Tag: acquisition

Business

Neymar’s father acquires brand ownership rights of Pelé

The iconic footballer Pelé’s brand has officially come under the ownership of the family of another prominent Brazilian athlete, Neymar Santos Jr., after the company owned by Neymar’s father announced on Tuesday that it had purchased the rights to use the brand. Neymar Santos Sr., who is the owner of the company NR Sports, announced […]

Business

Amazon pulls out of iRobot acquisition

Alex Omenye Amazon’s attempt to acquire iRobot, the renowned robotic vacuum manufacturer, has come to an end due to challenges faced with European regulators. Both companies have decided to mutually terminate the previously-announced acquisition agreement, where Amazon intended to buy iRobot for approximately $1.7 billion in cash, or a slightly lower amount. The companies issued […]