California-based Hewlett Packard Enterprise has been busy bolstering its portfolio to stay ahead in cloud computing, with even more acquisitions on the horizon.
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Hewlett Packard Sees Acquisitions As Integral to Growth
Amazon.com to acquire Whole Foods Market Inc
Amazon has announced it will acquire upmarket grocer, Whole Foods Market Inc, for $13.7 billion in a deal that includes the company's debt. Expected to close late 2017, the deal will not only be the largest in the online retailer’s history, but also a major step in expanding into bricks-and-mortar retail.
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Microsoft Continues to Look to Israel for Cyber Safety
American computing giant Microsoft continues to expand its acquisitions of Israeli-based software companies, with a reported $100 million deal for cybersecurity start-up Hexadite.
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A New Year sale for Kate Spade
Earlier this month, the Wall Street Journal reported that US-based handbag and apparel designer Kate Spade is considering a potential takeover bid. The news comes just a couple of months after a US hedge fund, Caerus Investors, urged the fashion house to consider a sale in light of the falling price of its stock when compared to its peer group.
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October hits record high for global M&A
In the last week of October alone, five multi-billion dollar deals contributed to an unprecedented month of mega deals for M&A. In particular, renewed confidence in the US economy has buoyed deal activity, despite the impending presidential election, with over half a trillion dollars’ worth of deals announced globally last month.
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