Takeda s latest sale brings its total divestment value up to about $12.9 billion. (Takeda)
After inking a slate of geography-specific product selloffs last year, Takeda has turned back to Japan.
Takeda locked up a deal to sell four Type 2 diabetes meds in Japan to local drugmaker Teijin Pharma for 133 billion Japanese yen ($1.2 billion), freeing up the company to focus on its core businesses in gastroenterology, rare diseases, plasma-derived therapies, oncology and neuroscience.
The move is the latest in Takeda s selloff spree, linked to a divesture goal it set alongside its Shire merger. The company has already exceeded its $10 billion target, but has shown no sign of slowing down, as it continued to shave off noncore products late into 2020 and early 2021.
M&A takes center stage at next WT Power Breakfast
Our next Washington Technology Power Breakfast on merger-and-acquisition trends is on for March 19 with a lineup of executives and seasoned industry analysts ready to share what the deal making says about the government market.
Proceedings will begin with us hearing directly from one of the architects of what arguably will be the biggest deal of 2021 the creation of New Peraton thanks to its completed acquisition of Northrop Grumman’s IT business and the pending purchase Perspecta.
Once the Perspecta deal closes, the Veritas Capital-backed Peraton will have vaulted itself from $1 billion in annual revenue to more $7 billion.
10 Things To Know About The Okta-Auth0 Deal And Stock Drop
The $6.5 billion Okta-Auth0 deal will help make Okta the identity standard across organizations by supporting more use cases that developers need, but investors are concerned about the steep purchase price and lower profitability outlook. By Michael Novinson March 04, 2021, 01:25 PM EST
Reshaping The Identity Market
Okta Wednesday announced the third-biggest acquisition in cybersecurity history, agreeing to scoop up Auth0 for a whopping $6.5 billion, more than triple the $1.92 billion valuation the Bellevue, Wash.-based identity star received in July 2020. In terms of size, the Okta-Auth0 deal trails only Broadcom’s $10.7 billion acquisition of Symantec in August 2019 and Intel’s $7.6 billion buy of McAfee in July 2010.
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