Mergers and acquisitions

Amazon is shutting down a subsidiary that’s been selling fabrics for nearly 30 years. The closure of fabric.com is the online retailer’s latest cost-cutting move. Thursday is the last day customers can place an order on the site. It’s unclear how many employees will be impacted by the closure. An Amazon spokesperson says the company will work with staff to...

Arm is set to transfer shares in its China joint venture to a special purpose vehicle owned by parent company SoftBank, according to reports.

Credit Kudos develops software that uses consumers’ banking data to make more informed credit checks on loan applications.

Anaplan, viewed as a competitor to the likes of SAP, Oracle and Microsoft, was founded in a barn in Yorkshire, England in 2006.

Mandiant says its mission is to combat cyberattacks and protect companies from the latest threats.

Authentic Brands Group announced it has entered into a partnership to co-own and manage David Beckham’s global brand.

Didi is a politically charged company at the moment, having reportedly gone ahead with a U.S. listing despite concerns from regulators.

Dubai-listed investment bank Shuaa Capital is still in the final stages before its first SPAC can be listed, but the bank is already eager to launch more.

Shares of Japan’s SoftBank Group surged more than 5% on Wednesday after it announced a day earlier that it will seek a potential listing for its Arm unit.

The semiconductor giants issued a joint statement Tuesday saying the deal has been scrapped due to “significant regulatory challenges.”

Both carriers have expanded aggressively by offering no-frills service for ultralow airfares. Their executives vow to keep it that way after they merge.

Cowen & Co. analyst John Blackledge said a deal is unlikely for Peloton, given that the connected fitness company is still in the “early innings” of growth.

Sony cut its full-year sales target for the PlayStation 5 from from 14.8 million units to 11.5 million units as the global chip shortage has hit production.

FTX, which earlier this week announced it had raised $400 million at a $32 billion valuation, is expanding aggressively in the Asian crypto market.

Taiwan’s GlobalWafers will no longer buy Munich-headquartered rival Siltronic after policymakers in Germany failed to approve the deal in time.

Tech start-ups raised a record $621 billion in venture capital funding globally in 2021. Some investors fear the boom times may not last much longer.

Market volatility will lead cash-rich companies to be more opportunistic on mergers and acquisitions in 2022, including Johnson & Johnson, according to its CFO.

Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now it wants at least one seat on the retailer’s board.

Nvidia is “quietly” preparing to abandon its $40 billion acquisition of British chip designer Arm, Bloomberg News reports.

Kohl’s shares are soaring as the department store chain is fielding takeover offers from at least two suitors.