Liana B Baker
Slack is said to be still planning to pursue a direct listing as opposed to a traditional IPO as early as the spring.
Logitech and Plantronics were hoping to successfully conclude negotiations this week, but Logitech’s board decided on Sunday to walk away from the potential deal.
Despite the hurdles presented by Khashoggi’s killing, PIF believes Legendary’s majority owner, China’s Dalian Wanda Group, will be open to a deal.
The transaction is by far IBM’s biggest acquisition as the firm seeks to diversify its technology hardware and consulting business into higher-margin products and services.
Zoom is aiming to be valued in the IPO at several billion dollars more than the $1 billion valuation it achieved in its most recent funding round in 2017, when it received $100 million from venture capital firm Sequoia.
Wanda paid $3.5 billion in early 2016 for Hollywood studio Legendary Entertainment, maker of “Pacific Rim” and “The Great Wall”.
The negotiations come as Cognizant seeks to expand its offerings to take on rivals Accenture and IBM.
The board expects to make a decision on whether to launch a formal review of Musk’s proposal in the coming days and is speaking to investment bankers about hiring financial advisers to assist it in its review in such scenario.
Meisheng Cultural’s unsuccessful acquisition attempt illustrates how some Chinese companies see opportunities in marrying their low-cost manufacturing base with U.S. retailers
The deal is the biggest acquisition for Cisco since its $3.7-billion purchase of AppDynamics last year.