Intel calls off $5.4 billion Tower deal after failing to obtain regulatory approvals
Wednesday, 16 August 2023 Intel will terminate a $5.4 billion deal to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid rising tensions with the United States. It was a mutual decision between Intel and Tower, the companies said Wednesday. Intel said that the deal was terminated “due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement.”
Intel Terminates $5.4 Billion , Tower Semiconductor Acquisition.
On Aug. 16, Intel announced that it will no longer be buying the Israeli chipmaker, CNBC reports. .
The deal was scrapped "due to the inability to obtain in a timely manner the regulatory approvals required under the merger...
Subway Ends Family-Owned Run, , Sells to Private Equity Firm.
CNN reports that Subway has ended a six-month
search for a buyer and will be sold to
private equity firm Roark Capital.
CNN reports..
Credit: Wibbitz Top Stories Duration: 01:31Published
Supreme Court Blocks , Purdue Pharma Bankruptcy Deal.
The Supreme Court paused the $6 billion opioid settlement on Aug. 10, CNN reports.
According to the Biden administration,
the "unprecedented"..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 16 August 2023
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