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Xilinx Shares Surge on Reports of $30 Billion AMD Takeover
Xilinx Inc. shares surged the most in nearly a year Friday following a report from the Wall Street Journal that the San Jose-based tech group could be bought by its chipmaking rival Advanced Micro Devices. .
The Journal said the pair were in advanced merger talks that could value Xilinx at more than $30 billion, a 16% premium to the group’s closing price on Wall Street last night. Xilinx’s data-center chips have become much more valuable since the coronavirus pandemic triggered a surge in work-from-home dynamics that have pressured companies around the world to improve their technology and storage capabilities.
AMD, meanwhile, has seen its share price rise nearly 90% so far this year, taking its market value past $100 billion, a move that gives the chipmaker substantial firepower — despite a small net cash position of just
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Google first announced the Fitbit acquisition in November 2019. Reuters
- Google is expected to win EU approval for its $2.1 billion Fitbit deal after it addressed competition and data concerns, Reuters reported.
- The internet giant has promised it will not use Fitbit data to personalize adverts for 10 years, according to a Financial Times report.
- It will also ensure competitors can use its Android and Cloud platforms, according to people familiar with the matter.
- The EU opened a four-month long investigation into Google’s acquisition of Fitbit in August. The deal was first announced in November 2019.
- Visit Business Insider’s homepage for more stories.
Google’s $2.1 billion acquisition of wearables company Fitbit appears to have cleared a major hurdle.
It will be cleared by EU antitrust regulators after the tech giant agreed Tuesday to restrict how it uses customer data, according to multiple reports.
Google promised regulators
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Caesars Entertainment looks to be placing a big bet.
The U.S. casino operator says it’s in talks to buy UK bookmaker William Hill, in a deal valued at 3.7 billion dollars.
In a joint statement Monday (September 28) the pair said negotiations were at an advanced stage.
The pair already have a joint venture in the U.S., including William Hill outlets in casinos.
Now the new deal would give Caesars full control of that, up from the 20% stake it has now.
But there could be a rival player.
William Hill says it has also received a bid from buyout group Apollo Global Management.
Shares in the UK firm soared Friday (September 25) on reports of that bid.
But then fell right back to previous levels on Monday, suggesting investors are uncertain what price a deal could attract.
Meanwhile, Caesars is getting its stake together.
It’s raising new equity, and