• BMW and Daimler AG sign agreement to develop urban mobility services

    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.

  • Entrust Datacard acquires nCipher Security from Thales

    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 and Toyota merge housing businesses for smarter towns

    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.

  • Southeast Asian ride-hailing firm hits back in Uber takeover row

    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.

  • Uber buys Careem for $3.1 billion

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

  • US operators merge to accelerate 5G innovation

    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.