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Transactional
Onsemi Signs $7 Billion All-Stock Deal to Acquire Synaptics
Onsemi has signed a definitive agreement to acquire Synaptics in an all-stock transaction with an enterprise value of approximately $7 billion. Synaptics shareholders will receive 1.350 shares of onsemi common stock for each share they own, representing a 19% premium based on the companies’ volume-weighted average closing prices over the previous 10 trading days. Following the deal, Synaptics shareholders are expected to own approximately 12% of the combined company on a fully diluted basis...
Litigation
Google Exhausts Legal Options as EU Court Upholds $4.7B Fine
Europe’s top court delivered a final legal defeat to Google by upholding a 4.1 billion euro antitrust penalty over Android mobile operating system dominance, CNBC reported. The European Court of Justice dismissed the final appeal from Google and parent company Alphabet, ending a decade-long regulatory battle with no further avenue for legal recourse. Regulators originally issued the record-breaking penalty after finding that the technology firm used pre-installation agreements with smartphone manufacturers to suppress competition and give its own applications an unfair market advantage...
Policy
European Commission Moves to Subject Amazon and Microsoft Cloud Services to...
The European Commission has preliminarily concluded that Amazon Web Services and Microsoft Azure should fall under the European Union’s digital dominance rules, Politico reported. The decision would extend the Digital Markets Act into cloud infrastructure for the first time, targeting Europe’s €220 billion cloud computing market. Both companies have until December to argue against being designated as gatekeepers...
Features
Saudi Public Investment Fund Group Seeks EU Subsidy Clearance for $55...
An investor group including Saudi Arabia’s Public Investment Fund requested European Union subsidy approval for its $55 billion acquisition of video game developer Electronic Arts. According to a European Commission filing, the regulatory body set a July 30 deadline for its preliminary decision. The transaction marks a high-stakes test of the bloc's recent regulatory frameworks targeting non-EU capital entering the Western entertainment and technology sectors...




























