The gap between Activision Blizzard’s stock price and Microsoft Corp.’s takeover offer is at its narrowest level since the $69 billion merger was announced in January 2022, as an update from UK regulators lifts expectations that the deal could go through.

Billionaire investor Carl Icahn upped his criticism of Illumina Inc.’s acquisition of Grail Inc., saying in his latest attackthat its board set a “new low” in governance by pursuing the deal over antitrust regulators’ objections.

Happy Friday. It’s Crystal Tse from New Orleans today with some mood music from an M&A conference. We also look Silicon Valley Bank’s new potential buyer and Toshiba’s buyout deal.

TikTok CEO Shou Chew’s attempts to win over Congressional lawmakers Thursday failed. But the more crucial fight to prevent the short-video app from being punished or banned is likely to play out in the the US legal system.

A PGA Tour Inc. executive unlawfully pushed broadcasters to turn their backs on potential LIV Golf streaming deals, the Saudi-backed upstart claimed in its ongoing antitrust fight with the US legacy tour.

AbbVie Inc. and Merz Holding Gmbh & Co. affiliates received final approval for a $54.4 million settlement of a lawsuit that claimed the pharmaceutical companies conspired to block generic competition for the Alzheimer’s drug Namenda.

A US antitrust lawsuit seeking to break up Google’s advertising technology business will be headed to trial as soon as March 2024, a federal judge ruled Friday.