Japanese automakers Honda (HMC) and Nissan (NSANY) have ended merger negotiations that would have created the world’s third-largest vehicle manufacturer. The merger deal, which investment bankers speculated would have been worth $60 billion U.S. or more, was aimed at helping the two automotive companies achieve economies of scale. However, Honda and Nissan said they were not able to …
Read More »Honda and Nissan have ended their merger plans
Nissan and Honda have officially called off their plans to merge into a single automaker, less than two months after they confirmed the rumors that they were indeed looking to join forces. In an announcement, the companies said that they’d “agreed to terminate” the memorandum of understanding (MOU) they signed in December 2024. If they’d gone through with it and …
Read More »Honda-Nissan Merger Talks ‘Basically Over’: Source
Nissan’s board is in the process of abandoning merger talks with Honda and could be open to other partners, a source close to the matter told AFP on Thursday and local media reported. The discussions unravelled after Honda proposed to make its struggling rival a subsidiary instead of the plan announced in December to integrate under a new holding company. …
Read More »Nissan Shares Fall As Reports Say Honda Merger Talks Off
Nissan shares plunged on Wednesday as reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda. The Nikkei business daily and other local media earlier said Honda had proposed making Nissan its subsidiary, instead of the previous plan to integrate under a new holding company. “Strong opposition” within Nissan to this proposal was behind its …
Read More »UBS Profit Beats Forecast As Credit Suisse Merger Nears End
Swiss banking giant UBS said it remained on track to substantially wrap up its mega-merger with Credit Suisse by the end of 2026, after once again posting better-than-expected quarterly results on Tuesday. Switzerland’s biggest bank reported a net profit of $770 million for the fourth quarter of 2024, compared with a $279 million loss in the same period a year …
Read More »Frontier Airlines Again Proposes Merger With Rival Carrier Spirit
U.S. discount carrier Frontier Airlines (ULCC) is again proposing to merge with its rival Spirit Airlines (SAVE), which is currently involved in bankruptcy proceedings. Frontier and Spirit first announced a merger back in 2022, but another takeover bid from JetBlue Airways (JBLU) ended up scuttling that deal. Then, JetBlue’s acquisition of Spirit Airlines was blocked by a federal …
Read More »Perplexity AI revises merger proposal with TikTok, offers 50% equity to US government: Report
Aravind Srinivas’ Perplexity AI has revised its merger proposal with TikTok owner ByteDance to create a new joint company, Reuters reports. Under the new terms, the US government would be offered up to 50% of the new company in a future IPO at a valuation of at least $300 billion. What is Perplexity offering TikTok? Perplexity is reportedly proposing the …
Read More »Perplexity AI reportedly proposes merger with TikTok US. All you need to know
Artificial Intelligence backed search engine Perplexity AI has submitted a bid with TikTok parent company Bytedance to merge with TikTok US, according to a Reuters report. Reportedly, Perplexity AI would merge with TikTok US and create a new entity called New Capital Partners. The report states that the proposal put forward by Perplexity would allow most of the existing ByteDance …
Read More »Miners Glencore And Rio Tinto Discuss Potential Merger
According to multiple media reports, miners Glencore (GLNCY) and Rio Tinto (RIO) are holding discussions about a possible merger. Should a deal be reached, it would be the largest-ever merger in the global mining sector and create a massive company on the scale of industry leader BHP Group (BHP). Rio Tinto is currently the world’s second-largest miner, with …
Read More »Bitwise CEO Anticipates Merger Boom
A top executive of the largest cryptocurrency index fund firm expressed optimism about the impact on economic policies on the digital asset sector upon the official return of Donald Trump to the White House this month. Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights on how the Trump administration could transform the cryptocurrency industry. Deregulation Of M&As Horsley …
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