Page 8 - Does It Matter News Today

ACE Convergence Acquisition Corp (NASDAQ: ACEV), reports Bloomberg. What Happened: The blank check company has initiated talks with investors to raise capital for the acquisition, people familiar with the matter told the newswire. Reportedly, the enterprise valuation of the combined entity post-merger is estimated at $2 billion under the current discussions. Bloomberg noted that the talks could still fall apart or the terms could be changed. An official announcement on the matter could be made ...

Moderna Inc (NASDAQ: MRNA) announced a worker vaccination plan as an extra layer of COVID-19 protection for its employees in the United States on ...

Magna International Inc (NYSE: MGA), the two companies announced Monday. What Happened: The joint venture will manufacture automobile components like e-motors, inverters, onboard chargers, etc, and focus exclusively on the EV segment. According to Reuters, the joint venture, under the tentative name LG Magna e-Powertrain, could reach a valuation of approximately $1 billion. LG will control a 51% majority, and Magna will own the remaining 49% of the JV. Reportedly, the collaboration will house ...

QEP Resources Inc (NYSE: QEP), the company announced on Monday. What Happened: As a part of the $2.2 billion acquisition agreement, Diamondback will absorb QEP’s business along with the $1.6 billion debt that was outstanding on Sept. 30, 2020. The entire consideration of $2.2 billion will be paid in Diamondback’s stock. It will issue 0.05 Diamondback shares for each share of QEP. Based on Diamondback’s closing price on Friday last week, the deal puts an implied value of $2.29 for each...

Why Does It Matter: The latest announcement comes as a change of stance on Twitters part. The social media company had, earlier in May, said that the calls for labeling bot accounts "don’t capture the problem we’re trying to solve and the errors we could make to real people that need our service to make their voice heard." Twitter said at the time it found it more important to focus on "the holistic behavior of an account, not just whether it’s automated or not." Price Action: TWTR clos...

Senator Asks Netflix, Amazon, Others To Allow Free Access To Content During Holiday Season As A Public Service Benzinga 12/15/2020 © Provided by Benzinga Senator Angus King (I-Maine) is reaching out to leading streaming video-on-demand platforms with a plan he hopes would encourage Americans to stay indoors during the festive season. King has written letters asking the platforms to offer their content for free, albeit for a limited period of time. Popular Searches Amazon Inc’s (NASDAQ: ...

Engie SA (OTC: ENGIY)-backed electric vehicle charging company EVBox Group is merging with TPG Pace Beneficial Finance Corp (NYSE: TPGY), a TPG Capital-backed blank check company, to go public.

Auto electrification company Lightning eMotors will go public through a merger with the special purpose acquisition company GigCapital3 Inc (NYSE: GIK) under a definitive agreement announced Thursday.

Environmental impact research by the Global Carbon Project suggests that global carbon emissions from greenhouse gas could fall by 2.4 billion tonnes in 2020,

German telecommunications company Deutsche Telekom AG (OTC: DTEGY) and Microsoft Corporation (NASDAQ: