Unicredit has submitted an application to German antitrust authorities to approve its minority stake in Commerzbank, which currently stands at approximately 28%. The Federal Cartel Office is reviewing the implications of this acquisition, with a decision expected within one month, while the ECB is also assessing the suitability of Unicredit as a shareholder.
about Unicredit seeks approval for increased stake in Commerzbank from authoritiesAndrea
0 posts last weekCommerzbank outlines strategy to enhance independence amid Unicredit takeover bid
Commerzbank’s new CEO, Bettina Orlopp, aims to enhance efficiency and independence through restructuring, targeting a profit increase to €4.2 billion by 2028 while cutting 3,900 jobs. The bank also plans to pursue growth via acquisitions, despite Unicredit’s hostile takeover attempts.
about Commerzbank outlines strategy to enhance independence amid Unicredit takeover bidSequel to The Order 1886 Rejected by Sony According to Co Founder
A sequel to The Order: 1886 was pitched to Sony but ultimately rejected, according to Ready At Dawn co-founder Andrea Pessino. He noted that while the sequel had potential, the studio faced budget constraints and the game’s lukewarm reception, with a Metacritic score of 63, likely hindered its chances for redemption. Pessino hinted that if the game had achieved a score in the 70s, the sequel might have been greenlit.
about Sequel to The Order 1886 Rejected by Sony According to Co FounderDCG Launches Bitcoin Mining Operation Amid Financial Challenges and Lawsuits
Digital Currency Group (DCG) has launched Fortitude, a venture mining operation focused on Bitcoin and other high-growth digital assets within the proof-of-work ecosystem. This initiative aims to enhance revenue amid ongoing financial challenges, including a $600 million lawsuit from Genesis Global, a subsidiary of DCG. With Bitcoin prices projected to reach $100,000 in 2025, the mining operation seeks to capitalize on significant profit margins, despite the backdrop of legal settlements, including a $38 million agreement with the SEC.
about DCG Launches Bitcoin Mining Operation Amid Financial Challenges and Lawsuits