BUSINESS

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Mars, M&M's and Snickers maker said on Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.

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Starbucks said Tuesday that Brian Niccol, chief executive at Chipotle, would be the coffee chain's new CEO -- just over a year after current boss Laxman Narasimhan took over the role.

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Polish billionaire Rafal Brzoska and his wife are preparing to take legal action against Meta, the parent company of Facebook and Instagram, over a series of fake advertisements circulating on the platforms. These ads falsely feature Brzoska's image and spread misinformation about his wife.

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Sony has officially decided not to submit a new bid for Paramount Global, choosing not to counter the ongoing merger between Paramount and Skydance Media. Sony Group President, COO, and CFO Hiroki Totoki announced during a recent earnings call that acquiring Paramount does not align with Sony’s strategic or financial plans.

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German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids.

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Apex Capital Trust has made a bold move by offering to acquire Paramount Global for up to $43 billion in an all-cash deal. This comes amid ongoing merger discussions between Paramount and Skydance Media, led by David Ellison. Apex’s bid includes $35 per share for Paramount’s Class A voting shares and $23.28 per share for Class B non-voting shares, representing a 33% premium over recent stock prices.