Tag: ACQUISITION
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BT Group Implements Stricter Hybrid Working Policy
BT Group CEO Alison Kirkby is tightening the hybrid work policy, mandating office attendance for employees three days a week starting January. Current attendance levels average 1.7 days per week, prompting this policy shift as part of the company’s transformation strategy. Similar moves are underway at firms such as Deutsche Bank and Amazon to increase…
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Canadian Company Secures Ownership of Two Norwegian Mining Firms
Canadian company Blue Moon Metals will acquire 100% ownership of two North Norwegian mining companies, Nye Sulitjelma Gruver and Nussir, for a total of 67.3 million USD. This merger aims to leverage untapped copper mining potential in the region, promising job creation and financial benefits to the local community, while addressing financing and regulatory challenges…
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CULT Food Science Corp. Highlights Key Achievements in Cellular Agriculture and Lab-Grown Meat Innovation
CULT Food Science Corp., a leader in lab-grown meat and cellular agriculture, recognizes significant achievements of its portfolio companies: Opalia Foods, Melibio, California Cultured, and Jellatech. Recent milestones include industry awards, substantial investments, and facility expansions aimed at transforming food production and achieving sustainability. CULT Food Science Corp., identified by its stock symbols (CSE: CULT,…
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Booking Holdings Achieves Remarkable Growth in Alternative Accommodation Sector
Booking Holdings has experienced significant growth in its alternative accommodation segment, outpacing competitors like Airbnb. Its strategy of providing both hotel and alternative lodging options on one platform has resonated with consumers. The company reported a 14% increase in alternative accommodation room nights and achieved a net income of $2.5 billion in its most recent…
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Oura Secures $75 Million Investment and Partners with Dexcom for Metabolic Health Expansion
Oura has secured a $75 million Series D investment from Dexcom and announced a partnership to deepen its focus on metabolic health. This collaboration promises two-way data exchange between their respective applications, launching in early 2025. Oura’s CEO highlighted the growing interest among members to understand food’s impact on health, while Dexcom aims to broaden…
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MultiChoice Pursues $3 Billion Merger with Canal+ to Compete with U.S. Giants
MultiChoice is pursuing a $3 billion merger with Canal+, aiming to strengthen its competitive stance against U.S. streaming giants like Netflix and Amazon. This merger could unite nearly 50 million subscribers and enhance content offerings across Africa. CEO Calvo Mawela asserts that this partnership is crucial for leveraging scale and negotiating power in a growing…