Category: Global Blogs

US: Dropbox takes on Apple competition with newest buyout (Competition Policy International)

Cloud storage firm Dropbox has reportedly inked an acquisition deal in efforts to compete with technology giant Apple and its competing service app iCloud Drive Internet.

according to reports, Dropbox will acquire web-based messenger Droptalk to allow Dropbox access to the messaging company’s communications tools that can integrate mobile conversations inside …read more

Saudi Arabia: Plans to create chemical behemoth put on hold (Competition Policy International)

Merger plans of two Saudi Arabian companies that would have resulted in the creation of a chemical firm with about $5.8 billion in market value have been put on hold, according to reports.

Shares for Saudi International Petrochemical and Sahara Petrochemicals sunk after the firms decided to delay their plans; in …read more

US: Food fight winner for Hillshire emerges (Competition Policy International)

Tyson Foods has reportedly won its bidding war with Pilgrim’s Pride to acquire processed meat company Hillshire Brands, reports say.

Tyson ultimately won the food fight with a bid of $8.55 billion, an offer announced Monday. The bidding concluded Sunday when Pilgrim’s announced it had withdrawn its $7.7 billion offer.

Pilgrim’s first …read more

UK: FCA overhauls annuities market study following reforms (Competition Policy International)

While the UK’s financial regulator, the Financial Conduct Authority, had planned a major inquiry into the annuities market, reports say the watchdog has rethought its market probe after government reforms took hold.

According to reports, the FCA sought to review the annuities industry, with plans for the market inquiry announced last …read more