Name: Visa Cancels $5.3B Plaid Buy After DOJ Pushback
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Visa Cancels $5.3B Plaid Buy After DOJ Pushback

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ShareShareStarlink, the proposed satellite internet service from SpaceX, has received licensing approval from the UK's communications regulator, clearing the way for the venture to get into another major broadband market. An authorization for SpaceX's Starlink was granted in November, according to a statement from a spokesman at the UK Office of Communications (Ofcom). Going by local reports, Starlink has also received approval in other European countries including Greece, Germany, and Australia. The satellite internet service originates from the US where SpaceX is based and has begun tests in both the country and neighboring Canada. Starlink consists of a planned constellation of thousands of mass-produced small satellites in low Earth orbit that'll beam internet access to the Earth by working in combination with ground transceivers. Already, SpaceX has launched more than 950 Starlink satellites into orbit out of a planned constellation of 42,000 such satellites, for which it'sShareThe famed Microsoft founder Bill Gates has teamed up with the American private equity giant Blackstone in a bid to acquire Signature Aviation (LON:SIG), a British aviation services firm focused on business and private travel. Together, Blackstone and Gates' holding firm, Cascade Investment,  are bidding to take Signature private in a $4.3 billion deal. Already, Cascade is the biggest shareholder in publicly-traded Signature Aviation with a 20% stake. It's now looking to team up with Blackstone to buy out the company. As the deal is structured, Gates's Cascade would pony up additional cash to increase its stake in Signature to 30% while Blackstone buys the remaining 70%. Gates' Cascade Investments first invested in Signature (formerly BBA Aviation) back in 2009 and gradually built up its stake to 20% over time. Now its biggest shareholder, a partnership with Blackstone to buy out Signature seems to be the frontrunner deal even as other potential bidders may emerge (the pShareThe Chinese electric carmaker Nio has unveiled what is its first electric sedan, named ET7 . It represents the fourth flagship electric car unveiled by Nio and is expected to enter into production by 2022.  The Nio ET7 is based on the Nio ET Preview concept unveiled in 2019.  By look, the Nio ET7 is a sleek, premium-looking sedan. It has features including; A dual-motor all-wheel-drive powertrain Acceleration from 0 to 100 km/h (62 mph) in 3.9 seconds Hardware for autonomous driving - 11 8MP cameras, lidar sensors System output of 480 kW and 850 Nm of torque The ET7 will be available in two main options; a 70 kWh battery pack with over 500 km (311 miles) of NEDC range and a 100 kWh battery pack with over 700 km (435 miles) of NEDC range.  A bigger 150 kWh battery option with over 1,000 km (620 miles) of range is planned for later in the future, this option to be made possible with the use of solid-state cells in batteries, Nio claims. Nio has unveiled its fourth vehicle planned for pShareThe UK government has announced that it's launching a formal probe into the proposed $40 billion takeover of the British chip designer Arm Holdings by the American chipmaker Nvidia. The country's Competition and Market Authority (CMA) will begin a formal probe into the acquisition 'later this year', it says. Nvidia sealed a deal to acquire Arm from its owner, the Japanese tech conglomerate SoftBank, in September last year. It agreed to pay $40 billion, split into $12 billion in cash, $21.5 billion in stock, a $5 billion conditional earnout and an extra $1.5 billion in equity for Arm's employees. SoftBank paid $32 billion to buy Arm in 2016 and is apparently looking towards a significant return from its investment with the sale to Nvidia. The $40 billion price marks one of the biggest deals ever seen in the semiconductor industry. Now being probed by the UK, Nvidia could face major hiccups in its plan to takeover Arm given that it's a company based in the UK, whShareAchronix, a Santa Clara-based semiconductor company specializing in FPGA products, is the next target for a merger with a special-purpose acquisition company (SPAC), now in talks to merge with ACE Convergence Acquisition Corp in a $2 billion deal, Bloomberg reports . According to Bloomberg ,  Achronix and ACE are in advanced merger talks and could announce an agreement as soon as this month. As often seen, ACE is said to be in talks with investors to raise more money to fund a merger with Achronix. Achronix is a fabless semiconductor company that was founded in 2004 with technology licensed from Cornell University as its bedrock. The company specializes in producing field-programmable gate arrays (FPGAs), which are special types of chips unique for their function being able to be altered by software programs even after installation in a device. FPGAs can be found in everything ranging from video cameras to automobiles and airplanes. It represents a market estimated to be worth $10 biShareThe digital media company BuzzFeed has held merger talks with Supernova Partners Acquisition Co. (NYSE: SPNV), a special purpose acquisition company (SPAC) headed by Spencer Rascoff, according to a report from The Information . Rascoff  is a co-founder and former CEO of the popular real estate listings site Zillow The report corroborates a previous report from the Wall Street Journal that BuzzFeed was among a host of digital media companies exploring deals to go public through SPACs.  