foothold in the industry which results in bankruptcy or shutting down of the company. Running a successful company in the present day ultra-competitive corporate realm is no cake walk and most business owners realize this lesson the hard way.
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