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Published on Oct 21, 2016
Microsoft
(MSFT) shares hit a new all time high. It's cloud business drove the
gains, as sales have doubled. Microsoft ranks second in selling computer
power and data storage capacity on demand over the internet, behind
Amazon. Microsoft also said it expects its merger with LinkedIn (LNKD)
to close in the spring. British American Tobacco said it has made an
unsolicited $47 billion takeover offer for the rest of its American peer
Reynolds American (RAI). The deal would create the world's largest
tobacco company. The industry has been mired in litigation but at the
same time, still enjoys steady profits. Qualcomm (QCOM) could be on the
verge of a massive deal. Bloomberg says the tech giant is in the final
stages of negotiations to buy NXP Semicondcutrs for about $30 billion
bucks.
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