Tag: merger

BUSINESS

Western Union Seeks MoneyGram In Acquisition Bid?

According to press reports, Western Union is in an acquisition bid to takeover MoneyGram, but the deal is yet to be finalized. If the offer is successful, it will join two of the largest remittance firms in the world. Western Union brought in US$4.4 billion in revenue from its consumer-to-consumer segment in 2019, while MoneyGram recorded over US$1.1 billion in […]

BUSINESS

GlaxoSmithKline And Pfizer Combine To Offer Pain Relief Under One Roof

GlaxoSmithKline and Pfizer are merging to bring their healthcare divisions under one roof, thus creating a massive over-the-counter drug offer to customers. The combined deal will see annual sales of $12.7 billion. British-based Glaxo will own 68 percent of the joint venture, while U.S.-based Pfizer will hold the remaining 32 percent stake. The merger will bring together Glaxo’s brands such […]

BUSINESS Commerce

T-Mobile U.S. Inc. And Sprint Corp. Ink Deal

The newly announced deal between T-Mobile U.S. Inc. and Sprint Corp will make the third and fourth largest U.S. wireless carriers a more formidable competitor against Verizon Communications Inc and AT&T Inc. — the country’s number one and two wireless service providers. The breakthrough came after many years of back and forth between both companies. The deal is bound to […]

BUSINESS Commerce

T-Mobile/Sprint — Merger Fallout Gives Rise To New Suitors For Sprint

No deal! — that’s how merger talks between T-Mobile and Sprint ended. Shares of Sprint (S) and T-Mobile (TMUS) had already began tumbling in early last week after it was rumored that both companies were set on abandoning talks. However, this went beyond rumor when both companies issued a joint statement on Saturday, saying they “have ceased talks.” “While we […]