It now seems that digital media companies are looking to get into the SPAC frenzy that's been widely dominated by technology companies.  In December, Group Nine Media, a company that owns popular brands like NowThis and Thrillist , formed its own SPAC to raise up to $230 million from investors. Recently, another popular digital media company, Bustle Digital Group, was reported to be seeking a SPAC merger. BuzzFeed, the company, consists of the popular BuzzFeed.com property, BuzzFeed News, the foodShareBustle Digital Group (BDG), a digital media company that owns popular online publications including the women-focused Bustle and tech site The Outline , is exploring a merger with a special purpose acquisition company (SPAC) and has hired the investment bank Farvahar Partners to help it seek a deal, Reuters reports. Over the past year, the use of SPACs for mergers that'll see the merging company raise cash and become publicly-traded have become popular. Most of the companies merging with SPACs are usually technology companies, with only a few from the digital media sector. Now, Bustle Digital seems to be looking to be one of the few digital media companies that'll take the SPAC route and go public. Another of that kind is the digital media company Group Nine, which recently formed its own SPAC . Group Nine owns popular brands like Thrillist and NowThis . Bustle is led by Bryan Goldberg, a serial media entrepreneur who founded and sold a previous popular company, the sports siShareThe fintech company Social Finance "SoFi" has sealed a deal to go public through a merger with a special purpose acquisition company (SPAC), it announced on Thursday. SoFi will merge with Social Capital Hedosophia Holdings Corp. V, the fifth succession of SPACs launched by the venture capitalist Chamath Palihapitiya. SoFi's SPAC merger is expected to hand it over $2.4 billion in cash proceeds and value it at $8.65 billion at market debut. The $2.4 billion includes money held in trust by  Social Capital Hedosophia Holdings Corp. V and more money committed by other investors  including BlackRock, Altimeter Capital, Durable Capital Partners, and Baron Capital Group. SoFi is a fintech company that offers digital financial services including lending, investing, wealth management, and expense management. The company also operates a platform named Galileo that's built for banks and financial firms to connect with their digital users (SoFi paid $1.2 billion to buy Galileo lShareThe French pharmaceutical giant Sanofi has reached a definitive agreement to buy Kymab, a British immunotherapy firm, in a $1.45 billion deal split into an upfront payment of $1.1 billion and then $350 million in top-up payments contingent on meeting certain milestones. Kymab is a firm backed by investors including the Bill & Melinda Gates Foundation, Wellcome Trust, ORI Capital, and Hepalink.  The company has raised roughly $230 million in venture funding. Sanofi's acquisition marks a sweet deal for Kymab, which was looking at a public listing in the US before now getting bought out. With Kymab under its belt, Sanofi will get full global rights to KY1005, a monoclonal antibody developed by Kymab with the potential to treat varieties of immune-mediated diseases and inflammatory disorders. Along with KY1005, Kymab also has another monoclonal antibody treatment in its pipeline; KY1044, which is currently in early Phase 1/2 development. To that, the acquisition benefits Sanofi wShareAfter successfully producing a Covid-19 vaccine with a high efficacy rate,  Moderna has announced that it's kicked off new vaccine programs for three diseases: seasonal Flu, Nipah Virus, and the HIV virus.  The three new vaccine programs will be based on the relatively newer Messenger RNA (mRNA) system, which Moderna successfully harnessed to develop its Covid-19 vaccine.  In basic terms, mRNA is the molecule that essentially puts DNA instructions into action. Unline traditional vaccines that work by training the body to recognize and respond to the proteins produced by disease-causing organisms, mRNA vaccines work by tricking the body into producing some of the viral proteins itself, the proteins being solitary and not able to assemble to form a virus. The immune system then detects these viral proteins and begin to produce a defensive response to them. With a successful application on the coronavirus disease, Moderna is apparently looking to replicate that success on the seasonShare

ShareShareStarlink, the proposed satellite internet service from SpaceX, has received licensing approval from the UK's communications regulator, clearing the way for the venture to get into another major broadband market. An authorization for SpaceX's Starlink was granted in November, according to a statement from a spokesman at the UK Office of Communications (Ofcom). Going by local reports, Starlink has also received approval in other European countries including Greece, Germany, and Australia. The satellite internet service originates from the US where SpaceX is based and has begun tests...

Visa Cancels $5.3B Plaid Buy After DOJ Pushback

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