Page 15 - Does It Matter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 by the end of the month. Why Does It Matter: Achronix manufactures field-programmable gate array—...

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 over 1000 employees across LG’s locations in the U.S., South Korea, and China. Although the deal i...

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 QEP share. Diamondback is also buying all leasehold interests of oil exploration company Guidon Ope...

Why Does It Matter: The latest announcement comes as a change of stance on Twitter's 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 closed 1.11% higher at $54.63 on Thursday.