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Taishin Financials Revised $7 Billion Offer for Shin Kong Financial Surpasses Previous Bids in Taiwan’s Biggest Financial Deal

The largest financial services merger in Taiwans history occurred due to Taishin Financial Holdings increase in its bid for Shin Kong Financial to T$2

The largest financial services merger in Taiwans history occurred due to Taishin Financial Holdings increase in its bid for Shin Kong Financial to T$222.4 billion $7 billion. Compared to CTBC Financials T$14.55 offer for a 51% holding, Shin Kong shares are now valued at T$14.18 apiece, a 25% rise from the prior offering. With its allshare agreement, Taishin hopes to strengthen its position and grow internationally by providing 0.672 ordinary and 0.175 preferred shares for every Shin Kong share. Shin Kong has stated that he prefers Taishin over CTBCs aggressive proposal. With assets of about T$8.3 trillion, the combined company would rank as Taiwans fourthbiggest financial institution with T$13.46 trillion, thanks to CTBCs proposal, it would become the largest. Read More..

B2B Tech News | 3 months ago        

OpenAI Seeks $11.5 Billion in New Funding to Reach $150 Billion Valuation

Aiming for a $150 billion value, OpenAI, the company behind ChatGPT, is reportedly in talks to obtain $6.5 billion in equity capital and an extra $5 b

Aiming for a $150 billion value, OpenAI, the company behind ChatGPT, is reportedly in talks to obtain $6.5 billion in equity capital and an extra $5 billion in debt. Compared to its prior tender offer valuation of $86 billion, this would represent a 74% rise. Thanks to its groundbreaking chatbot and significant support from Microsoft, OpenAI has risen quickly in the AI space. This fundraising round, which Thrive Capital purportedly leads, highlights this. With more and more wellknown businesses avoiding public markets out of fear of regulations and market volatility, this fresh financial injection will allow OpenAI to stay private for an extended period. The action demonstrates the increasing popularity of venture capital and private equity as IPO substitutes. Read More..

B2B Tech News | 3 months ago        

Indias Semiconductor Industry Takes Center Stage at SEMICON India 2024 with Major Global Exhibitors

With Prime Minister Narendra Modi presiding over the event, SEMICON India 2024, the regions most extensive semiconductor exhibition, began today at In

With Prime Minister Narendra Modi presiding over the event, SEMICON India 2024, the regions most extensive semiconductor exhibition, began today at India Exposition Mart Ltd. in Greater Noida. The event highlights Indias rising significance in the global semiconductor sector and is organised by SEMI, Messe München India, MeitY, India Semiconductor Mission ISM, and Digital India. Among the highlights is the introduction of SEMIs Workforce Development Program, which seeks to solve workforce shortages by collaborating with academic institutions to provide specialised programs. There are more than 250 exhibitors at SEMICON India, including wellknown international brands like Tata Electronics, Foxconn, and NXP. The event reaffirmed Indias goal to become a key participant in the semiconductor industry, highlighting developments in supply chain management, sustainability, and intelligent manufacturing. Read More..

B2B Tech News | 3 months ago        

IMF Reaches Preliminary $1.1 Billion Financial Assistance Agreement with Ukraine

An approximate $1.1 billion financial aid agreement was announced by the International Monetary Fund IMF with Ukraine. After difficult talks, the IMFs

An approximate $1.1 billion financial aid agreement was announced by the International Monetary Fund IMF with Ukraine. After difficult talks, the IMFs executive board expects this deal to be approved in the coming weeks. A larger international economic aid package for Ukraine, which is suffering greatly from Russias protracted aggression, must include the help of the IMF. Despite robust external funding and prudent policymaking supporting macroeconomic stability, Ukraines economy and infrastructure are severely damaged by the conflict, putting it at high risk. The IMF has recommended that Ukraine respect its financial limits, increase its internal revenue, and control its debt sustainability. Since the start of the battle, the nation has gotten almost $98 billion in financial help from the West. Read More..

B2B Tech News | 3 months ago        

JPMorgan Chase Hires Humberto GarciaSalas and Andrew Redmond as Managing Directors for MidCap Investment Banking

Andrew Redmond and Humberto GarciaSalas have been appointed managing directors of JPMorgan Chase & Co.s MidCap Investment Banking business. Former JPM

Andrew Redmond and Humberto GarciaSalas have been appointed managing directors of JPMorgan Chase & Co.s MidCap Investment Banking business. Former JPMorgan executive GarciaSalas comes from Greenhill & Co., while Redmond comes from Guggenheim Partners. Both will answer the question of the head of MidCap investment banking, John Richert. This action is a component of JPMorgans larger plan to fortify its investment banking division in the face of a thriving equities market and an entire pipeline of upcoming public listings. Additionally, JPMorgan appointed Andrew Martin and Andrew Castaldo to colead its midcap mergers and acquisitions division. In 2023, the bank assisted on over 200 midcap M&A deals and serves over 30,000 middlemarket customers. Read More..

B2B Tech News | 3 months ago        

ADNOC Prepares €14.4 Billion Bid to Acquire Covestro, Report Reveals

According to a Financial Times story, Abu Dhabi National Oil Company ADNOC is preparing to make an official bid of about 14.4 billion euros $15.90 bil

According to a Financial Times story, Abu Dhabi National Oil Company ADNOC is preparing to make an official bid of about 14.4 billion euros $15.90 billion to purchase Covestro. ADNOC has shown interest in the German chemicals manufacturer Covestro for more than a year. In June, ADNOCs 11.7 billion euro proposal, or 62 euros per share, prompted Covestro to allow indepth talks on its accounts. Covestro, a company that makes chemicals and polymers for a range of sectors, is taking a close look at the offer, but as of the time of inquiry, it has not responded to the most recent news. Read More..

B2B Tech News | 3 months ago        

Visa to Expand Digital Payment Acceptance in Pakistan Tenfold in Next Three Years

As per Leila Serhan, general manager of Visa for Pakistan, North Africa, and Levant, the company intends to enhance the count of firms that take digit

As per Leila Serhan, general manager of Visa for Pakistan, North Africa, and Levant, the company intends to enhance the count of firms that take digital payments in Pakistan tenfold during the following three years. With 1Link, Pakistans biggest payment service provider, this bold expansion is part of a strategic cooperation meant to boost digital transactions and remittances. Visa is concentrating on developing reasonably priced digital payment infrastructure and reaching out to smaller retailers outside big cities due to Pakistans high percentage of unbanked individuals only 60% of citizens have bank accounts. Further improving the nations ability to make digital payments, the agreement will also link 1Links PayPak cards with Visas Cybersource Platform. Read More..

B2B Tech News | 3 months ago        

AWS to Invest £8 Billion in UK Data Centers, Boosting GDP and Creating Over 14,000 Jobs

Amazon Web Services AWS has announced a substantial investment of £8 billion $10.45 billion over the next five years in the UK to grow its data centr

Amazon Web Services AWS has announced a substantial investment of £8 billion $10.45 billion over the next five years in the UK to grow its data centre operations. By 2028, this investment will generate over 14,000 jobs and add £14 billion to the UKs GDP. With this action, Amazons investment speed in the United Kingdom has accelerated significantly. Since 2022, the company has invested £3 billion in Manchester and London. AIdriven demand was cited by AWS managing director Tanuja Randery as a significant driver of the growth. British Finance Minister Rachel Reeves has welcomed the investment, and talks regarding more investments in other UK areas are still underway. Read More..

B2B Tech News | 3 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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