OLDWICK: As many as ten insurance companies became impaired in 2019, compared with three in 2018, including five affiliated life and annuity insurance companies related to a federal investigation into wire fraud and bribery, according to a new AM Best…
OSLO: PatientSky Group has entered into a conditional share purchase agreement for the acquisition of all the shares in Infodoc AS and Acino AS (jointly, “Infodoc”), a news release said. Infodoc, founded in 1979, is a leading e-health provider currently…
NUR-SULTAN, KAZAKHSTAN: JSC National Atomic Company “Kazatomprom” announced planned changes to the Company’s senior management team, subject to final internal and Board of Director approvals, as per corporate governance procedures. Chief Financial Officer (“CFO”) Meirzhan Yussupov has resigned from his…
LONDON: Tullow Oil plc announced that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a further $75 million when a Final Investment Decision is…
PHILADELPHIA: Entercom Communications Corp. has closed on the acquisition of sports data and iGaming affiliate platform QL Gaming Group (QLGG) in an all cash deal for approximately $32 million, a news release said. The acquisition brings unrivaled data, analytics and…
SAN JOSE: Adobe has entered into a definitive agreement to acquire Workfront, the leading work management platform for marketers, for $1.5 billion, subject to customary purchase price adjustments. With more than 3,000 customers and one million users, Workfront is the…
DALLAS: Zix Corporation has acquired privately-held CloudAlly Ltd., an industry leader in cloud-based data backup and recovery for business, a news release said. Founded in 2011, Israel based CloudAlly is a pioneer of enterprise-grade, software-as-a-service (SaaS) cloud backup and recovery…
KARACHI: State owned Pakistan LNG Limited (PLL) has invited bids for import of six liquefied nautral gas (LNG) cargoes of 140,000 cubic meters each to be delivered in January 2021. The country has ramped up spot LNG buying given the…
ATHENS: Hellenic Telecommunications Organization S.A. (OTE) has entered into an agreement to sell its 54% stake in Telekom Romania Communications S.A. (Fixed) to Orange Romania. The agreed consideration is €497m for 100%, corresponding to €268m for OTE’s stake, on a…
LONDON: Mirriad, the computer vision and AI-powered in-video advertising company, has announced the launch of the Music Alliance. Mirriad is partnering with globally renowned record labels and leading independent music companies such as Red Light Management, the largest independent music…
LONDON: Yü Group PLC, the independent supplier of gas, electricity and water to the UK business sector is delighted to announce the acquisition of the business customer book of a Midlands-based energy group. The customer book has been acquired from…
LONDON: Walker Greenbank announced that its Sanderson, Sanderson Home and Morris & Co brands have signed a licensing agreement with major retailer NEXT for an extensive range of clothing, homeware and accessories for an initial term of two and a…