Tag Archives: billion

Can Tesla’s battery hit US$1-billion faster than the iPhone?


Telsa Motors Inc.\’s new type of big, stackable batteries for homes and businesses started with a bang. The reservations reported within the first week are valued at roughly US$800 million, according to numbers crunched by Bloomberg Business. If Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could compare well as one of the biggest ...

Read More »

Avago Technologies Ltd to pay US$37-billion for chipmaker Broadcom Corp in sector’s largest acquisition ever


Avago Technologies Ltd., a Singapore-based maker of semiconductors, decided to buy wireless chipmaker Broadcom Corp. for US$37 billion within the industry\’s biggest acquisition ever. Avago will pay US$17 billion of money and US$20 billion in stock in the transaction, the companies said in a statement. The sale values Broadcom at US$54.50 per be part of cash, in contrast to its ...

Read More »

Teck could raise $1 billion from silver stream sales to Silver Wheaton


Teck Resources Ltd. has stated that it could sell silver streams from the mines to increase liquidity. The company has been looking for copper acquisitions, which means this would be one method to help finance a deal. TD Securities analyst Greg Barnes estimated that Vancouver-based Teck could raise around $1 billion from streaming sales, if it so desired. He assumed ...

Read More »

Insurer Ace Ltd buying Chubb Corp in $28-billion deal that creates one of world’s largest insurers


WARREN, N.J. – Insurer Ace Ltd. is buying The Chubb Corp. for about $28.3 billion in cash and stock inside a deal and build one of the world\’s largest insurers. The deal, among the largest to date this year, will prove to add diversity to Ace\’s global business and give it a powerful brand name within the U.S., where Chubb ...

Read More »

Aetna Inc to buy Humana Inc for $37 billion in largest insurance deal ever


Health insurer Aetna Inc said it would buy smaller rival Humana Inc for around $37 billion in cash and stock, within the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc\’s No.2 insurer spot by membership, and would nearly triple Aetna\’s Medicare Advantage business. The deal will face antitrust scrutiny but when it ...

Read More »

The real impact US$18.7 billion in fines has on BP Plc


BP PLC earlier this week decided to pay an eye-popping US$18.7 billion to stay all U.S. state and federal claims which have resulted in the Deepwater Horizons oil spill in 2010, but the actual cost towards the energy giant is a reasonably bit less because of the time value of money. Fred Lucas, analyst at J.P. Morgan Cazenove, said the ...

Read More »

Celgene Corp to buy Receptos Inc for US$7.2 billion


Celgene Corp said it decided to buy Receptos Inc for about $7.2 billion to grow its pipeline with Receptos\’ immune-inflammatory bowel drug, Ozanimod. Celgene will pay US$232 in cash for each Receptos share, representing a 12 per cent premium to the company\’s closing price on Tuesday. Ozanimod is in late-stage trials for inflammatory bowel disease and ms. Related What Valeant\’s ...

Read More »

Anthem Inc to buy Cigna Corp in US$54.2-billion deal to create biggest U.S. health insurer


Anthem Inc said on Friday it might buy Cigna Corp in a deal valued at US$54.2 billion, allowing the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes three weeks after Aetna Inc decided to buy Humana Inc for US$37 billion and it is part of an industry-wide consolidation following ...

Read More »