Italy

Sources: Italy is in advanced talks for a €1.5B, five-year SpaceX deal to provide the government with secure telecom services, Europe's largest such project

Bloomberg :

Bending Spoons plans to lay off 75% of WeTransfer staff after acquiring the file-sharing service in July 2024; WeTransfer reportedly has 350+ employees

Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned.

STMicro announces plans to spend €5B on a chips manufacturing plant in Catania, Italy with the government providing €2B in subsidies under European Chips Act

Jillian Deutsch / Bloomberg :

Vodafone sells its Italian business to Switzerland's Swisscom for €8B in cash and plans a ~€4B stock buyback; Swisscom will merge Vodafone Italia with Fastweb

- Vodafone also announced plans for a €4 billion share buyback  — Sale to Swisscom will create a new market dynamic in Italy

Sources: Intel and Italy aim to clinch a deal, by the end of August 2022, initially worth $5B, to build an advanced semiconductor packaging and assembly plant

Russian e-commerce giant Wildberries, which controls 14% of the market, has recently expanded into France, Germany, Italy, and Spain

Winston Churchill, it's often said, quipped that you should never let a good crisis go to waste.  Tatyana Bakalchuk would agree.

Sources: Italy's biggest payments company Nexi is leading negotiations to buy its Nordic rival Nets in an all-stock deal worth around $10B

Italy's biggest payments company Nexi announces a merger with rival SIA to create a group with ~€1.8B in annual revenue and a market value of €15B+

Elisa Anzolin / Reuters :

Rocket Internet Sells Food Startups In Spain, Italy, Brazil, Mexico For $140M To Just Eat

The takeout shakeout continues apace.  Since going public in 2014, Rocket Internet has been trying to simplify and reorganize the tangle of e-commerce startups funded and grown by the Berlin-based inc...