Nikola founder Trevor Milton sentenced to 4 years for fraud
Truck start-up’s market value fell sharply after report claimed investors had been misled
Electric vehicles
Nippon Steel/US Steel: Japan Inc must recall lessons of history
A foray into US dealmaking four decades ago raised the hackles of locals and proved financially disappointing
Mergers & Acquisitions
Intermarché and Auchan open talks on buying Casino stores
Indebted group rushes to shed lossmaking assets ahead of bailout led by Daniel Křetínský
Mergers & Acquisitions
South Korea’s Coupang to acquire online luxury retailer Farfetch
Deal provides lifeline for group founded by José Neves that had been seeking to avoid insolvency
Ecommerce, Luxury goods
UK landlord LondonMetric in talks to buy Alton Towers owner LXI
Deal would create a £6.4bn group as UK real estate trusts seek scale to weather the downturn
Mergers & Acquisitions
Telecoms: Iliad can bring Vodafone’s Italian epic to a happy ending
The deal would create a joint venture ranking as Italy’s largest mobile operator
Mergers & Acquisitions
Gatekeepers beware: the new US corporate transparency act could be a game-changer
Previously there were no regulations requiring lawyers and accountants to ‘know their customers’
Financial & markets regulation
Software AG sells data platform to IBM for €2.1bn
Deal comes just over six months after Silver Lake won bidding war for the German software group
Mergers & Acquisitions
Bank of England awaiting clarity on wage growth before interest rate cuts, says deputy governor
Ben Broadbent warns that inconsistent data has muddied picture for policymakers
Central banks
Adobe and Figma end proposed $20bn merger
Mutual decision comes after EU and UK regulators launched competition probes
Mergers & Acquisitions