Nike enters Metaverse, acquiring collectibles studio RTFKT

Introduction On November 13th, 2021, Nike announced the acquisition of RTFKT, a creator-led organization producing digital artifacts, in particular sneakers, backed by NFTs. The deal would allow Nike to exploit the possibilities of the metaverse, leveraging RTFKT’s expertise and community. As announced by the CEO, this transaction serves Nike’s digital transformation objective, and it is the … Continue reading Nike enters Metaverse, acquiring collectibles studio RTFKT

Credit Agricole acquires Credito Valtellinese: a rising favourite in the NOrthern italian banking industry?

Introduction On 23/11/2020, Crédit Agricole Italia S.p.A. ("Crédit Agricole Italia") announced a voluntary public tender offer on all shares of Credito Valtellinese S.p.A. ("Creval") with a total deal value of €876.87m. The deal was closed on 21/04/2021. Crédit Agricole Italia offered a price of €10.50 in cash per Creval share which represents a 20.76% premium … Continue reading Credit Agricole acquires Credito Valtellinese: a rising favourite in the NOrthern italian banking industry?

Microsoft acquisition of Activision Blizzard

On January 19, 2022, Microsoft Corp. announced plans to acquire Activision Blizzard Inc, a leader in game development and interactive entertainment content publisher. The acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console, and cloud and will provide building blocks for the metaverse. Companies Overview Microsoft Microsoft Corporation is a technology … Continue reading Microsoft acquisition of Activision Blizzard

Novartis sells Roche stake for $20.7 billion

INTRODUCTION Novartis has agreed to sell 53.3 million (approximately 33%) Roche bearer shares in a bilateral transaction to Roche for a total consideration of USD 20.7 billion. Novartis has been a shareholder of Roche since May, 2001 and currently holds 53.3 million bearer shares of Roche’s common stock, representing approximately 33% of aggregate outstanding bearer … Continue reading Novartis sells Roche stake for $20.7 billion

Faurecia Acquires Hella in a €6.8 deal to form the world’s seventh-largest automotive supplier

Introduction On the 14th of August, Faurecia, a French-based automotive equipment supplier launched a tender for the acquisition of Hella, a German supplier specialized in the production of lighting and electronics automotive products in a €6.8bn deal. This combination is aimed at creating the 7th largest automotive supplier, well-positioned for new challenges such as electric … Continue reading Faurecia Acquires Hella in a €6.8 deal to form the world’s seventh-largest automotive supplier