Spanish bank BBVA continues to pursue its expansion strategy through the acquisition of the smaller competitor, Sabadell. The CEO of BBVA, Onur Genç, expressed confidence that the regulatory authorities will approve this acquisition in the coming weeks. However, the situation remains complex, and the regulators' decisions could significantly impact the future of both banking institutions and the financial market as a whole.
Recent developments in the food delivery and tech sectors have taken a significant turn. Uber Technologies Inc. has decided to terminate its acquisition of Delivery Hero SE's food delivery business, Foodpanda, in Taiwan. This decision came in response to the rejection of the deal by the island’s antitrust authority, impacting not only the companies involved but also their shareholders.
Recent news from the United Kingdom highlights a significant event in the tech and investment space: the antitrust authority has approved Microsoft Corp.'s $13 billion investment in OpenAI Inc. This decision marks the end of months of uncertainty surrounding the deal and could have far-reaching consequences for the artificial intelligence (AI) and cloud services industries.