The telecoms giant British Telecom (BT) is preparing to defend itself against hostile takeovers from market competitors and private equity firms after its share price plunged by 48% this year.
Morrisons and Amazon have announced a new supply agreement which will make Morrisons’ products available to Amazon Prime Now and Amazon Pantry customers.
On 13 August 2020, Thomson Reuters announced its acquisition of CaseLines, a cloud-based platform which enables the digital sharing of court documents and evidence, following its success in facilitating virtual hearings during the COVID-19 pandemic.
On 19 August 2020, American holiday rental marketplace Airbnb filed papers for its long-awaited Initial Public Offering (IPO). However, the decision to launch IPO proceedings comes as a surprise to analysts after Airbnb cut 25% of its workforce in May in light of the Covid-19 pandemic.
Twitter has been in talks with ByteDance, the Chinese owner of TikTok, to express an interest in purchasing the US operations of the video-sharing platform.
Apple has reportedly acquired Canadian SoftPOS company Mobeewave in a deal which could see iPhones turned into contactless payment terminals.
Microsoft is exploring buying TikTok, the social media app, following President Trump’s announcement that he will ban the app if an American firm does not buy it.
Private equity firm Blackstone has agreed to acquire a 75% stake in genealogy provider Ancestry.com for $4.7bn. It is a big bet on family history tracing and personalised medicine.
Top tier motor racing titan Formula 1 (F1) is partnering up with American video conferencing platform Zoom, to recreate its corporate hospitality experience, known as the Paddock Club.
Google’s plans to acquire fitness tracker company Fitbit have come under the scrutiny of regulators.