| | Business | Southeast Asia's biggest ride-hailing and food delivery firm, Grab Holdings, has agreed a merger with U.S.-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing. The merger is the biggest blank-check company deal ever.
Bitcoin hit a record of $62,741, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. The largest U.S. cryptocurrency exchange's listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates.
U.S. Senator Josh Hawley, a Republican who has been a staunch critic of Big Tech, says he has introduced a bill that would ban all mergers and acquisitions by any company with a market value greater $100 billion, a category that includes the five biggest U.S. tech companies.
Reuters News has named one of its top editors, Alessandra Galloni, as its next editor-in-chief, the first woman to lead the globe-spanning news agency in its 170-year history. A native of Rome, Galloni, 47, will replace Stephen J. Adler, who is retiring after leading the newsroom for the past decade.
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