News Highlights: Top Company News of the Day
Analog Devices in Talks to Buy Maxim Integrated for More Than $17 Billion
Semiconductor maker Analog Devices is in negotiations to buy
rival Maxim Integrated Products for more than $17 billion in what
would be one of the largest merger deals of the year, according to
people familiar with the matter.
MultiPlan to Go Public in Merger With Churchill Capital Entity
Health-care-services provider MultiPlan Inc. is merging with
Churchill Capital Corp. III, a special purpose acquisition company,
in an deal worth $11 billion, including debt.
Ubisoft Probes Harassment Allegations as Executives Step Down
The maker of the "Assassin's Creed" videogame franchise has
hired external firms to investigate allegations of misconduct and
abuse against a number of prominent male employees that have
surfaced on social media.
Hedge Fund Chatham Wins Bankruptcy Auction for McClatchy's Newspapers
The pending sale would end 163 years of family ownership for the
newspaper chain and increase financial investors' control of the
American publishing industry.
Target, MTV Blocked Ads From News Mentioning 'George Floyd' and 'Protests'
Terms related to protests were on "blocklists" companies use to
avoid ad placements in sensitive content.
ESPN Suspends Adrian Wojnarowski After Profane Email to U.S. Senator
Walt Disney's ESPN has suspended Adrian Wojnarowski, its top
scoopmonger on the inner workings of the National Basketball
Association, after it was revealed he used profane language in an
email to a U.S. senator.
Qualcomm Unit to Invest $97.1 Million in Reliance's Jio Platforms
Qualcomm Ventures plans to invest $97.1 million in Jio
Platforms, becoming the latest addition to the list of companies
seeking to invest in the Indian telecommunications giant.
Cinema Chain AMC Inks Financing Deal to Help It Survive Pandemic
AMC Entertainment has reached a deal with investors who will
pump $300 million of new money into the company, as the nation's
largest theater chain looks to fill seats with moviegoers still
wary of coronavirus pandemic.
U.S. National Security Panel Reviewing Chinese Investors' Purchase of Pharma Firm
The inquiry focuses on the 2017 acquisition of South
Carolina-based Ritedose after national-security officials learned
it was in talks with the Pentagon over a project involving
injection devices for a coronavirus vaccine.
Actis Locks In $2.9 Billion So Far for Latest Energy Fund
Actis has raised nearly $3 billion so far for its latest fund
dedicated to renewable-energy investments in emerging markets.
(END) Dow Jones Newswires
July 12, 2020 21:15 ET (01:15 GMT)
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