World News – CA – AMD buys Xilinx for $ 35 billion, creating Silicon Valley chip giant

SAN JOSE, Calif .– AMD buys Xilinx for $ 35 billion in all-stock deal that will combine the two Silicon Valley chipmakers

The deal announced on Tuesday puts AMD where it wants to be; in fiercer competition with Intel

Xilinx shareholders will receive 17,234 AMD shares for every Xilinx share they hold, or approximately $ 143 per Xilinx share

AMD shareholders will own around 74% of the combined company, with Xilinx shareholders holding around 26%

The transaction will give AMD a strong portfolio of high-performance processor technologies, combining processors, GPUs, FPGAs, adaptive SoCs and deep software expertise to enable leading computing platforms for cloud devices , peripherals and terminals

« Joining us with AMD will help accelerate the growth of our data center business and allow us to develop a broader customer base in more markets, » said Victor Peng, CEO of Xilinx, in a prepared statement

AMD CEO Dr Lisa Su will lead the merged company as CEO Peng will join AMD as chairman, responsible for Xilinx business and strategic growth initiatives At least two Xilinx directors will join the board of ‘AMD administration once the transaction is complete

The deal is expected to be concluded by the end of next year It still needs the approval of the shareholders of both companies

Xilinx shares fell nearly 2% before the market opened on Tuesday, while AMD shares edged up

AMD buys Xilinx for $ 35 billion to give it chip designs it never could have considered before

* The Canadian dollar rises 02% against the greenback * Loonie is trading in a range of 13156 to 13,212 * US oil price increases 04% * Canadian bond yields fall over much of a curve flatter TORONTO, Oct 27 (Reuters) – The Canadian dollar strengthened against its US counterpart on Tuesday as stocks and oil prices rose, with the currency rebounding from a 10-day low the day before when a wave of aversion for risk swept global markets Major Wall Street indices were expected to rebound after the benchmark S&P 500’s worst day of the month as investors analyzed a deluge of corporate earnings, while bracing for volatility ahead on election day US crude oil futures were up 04% to $ 38.7 a barrel as oil companies shut down some US Gulf of Mexico oil production due to a hurricane, although the surge in coronavirus infections and increased Libyan supply limited gains

MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the “Company”), a leading provider of value-added data analytics and end-to-end cost management technology solutions for the US healthcare industry, today announced that its indirect wholly-owned subsidiary, MPH Acquisition Holdings LLC (the “Issuer”), has increased and finalized the terms of its $ 1,300 million equity offer aggregate of 5 750% Senior Notes due 2028 (the “Notes”) The aggregate principal amount of the Notes to be issued in connection with the Offering has been increased to $ 1,300 million from the previously announced $ 1,200 million Notes should be issued by the issuer and guaranteed on a full and unconditional basis by each of the issuer’s wholly-owned restricted domestic subsidiaries that back the issuer’s senior secured credit facilities. The offer of the notes is expected to close on October 29, 2020, subject to customary closing conditions The Issuer also announced the increase of its revolving credit facility from $ 100 million to $ 450 million

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New Delhi [India], October 27 (ANI): Finance Minister Nirmala Sitharaman said on Tuesday that India’s gross domestic product (GDP) growth for the current fiscal year 2020-2021 will be negative or close to zero, due to the impact coronavirus pandemic

WASHINGTON – US house prices rose sharply in August – another sign that the US real estate market remains strong despite the economic fallout from the coronavirus pandemic
The S&P CoreLogic Case-Shiller House Price Index in 20 cities, released on Tuesday, showed house prices soared 52% in August from a year earlier, accelerating from a 41% gain in July The gain was stronger than economists expected
Phoenix (up to 99% from August 2019), Seattle (85%) and San Diego (76%) posted the biggest gains The 19 cities in the index recorded price increases 20 cities excluded prices from the Detroit metro area index due to delays related to the pandemic at the Wayne County registry office, which includes Detroit
Helped by the lowest mortgage rates, the US housing market has been a source of strength as the US economy recovers from a free fall from April to June caused by the pandemic and the measures taken for it. contain
The National Association of Realtors reported last week that sales of existing properties rose 94% in September and the median selling price of a home climbed 15% from the previous year to settle. to $ 311,800 And the Commerce Department reported that homebuilding rose 19% in September on a boom in single-family home construction

Paul Wiseman, The Associated Press

As part of this deal, Waymo will supply its automated driving technology to Daimler’s Class 8 Freightliner Cascadia trucks The Freightliner Cascadia autonomous trucks would be available to customers in the United States in the « coming years, » the companies said, adding that they plan to explore the expansion of autonomous driving technology globally in the next few years. a « near future »

Nearly six in ten employees say the pandemic has made their work days less defined, according to a Pulse of the American Worker survey conducted by Prudential Financial Only a minority, 43%, say they have managed to separate work and family “We have found that in general people work well from home, but the main area of ​​concern that continues to arise is life balance. work and personal life, ”said Adam Pressman, Atlanta partner at Mercer

Baptist Health engages Kyruus to improve digital access experience for consumers in Kentucky, Illinois, Indiana and Tennessee

AMC Entertainment Holdings Inc on Tuesday announced plans to reopen eight theaters in California, one of its key markets, giving much-deserved hope to an industry that has been hammered by the COVID-19 pandemic AMC said it would reopen theaters in Northern California, including San Francisco and the Greater Bay Area The world’s largest theater chain expects to open around 540 of its 600-theater circuit by the end of the month

TikTok on Tuesday unveiled a pact with the e-commerce platform Shopify offering more than one million merchants on the platform a dedicated channel to reach TikTok users with creative marketing through the new TikTok channel for Shopify, businesses can create, manage and measure TikTok ad campaigns without leaving the Shopify interface The deal comes as TikTok continues […]

Today, Dr. Praeger’s Sensible Foods, the leader in all-natural, vegetarian, vegan, gluten-free and kosher frozen food products for over 25 years, announces its first line of refrigerated products

Schneider announced that its board of directors has declared a quarterly cash dividend of $ 0 065 per share on Class A and Class B common shares

Customer Vineyard, a data analytics and marketing services company, today announced new funding from the Noel Group along with new board members

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