The decision is scheduled for April 25, and no assets must be divested to obtain approval. The merged company may need to provide additional measures to address concerns raised by parties other than Sony.
Broadcom to Receive EU Antitrust Warning on VMware Deal
Broadcom is set to receive an antitrust warning from the European Union regarding the anti-competitive impact of its $61 billion bid for VMware. The warning is expected to be issued in the coming weeks. The European Commission opened an investigation in December, stating that the deal would limit competition for hardware components that interoperate with VMware's software. Broadcom is expected to propose remedies only after receiving the charge sheet from the EU, and no asset sale is expected.
Pfizer in Talks to Acquire Seagen for Over $30B
Pfizer is exploring the possibility of acquiring Seagen in a deal exceeding $30 billion. The talks are in the early stages, and there is no guarantee the acquisition will occur. Any potential transaction would require regulatory review and approval due to antitrust concerns. Seagen shares jumped 10% following the news.
Apollo Global Management Explores Takeout of Arconic
Shares of Arconic jumped 19% after The Wall Street Journal reported that private equity firm Apollo Global Management is in talks to acquire the company. Arconic has also contacted other potential suitors, but there is no guarantee a deal will be made with them.
EQT to Acquire Radius Global Infrastructure for $3B
EQT Active Core Infrastructure fund and Public Sector Pension Investment Board announced they had agreed to acquire Radius Global Infrastructure for $15.00 per share in cash in a transaction valued at approximately $3 billion. Radius Global shares surged more than 24% this week.
OneSpan Explores Sale Options
OneSpan, which has become the target of activist hedge funds, is exploring options that include a sale of the company. The company is working with investment bank Evercore on a sale process that could attract interest from other companies and private equity firms.