Struggling high tech firm Blackberry has agreed to a three point five billion Euro buyout. The offer is coming from a consortium led by Canadian firm Fairfax Financial Holdings, already Blackberry's biggest shareholder.
In line with an announcement made earlier this month, Italy's troubled carrier Alitalia is starting a full-scale tender process in the hope of finding a suitable buyer. The airline filed for insolvency in May.
French oil giant Total has agreed to purchase AP Moller-Maersk’s oil unit in a deal that will strengthen its position in the North Sea. It is also a sign that the global oil-and-gas business is partially back on track.
Electronics giant Samsung has announced it's buying US auto tech company Harman. The move is intended to speed up the South Koreans' entry into the growing market for technology needed for connected cars.
German industrial giant Siemens reiterated plans to cut jobs in its power and gas business, despite an uptick in profits. Unions plan to protest in Munich, where the company's shareholders are meeting.
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