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Arm Sets IPO Price at $51 a Share
Business

Arm Sets IPO Price at $51 a Share

British chip designer drops price after initially considering $52 a share. Source link

WWE, UFC Combined Company Makes Market Debut, Targets Demand for Sports
Business

WWE, UFC Combined Company Makes Market Debut, Targets Demand for Sports

TKO plans to pursue future acquisitions of sports-focused companies, the president of the new company says. Source link

$20 Billion Paper Powerhouse to Be Formed by Merger
Business

$20 Billion Paper Powerhouse to Be Formed by Merger

Smurfit Kappa and WestRock said they reached a tie-up agreement. Tony Smurfit will be CEO of the combined company. Source link

A Mall Owner’s About-Face: Bet on America’s High-End Malls
Business

A Mall Owner’s About-Face: Bet on America’s High-End Malls

Updated Sept. 12, 2023 12:16 am ET Listen to article (2 minutes) The European owner of Westfield malls is pulling back from its aggressive plan

Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
Business

Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition

The world’s richest man has more than once drummed up cash from his empire of companies without having to permanently part with shares. Source link

Apple Tests Limits for Most Expensive iPhones
Business

Apple Tests Limits for Most Expensive iPhones

The tech company is expected to raise prices by $100 on some premium models next week. Source link

J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion 
Business

J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion 

The healthcare giant’s separation of its consumer-health business arms it with billions in cash for allocating capital in the remaining businesses. Source link

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares
Business

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares

The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans have fallen through. Source link

Amgen's Deal for Horizon Therapeutics Clears Key Hurdle
Business

Amgen's Deal for Horizon Therapeutics Clears Key Hurdle

The Federal Trade Commission said it had agreed to end its legal challenge of the $27.8 billion deal. The pact also dismisses the antitrust claims