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Amazon to be closing its acquisition of MGM, Daily Investment Information – March 16

Amazon is rumored to be closing its acquisition of MGM

Amazon (AMZN.US) may complete its acquisition of MGM (MGM.US) in a few days. The deadline for U.S. and European regulators to object to the acquisition is mid-March. In May 2021, Amazon announced that it would acquire MGM for $8.5 billion, saying that the acquisition would provide Amazon with a lot of content and attract more consumers to sign up for Prime members.

Lending platform Kredivo cancels $2.5 billion SPAC deal

VPC Impact Acquisition Holdings II said it and buy now pay later platform Kredivo have terminated a $2.5 billion bad-check deal due to unfavorable market conditions.

Consortium including Elliott in talks to buy Nielsen for $15 billion

A consortium of private equity firms including Elliott Management is in talks to buy TV rating firm Nielsen Holdings for about $15 billion, including debt. Fundraising discussions with a number of banks are progressing and the acquisition could be completed within weeks, the people said.

It is rumored that Beijing Infrastructure plans to acquire HollySys Automation for US$1.9 billion


Beijing Infrastructure, the state-owned operator of Beijing’s railways and subways, is considering a $1.9 billion acquisition of HollySys Automation. Beijing Infrastructure has held preliminary talks on the acquisition of Belize Automation, but the talks are still in the early stages. Last week, market news suggested that TFI Asset Management may acquire HollySys Automation. Hangzhou Hollysys was founded in 1993. It is an automation high-tech enterprise engaged in the independent development and manufacture of various advanced and reliable control systems and platforms and provides professional solutions for various industries. It has process automation, rail transit automation, nuclear power plants Business units such as digital instrumentation and control system, factory automation, control and drive, and informatization.

Indonesian tech giant GoTo plans to raise $1.26 billion in IPO

According to the “Wall Street Journal”, GoTo Group plans to conduct an initial public offering (IPO) in Indonesia, raising as much as 17.992 trillion rupiah (about 1.26 billion US dollars). The tech giant was formed last year from the merger of Southeast Asian startups Gojek and Tokopedia. The company, officially known as PT GoTo Gojek Tokopedia, said on Tuesday it would seek to sell no more than 52 billion shares at a price of 316 to 346 rupiah each, implying a market value of about $26 billion to $29 billion.

Sanyou Chemicals plans to spin off the silicon company and list it on the domestic stock exchange

Sanyou Chemical (600409.SH) announced that in order to expand and strengthen the new silicone material industry, it plans to spin off the silicon industry company and list it on the China domestic stock exchange. Silicon Industry Company’s organic silicon monomer production capacity is 200,000 tons/year, and the monomer production capacity under construction is 200,000 tons. After reaching production, the annual production capacity will reach 400,000 tons/year. Downstream products have gradually formed six categories with nearly 100 varieties, covering DMC, dimethyldichlorosilane hydrolyzate, 107 glue, 110 glue, high hydrogen-containing silicone oil, high-boiling silicone oil, electrical parts packaging glue, etc., which are widely used in aerospace Aviation, medical and health, construction, daily chemical and other important fields.

Angel Zhang

Editor in Chief of FirmKnow.

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