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Business

Trump-linked SPAC faces new pressure from investors as merger hangs in the balance

The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the company planning to take Trump Media and Technology Group public, is facing investor concerns about a potential failed merger with former President Donald Trump’s company. The Financial Times reported […]

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Finance

French TV merger collapses over competition concerns

The merger of France’s biggest broadcasters has collapsed over competition concerns, dealing a blow to efforts to consolidate Europe’s television market. Bouygues-owned TF1 and its smaller rival M6, controlled by the German media group Bertelsmann, retracted their application to merge on Friday after France’s competition authority raised far-reaching objections. To secure clearance, the companies were […]

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Business

Trump-linked SPAC adjourns meeting for three hours to continue vote on merger delay

This illustration photo shows Donald Trump’s new social media app Truth Social, glitching on a smartphone in Los Angeles, February 21, 2022. Chris Delmas | AFP | Getty Images Digital World Acquisition Corp., the SPAC aiming to take former President Donald Trump’s media company public, adjourned its shareholder meeting by another three hours to allow […]

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Business

Trump SPAC deal at risk as merger deadline approaches

Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called “TRUTH Social,” which is expected to begin its beta launch for “invited guests” next month. Chris Delmas | AFP | Getty Images The fate of the planned merger between former President Donald Trump’s media company and the […]

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Business

Shares of Trump-linked SPAC fall after merger extension vote reportedly fails

The former US President announced his intention to create a new social media platform after he was banned from Facebook and Twitter last year. Leon Neal | Getty Images Shares of Digital World Acquisition Corporation fell more than 15% Tuesday morning after it reportedly failed to get enough shareholder votes to extend the deadline for […]

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Finance

Illumina to challenge Brussels over any block on Grail merger

US biotech giant Illumina is set to appeal against a forthcoming decision from regulators in Brussels blocking its $8bn acquisition of cancer-screening start-up Grail, a ruling that would put the EU at odds with a favourable decision in the US. Illumina plans to take the EU to court on the grounds that the bloc’s regulators […]

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Business

Digital World Acquisition Corp urges shareholders to delay merger with Trump Media

Digital World Acquisition Corp., the special purpose acquisition company planning to take former President Donald Trump’s media firm public, scheduled a shareholder meeting Tuesday as it seeks to extend the deadline for the merger for as much as a year. Trump Media and Technology Group and the SPAC have faced increasing scrutiny in recent months. […]

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Business

Trump-linked SPAC’s stock falls as shareholders weigh delaying merger with ex-president’s media firm

The TRUTH Social website is seen on a mobile device with an image of former US president Donald Trump in the background in this photo illustration in Warsaw, Poland on 23 February, 2022. Nurphoto | Getty Images Digital World Acquisition Corporation, the company that plans to take Trump Media and Technology Group public, saw its […]

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Gaming

HBO Max is removing 36 shows ahead of Discovery+ merger | Engadget

The union of HBO Max and Discovery+ is already causing pain through layoffs, and now the move is affecting some shows. Warner Bros. Discovery has confirmed to Variety that it’s removing 36 titles from HBO Max as soon as this week while it prepares for the Discovery+ platform merger. Most of the productions aren’t huge, […]

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UK

Approval of the merger by the board of directors of Bank Norwegian ASA | MarketScreener

Reference is made to the stock exchange notice of 4 July 2022 where Bank Norwegian ASA (“Bank Norwegian”) announced that the Boards of Directors of Bank Norwegian and its Swedish parent, Nordax Bank AB (publ) (“Nordax”), had signed a joint merger plan for a cross-border parent-subsidiary merger. The merger plan was registered with the Norwegian […]