Merger

  • German car manufacturing colossuses BMW and Daimler AG have formally announced that they will merge their expertise and know-how to partner on the development of urban mobility services.

  • Acquisition extends the Entrust Datacard portfolio to include general purpose hardware security module offering that provides enhanced cloud, data security, compliance and payments capabilities.

  • Panasonic Corporation and Toyota Motors Corporation have joined forces to combine their expertise in the home appliance and mobility sectors along with IoT to create smarter homes and lifestyles for their customers.

  • Ride-hailing firm Grab insisted its takeover of Uber's businesses in Southeast Asia has not substantially eroded competition in Singapore after a threat from the city-state's anti-monopoly watchdog to reverse the deal.

  • Global ride-hailing giant Uber has joined forces with its Middle East competitor Careem and bought it for $1.3 billion.

  • As they say, the third time is a charm! T-Mobile and Sprint tell us they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share. Based on closing share prices on April 27, this represents a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company. The new company will have a strong closing balance sheet and a fully funded business plan with a strong foundation of secured investment grade debt at close.