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Twitter shares to be suspended on NYSE as Musk nears takeover

Oct 27 (Reuters) – Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal to buy the social media company. Musk, the world’s richest person, visited Twitter’s headquarters in San Francisco …

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Elon Musk visits Twitter headquarters ahead of takeover deadline

Oct 26 (Reuters) – Billionaire Elon Musk said he paid a visit to Twitter Inc’s (TWTR.N) headquarters in San Francisco on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform. “Entering Twitter HQ – let that sink in!” said the caption of a video that Musk tweeted …

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US weighs security reviews for Musk deals, including Twitter buy – Bloomberg News

Oct 20 (Reuters) – Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc (TWTR.N) and SpaceX’s Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter. The SpaceX chief in recent times has taken to …

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Philip Morris sweetens buyout bid for Swedish Match to $15.8 bln

Oct 20 (Reuters) – Marlboro cigarettes-maker Philip Morris International Inc (PM.N) on Thursday raised its buyout offer for Swedish Match AB (SWMA.ST), just weeks before a deadline to get enough shareholder support for the $16 billion deal . Philip Morris raised its bid by more than 9% to 116 Swedish crowns per share, although it …

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Altria reaches $2.7 bln deal with Philip Morris to sell US IQOS rights

Oct 19 (Reuters) – Altria Group Inc said on Wednesday its unit has reached a $2.7 billion deal with Marlboro maker Philip Morris International Inc’s (PM.N) unit to sell the US commercialization rights for its IQOS heated tobacco products. Altria has received a $1 billion payment from Philip Morris and will receive an additional payment …

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Twitter locks staff stock accounts in anticipation of deal – Bloomberg News

Oct 18 (Reuters) – Twitter Inc (TWTR.N) has frozen equity award accounts for employees days ahead of the deadline to close its deal with Elon Musk, Bloomberg News reported on Tuesday, a sign that the social media firm hopes the deal will be completed. The report sent Twitter shares up 1.8% at $51.6, still lower …

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Credit Suisse places US asset management arm for sale – source

Oct 17 (Reuters) – Credit Suisse Group AG (CSGN.S) recently launched a process that could see its US asset management arm sold, a source familiar with the matter said on Monday, as the troubled Swiss bank seeks to reshape its business after multiple scandals. Initial expressions of interest from potential buyers are due in at …

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Kanye West agrees to buy social media app Parler

Oct 17 (Reuters) – American rapper Kanye West, who now goes by Ye, has agreed in principle to buy Parler, the social media platform popular among US conservatives, parent company Parlement Technologies said on Monday. Nashville-based Parler, which has raised about $56 million to date, said it expects the deal to close during the fourth …

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Goldman plans major overhaul, to combine investment banking and trading -WSJ

Oct 16 (Reuters) – Goldman Sachs (GS.N) is planning a major reorganization as part of which its storied investment banking and trading businesses will be combined, while consumer banking will be absorbed by its wealth unit, the Wall Street Journal reported on Sunday. The move comes as the Wall Street titan has sought to cut …

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Rupert Murdoch considers combining Fox, News Corp

Oct 14 (Reuters) – Rupert Murdoch has started a process that could reunite his media empire, News Corp (NWSA.O) and Fox Corp (FOXA.O) disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. Both have formed special committees to review proposals of a potential combination, they said. …

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