12/29/2021, 8:38 PM (Source: TeleTrader)
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Report: Samsung in talks to buy Biogen for $42B

Samsung Group is negotiating with Biogen Inc. to acquire that company for approximately $42 billion, the Korea Economic Daily reported on Wednesday.

According to sources familiar with the matter, it was Biogen that approached Samsung and offered the South Korean tech giant to buy its stocks, including premium control. The report added Samsung is highly likely to agree to the deal.

Back in October, Biogen revealed its revenue in the third quarter of the year declined by 18% in comparison to the same period the year before, while the value of its diluted earnings per share (EPS) saw an annual decrease of 50%.

Baha Breaking News (BBN) / JR