INSPIRING AFRICA'S BUSINESS LEADERS TO INNOVATE BETTER, GROW FASTER AND DO MORE . . .
UNITED STATES – Google co-founders Larry Page and Sergey Brin are stepping aside as leaders of the Internet behemoth they founded 21 years ago, ending an extraordinary run that saw them build one of the world’s most valuable and influential companies. Reuters…
UNITED STATES – eBay Inc, American multinational e-commerce corporation will sell ticketing unit StubHub to ticket reseller Viagogo Ltd for US$4.05 billion in cash, the companies have said. The decision came nearly a year after the e-commerce major came under pressure from…
UNITED STATES – Blackstone Group Inc , one of the largest alternative invest firm in the world, has said that it will invest US$400 million in a joint venture with Swiss drug company Ferring that is working on an experimental gene therapy…
FRANCE – LVMH, a French multinational luxury goods conglomerate and owner of the Louis Vuitton brand has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet. The $135-per share cash deal will boost LVMH’s smallest business, the jewellery and…
UNITED STATES – Swiss multinational pharmaceutical company Novartis AG has revealed that it is buying U.S. biotechnology company The Medicines Co for about $9.7 billion even as it seeks to expand its portfolio of medicines against cardiovascular disease. Novartis is paying $85…
EGYPT— Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), has announced a commitment to provide US$430 million in insurance to support the development of natural gas infrastructure in Egypt. Boehler made the announcement during a signing ceremony…