Intel CEO Patrick Gelsinger speaks prior to President Joe Biden’s remarks at Intel Ocotillo Campus on March 20, 2024 in Chandler, Arizona. Rebecca Noble | Getty Images Chipmaker Intel and the CHIPS and Science Act office are close to finalizing a deal which would award the company a roughly $8 billion grant, according to a … Read more
“We have obtained guarantees that Opella will remain and develop in France,” Armand said. “Our demands regarding employment, production and investment will be respected.” The takeover has proven highly controversial in France, with politicians from across the political spectrum warning it could threaten manufacturing jobs and thwart Europe’s push to secure its supply chains for critical … Read more
A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty Images Commerzbank and UniCredit began initial talks Friday, with the German bank on the defensive over a potential takeover after its Italian counterpart unexpectedly increased its stake earlier this month. The discussions, … Read more
Opinions expressed by Entrepreneur contributors are their own. Acquiring a business is no small feat. The complexity and scale of the process necessitate a deep understanding of various domains, from financial analysis to operational management. You’re not just buying assets; you’re inheriting a legacy, a brand, an employee base and an entire ecosystem that needs … Read more
Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the … Read more
Governments doing the right thing Signs are starting to emerge of policymakers moving in the right direction. Over the past year, there has been growing acceptance of the need to address the challenges facing the sector. Enrico Letta, former Italian prime minister, has called for the completion of the single market for telecoms, and asked … Read more
That has now drawn a furious response from the Hungarian consortium, Ganz-Mávag Europe, which confirmed Friday it would withdraw its bid for Spanish train-maker Talgo — while launching a withering attack and legal threats against the Spanish veto. Ganz-Mávag Europe, which is 55 percent owned by the Hungarian train manufacturing group Magyar Vagon and 45 … Read more
Banking analysts assess the possibility of a banking merger in Italy. Bloomberg | Bloomberg | Getty Images MILAN, Italy — European policymakers have longed for bigger banks across the continent. And Italy might be about to give them their wish with a bumper round of M&A, according to analysts. Years after a sovereign debt crisis … Read more
Sundar Pichai, CEO of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Justin Sullivan | Getty Images Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever acquisition, telling employees it would pursue an … Read more
“I think if the [European] Parliament got any idea that it was a political decision in order to help the president-elect to get the support of Italy, Parliament would be furious and that could cause gigantic problems for the president,” Vestager told a Thursday press conference. “I find it a bit difficult to understand how … Read more
