Major Moves in Telecom, Biotech, and Defense: A Global Business Update
Top financial stories include CK Hutchison discussing selling Three Ireland to Liberty Global, GSK acquiring Rapt Therapeutics for $2.2 billion, and Renault partnering with Turgis Gaillard to produce drones for Ukraine. Additionally, The Independent is close to taking over The Standard’s operations.
Top financial headlines include major corporate maneuvers that could reshape telecommunications, biotech, and defense industries globally. CK Hutchison is negotiating the sale of Three Ireland to Liberty Global as it continues to divest European telecom assets.
In the biotech sphere, GSK has struck a deal to acquire Rapt Therapeutics for $2.2 billion. The American firm is known for its groundbreaking work on food allergy treatments.
Meanwhile, Renault is set to collaborate with French defense group Turgis Gaillard to manufacture drones for Ukraine, a move backed by France's defense ministry. Finally, the UK's Independent Media Group is in advanced talks to manage the digital and commercial operations of London's struggling newspaper, The Standard.
(With inputs from agencies.)
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