In a surprising turn of events, Exxon Mobil (XOM.N) is reportedly gearing up to make a colossal $60 billion acquisition of U.S. rival Pioneer Natural Resources (PXD.N), a deal that’s set to send shockwaves through the energy sector. Sources close to the matter, who spoke on the condition of anonymity, have revealed that Exxon plans … Read more
In a bold and unexpected move, Chevron is set to acquire Hess Corp. for a whopping $53 billion. What’s even more surprising is that this massive deal is not the only recent acquisition shaking up the energy sector this month. Major oil producers are seizing the initiative, cashing in on surging oil prices and geopolitical … Read more
The merger between former President Donald Trump’s social media platform, Truth Social, and the embattled special-purpose acquisition company (SPAC), Digital World Acquisition Corp., is unraveling before our eyes. A jaw-dropping $533 million in planned investments has been scrapped, leaving this high-stakes deal hanging by a thread. Despite the dire circumstances, both companies are singing a … Read more