Getty Images terminates merger agreement with Shutterstock
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Getty Images announces cancellation of merger plans with Shutterstock
Getty Images said Tuesday it has cancelled its merger plans with Shutterstock because the UK competition regulator required the sale of Shutterstock's editorial business as a condition for approving the deal. The two largest companies in the licensed visual content industry announced the deal in January, aiming to create a $3.7 billion inventory image giant for the age of artificial intelligence. (Sina Finance)
Broadcom shares rose more than 4% in pre-market trading after the company extended its technology collaboration with Apple to 2031 through a new multi-year agreement.
According to BlockBeats, on July 6th, citing SEC filings, Broadcom (AVGO.O) and Apple (AAPL.O) have extended their technology collaboration to 2031 through a new multi-year agreement. Broadcom will develop and supply a range of custom ASIC silicon products for use in the manufacture of multiple generations of Apple products. Possibly influenced by this positive news, Broadcom's US-listed shares rose in pre-market trading, currently up over 4%.
This week, 10 new companies completed their domestic IPO preparatory filings, with the semiconductor sector accounting for three of them.
Mars Finance reported on July 5th that, according to information disclosed on the China Securities Regulatory Commission (CSRC) website, 10 new companies received domestic IPO guidance filings this week (June 29th to July 5th). These companies are Zhejiang Deste New Materials, Qingdao Haisenlin Hair Products, Jiangsu Jingying New Materials, Wuxi Kenuowei New Energy, Jiangsu Yingneng Microelectronics, Zhejiang Yitaino Technology, Shengdake Semiconductor Technology (Shanghai), Nanjing Liancheng Technology, Sichuan Aidiweixin Biopharmaceutical, and Zheta Information Group. Three of these companies are in the semiconductor field. Shengdake Semiconductor is a semiconductor testing equipment manufacturer, backed by Hillhouse Capital and SMIC Capital. It previously signed a guidance agreement in 2022 but did not submit its application materials; this time it has restarted the process. Zheta Information is targeting domestic substitution of semiconductor CIM systems, while Yingneng Microelectronics focuses on power and analog ICs; both are first-time applicants. Four other companies are also applying for IPOs for the first time. Jingying New Materials mainly produces N-methylaniline, a core raw material for gasoline antiknock agents; Kenuowei focuses on new energy thermal management and components; Yitainuo is a national-level specialized and innovative "little giant" in the field of industrial automation pneumatic components; and Liancheng Technology is a provider of centralized network security management technology. The other three companies all have previous unsuccessful IPO experiences. PVB membrane manufacturer Deste applied for listing on the ChiNext/STAR Market three times in 2019, 2020, and 2023 without success; wig supplier Haisenlin terminated its IPO guidance twice, in 2023 and 2025; and vaccine R&D manufacturer Advaccine submitted its application for listing on the Hong Kong Stock Exchange's main board in April 2021, but has not yet made progress. (Science and Technology Treasure Broadcast) (Consumer Research Institute)
Will China Resources New Energy complete its merger and reorganization to jointly pursue a Shenzhen Stock Exchange listing? China Government-Enterprise Cooperation Fund responds.
Mars Finance reported on July 8th that China Government-Enterprise Cooperation Investment Fund Co., Ltd. (hereinafter referred to as "China Government-Enterprise Cooperation Fund") recently issued a statement saying that the company has noticed a false report circulating online titled "China Resources New Energy Holdings Co., Ltd. and China Government-Enterprise Cooperation Investment Fund Co., Ltd. Complete Merger and Acquisition to Jointly Pursue Listing on the Shenzhen Stock Exchange." The report is entirely false information and seriously contradicts the company's actual situation. According to China Government-Enterprise Cooperation Fund, since its establishment, all of its business activities have strictly complied with national laws, regulations, and regulatory requirements, and it has never conducted or authorized any entity to conduct any activities mentioned in the aforementioned false report. The company is not currently planning any mergers and acquisitions, restructuring, listing applications, or other capital operations, nor has it formulated any corresponding implementation plans. China Government-Enterprise Cooperation Fund also stated that it reserves the right to pursue legal action against any entity that forges or alters the company's seals, business licenses, or authorization documents, or impersonates the company or its employees to release false information, engage in fraud, or commit any other illegal acts that infringe upon the company's legitimate rights and interests. (Wide Angle Observation)
Iran condemns the United States and its allies for violating the interim agreement.
According to Mars Finance, on July 8, the Iranian Foreign Ministry stated that violations of Iran's arrangements in the Strait of Hormuz and Israel's continued attacks in Lebanon are rendering the interim agreement ineffective.
JPMorgan Chase: Potential obstacles to a Tesla-SpaceX merger have been underestimated.
According to Mars Finance, on July 8th, JPMorgan analyst Rajat Gupta stated that while a Tesla-SpaceX merger "looks plausible on paper," current speculation surrounding the merger underestimates the potential obstacles hindering the deal. These potential obstacles include regulatory approvals across multiple jurisdictions; governance and voting rights symmetry; and the perception that "the merger will be a SpaceX-led acquisition, rather than a merger of equals." He added, "Overall, we will be watching SpaceX's acquisition currency, the regulatory landscape, and Musk's voting rights in Tesla as catalysts for a potential merger." JPMorgan stated that if the deal occurs, the most likely structure would be a SpaceX-led, all-stock acquisition of Tesla.