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Tech Cos Making M&A Deals Amid Pandemic

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This represents the fastest pace of acquisitions and strategic investments since 2015. billion deal for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Two years ago it was valued at $3.2 billion, FT reported. . Last month, Facebook closed a $5.7

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Gojek, Grab Renew Merger Talks With SoftBank’s Support

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Six months after merger talks stalled between two of Southeast Asia’s ride-hailing companies, Gojek and Grab Holdings have resumed negotiations, the Financial Times (FT) reported. Previous merger talks stalled, in part, due to opposition from SoftBank, according to FT. But Gojek has proved a resilient rival.

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Apple’s M&A Head Gets Direct Access To Cook With New Role

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Apple could be stepping up its acquisition strategy as it aims to move beyond the iPhone, elevating Adrian Perica to head up mergers and acquisitions. It is a step up for Perica, given Luca Meastri, Apple’s chief financial officer, had been in charge of mergers and acquisitions for Apple, the news outlet noted.

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France?s Fund Aims To Rescue Tech Startups From Takeovers

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Looking for a way to protect technology companies from becoming prey to foreign buyers, France has created a fund to bail out startups. Treasury Department to place a moratorium on mergers and acquisitions (M&As) during the COVID-19 crisis. In April, Sen. No action has been taken on the bill.

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Big Bank Bids Headed For Hill Hearings?

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Tech mergers have been in the crosshairs for lawmaker scrutiny – particularly over antitrust concerns. billion proposed merger between PNC and BBVA’s U.S. Separately, Senator Elizabeth Warren last month wrote a letter to the Department of Justice urging an examination and strengthening of bank merger review guidelines.

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Gojek, Grab Refute Merger Rumors

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Southeast Asia’s ride-hailing giants Gojek and Grab are holding discussions about a possible merger, The Information reported on Tuesday (Feb. A merger would create one of the world’s most highly valued startups, with Gojek valued at $9 billion and Grab valued at $14 billion. A merger between Grab and Gojek could make $16.7

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Indeed, WeWork’s recent troubles have shaken confidence in the tech startup funding environment. Venture Capital Funding. Cardlay, based in the U.K., Also in the U.K.,