Year: 2022

Unilever, maker of Dove soap and Ben & Jerry’s ice cream, said it won’t boost its $68 billion offer for GlaxoSmithKline’s consumer healthcare business, effectively ending its effort to buy the maker of Aquafresh toothpaste and Advil pain relievers.

With its $75 billion deal for Activision Blizzard, Microsoft aims to shake up the gaming industry by building out its library of blockbusters and bolstering its efforts to entice consumers onto its cloud-gaming service.

Sony Group’s shares fell nearly 13% in Tokyo on concerns about tough new competition for its videogame business from the newly announced combination of Microsoft and Activision Blizzard.

After the all-cash deal valued at about $75 billion closes, Activision CEO Bobby Kotick is expected to leave the videogame heavyweight that has been roiled by claims of workplace misconduct.

The $75 billion acquisition will have to navigate a regulatory environment that has become less friendly to deal making, especially in the tech sector.

The drug’s main component worked in three separate laboratory studies, a potentially encouraging sign as the Omicron strain spreads.

The drugmaker said that a network of little-known drug suppliers and distributors sold illicit and potentially dangerous fake versions of its HIV medicines that ended up in pharmacies and in the hands of patients.