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Regulatoryapproval

All articles tagged with #regulatoryapproval

finance-and-business2 years ago

"U.S. Exchanges Post Final Bitcoin ETF Filings Amid Market Buzz and Scaramucci's Optimism"

Major U.S. exchanges have filed amended documents for the launch of spot bitcoin ETFs, indicating an anticipation of SEC approval. BlackRock, Grayscale, Fidelity, and other issuers have addressed SEC feedback in their filings, with a final deadline for at least one application on January 10. While approval is not guaranteed, optimism is high among issuers, and SEC commissioners are expected to vote on the matter next week. Approval of both 19b-4 and S-1 filings is required before the ETFs can launch.

via CoinDesk|
##bitcoinetf#cryptocurrency
business-and-finance2 years ago

"Avangrid Cancels $8.3 Billion Acquisition of PNM Resources"

Iberdrola's U.S. subsidiary, Avangrid, has called off its $8.3 billion acquisition of PNM Resources due to the failure to obtain all necessary regulatory approvals by the end of 2023. The New Mexico Public Regulation Commission had previously rejected the deal, citing more risks than benefits for state ratepayers. Despite the termination of this deal, Avangrid remains committed to investing in renewable energy projects across the United States, including wind and solar developments in New Mexico and large-scale projects in New York, Maine, and the first large-scale offshore wind project, Vineyard Wind. Iberdrola continues to focus on substantial investments in the U.S., with a significant budget allocated for investments between 2023 and 2025.

via Reuters.com|
##avangrid#business-and-finance
business-and-finance2 years ago

"Microsoft President Reconciles with UK CMA Post Activision Deal Approval"

Microsoft President Brad Smith has shifted his stance on the UK's Competition and Markets Authority (CMA), now calling it "tough and fair" after the CMA's stringent standards forced Microsoft to restructure its acquisition of Activision Blizzard. Initially, Smith was critical of the CMA for blocking the $68.7 billion deal, but concessions made by Microsoft, particularly regarding cloud gaming rights, led to the deal's approval in the UK. Despite the change in tone from Microsoft, the CMA criticized the company's previous engagement tactics. Meanwhile, the deal still faces challenges in the US, with the Federal Trade Commission (FTC) continuing its pursuit against the acquisition.

via The Verge|
##activisionblizzard#business-and-finance