News 

INTL FCStone Acquires CoinInvest & European Precious Metal Trading

“INTL FCStone operates one of the largest FX prime brokerages, whereas CoinInvest GmbH and European Precious Metal Trading GmbH are online providers of gold, silver, platinum and palladium products to financial advisors, private individuals and institutional investors” writes Celeste Skinner for financemagnates.com. The financial firm’s precious metals division provides its clients with trading capabilities and access to metals markets through its offices in London, Singapore, Shanghai and Dubai.INTL FCStone, a global brokerage and financial services firm, announced this Wednesday that its subsidiary INTL Netherlands B.V. has executed a sale and…

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Drugs maker Hikma back in black despite fierce competition

“Hikma has swung back into profit after putting the hefty costs associated with an acquisition two years ago behind it” writes Tim Wallace for telegraph.co.uk. The Jordanian generic drug maker made a $293m (£223m) pre-tax profit in 2018, compared to a $738m loss a year earlier, when it  booked a massive impairment charge and paid restructuring costs for its acquisition of Roxane Laboratories, now renamed West-Ward Columbus. Source: telegraph.co.uk

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Disney’s Acquisition of 21st Century Fox Set to Close Next Week

“Disney’s $71.3 billion acquisition of 21st Century Fox is set to close next week” writes Adam Bankhurst for ign.com. However, Comcast began a bidding war that raised the purchase price to $71.3 billion in cash and stock.As previously mentioned, the acquisition was originally announced in 2017 for a price of $52.4 billion.The acquisition involves most of Fox’s properties, including X-Men and the Simpsons, but does not include news, sports, broadcast channels or its studio lot. Source: ign.com

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News Stocks 

XPO Logistics fires COO, says it anticipates less M&A activity

“XPO Logistics stock fell 0.1% in after-hours trading” writes Tech Reporter for marketwatch.com. XPO, +7.90% said in a regulatory filing late Monday that it was terminating Chief Operating Officer Kenneth Wagers because it was no longer anticipating significant merger and acquisition needs.”We originally hired Kenny Wagers to work alongside our president, Troy Cooper, in anticipation of significant [merger and acquisition] activity,” an XPO Logistics spokesman said in a statement “Now that we’ve decided to do a large stock buyback instead, we’re returning to an executive lineup that makes the most…

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News Stocks 

Cannabis retailer Harvest Health makes $850 million all-stock acquisition

“HRVSF, +20.20% said Monday that it plans to buy rival cannabis company Verano Holdings LLC for $850 million in stock” writes Tech Reporter for marketwatch.com. Harvest Health trades on the Canadian Securities Exchange and over the counter in the U.S. and went public in November on the CSE. Harvest Health’s over the counter stock surged more than 12% in Monday trading.In a press release, Harvest Health said the acquisition cost was based on its share price of $C8.79 ($6.55) and that upon completion the deal it would operate 30 retail…

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Nvidia to make largest acquisition in its history with $6.9 billion deal for Mellanox

“Nvidia has developed its graphics chips into workhorses for machine learning, stacking them into data centers that offer artificial-intelligence power in the cloud” writes Jeremy C for marketwatch.com. Nvidia Corp. won a reported bidding war for high-performance-computing equipment maker Mellanox Technologies Ltd., announcing Monday morning that the two companies had agreed to a deal valued at nearly $7 billion.It is easily the largest acquisition in Nvidia’s two-decade-plus history as a public company; previously, Nvidia has never spent more than about $400 million in any given year on acquisitions, according to…

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Elizabeth Warren’s plan to break up tech giants would force Amazon to roll back its acquisition of Whole Foods

“A new plan to target America’s largest tech companies would roll back Amazon’s 2017 acquisition of Whole Foods” writes Kate Taylor for businessinsider.com. In addition to Amazon’s acquisition of Whole Foods, Warren highlights Amazon’s acquisition of Zappos, Facebook’s acquisitions of WhatsApp and Instagram, and Google’s acquisitions of Waze, Next, and DoubleClick as “anti-competitive mergers.”. Read more: Elizabeth Warren says she wants to break up big tech companies including Amazon, Google, and Facebook The plan would force the rollback of Amazon’s acquisition of Whole Foods, along with some other massive tech…

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IIROC approves acquisition of ITG Canada by Virtu Financial

“Virtu will supplement its existing management team by incorporating existing ITG management globally; namely Robert Boardman in Europe, Michael Corcoran in the Asia-Pacific region and Etienne Phaneuf in Canada” reports financefeeds.com. As part of this program, Virtu will host Client Information Security Forums, through which the Company will provide information regarding the CISP, receive input from interested clients regarding their information security needs and discuss industry best practices and standards.The announcement by IIROC is made several days after Virtu Financial announced the completion of its acquisition of Investment Technology Group, Inc.…

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The $6.5 billion acquisition that everyone hated a year ago was the only thing everyone loved about Salesforce’s latest quarter

“MuleSoft generated $181 million in total revenue, including $156 million in subscription and support revenue, during Salesforce’s fiscal fourth quarter” writes Finanzen Net Gmbh for businessinsider.com. Over the past year, MuleSoft generated $431 million in revenue.Read more: From an email to a $6.5 billion deal in 46 days: How Salesforce’s bid for MuleSoft came together In total, Salesforce generated $3.6 billion in revenue, 26% higher than this time last year. Source: businessinsider.com

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Crypto Futures News 

Crypto Futures Provider Volumes Increase 500 Percent After Acquisition by Kraken

“United Kingdom-based crypto exchange and futures provider Crypto Facilities has significantly increased its trading volumes after being acquired by crypto exchange Kraken, according to the information shared with Cointelegraph Tuesday, Mar. 5” writes Ana Berman for cointelegraph.com. The company obtained regulatory approval by the U.S. Commodity Futures Trading Commission for the launch of regulated trading in crypto markets.Cointelegraph spoke to Sui Chung, head of cryptocurrency pricing products at Crypto Facilities, according to whom the platform’s trading volumes have increased more than 500 percent.He confirmed that Crypto Facilities’ trading volume reached…

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