Reuters

EQT Corp is about to buy THQ Appalachia

• American natural gas producer EQT Corporation EQT is in advanced talks to purchase exploration and production company THQ Appalachia I for about $4 billion, including debt, Reuters reported, citing people familiar with the matter.
• The sources said that after successful negotiations, EQT is expected to sign an agreement with the owners of THQ Appalachia later this week.

Indian car service company seeks $35 million capital injection from SoftBank

• SoftBank Group Corp SFTBY could invest $35 million in an Indian car service and repair company GoMechanicreported Reuters.
• Vision Fund’s early-stage discussions with GoMechanic are valued at approximately $600-$700 million.
• GoMechanic was valued at $300 million last year and had annual sales of around $40 million.

European Commission Says No to Illumina Grail Deal – What’s Next?

• The European Commission has banned it Illumina Inc ILMN Acquisition of GRAIL.
• Reuters reported that Illumina is in talks with European Union antitrust authorities to divest Grail ahead of an expected EU veto on its $8 billion acquisition next week.
• The commission is scheduled to decide on the takeover by September 12.

Volkswagen goes ahead with the IPO of Porsche, defying all odds

• Volkswagen AG VWAGY Reuters reports joint plans to list a minority stake in sports car maker Porsche in 2022 amid inflation and energy tensions between Russia and Europe.
• VW considered an IPO between September and October, making way for one of Europe’s leading IPOs.

Washington Post

Elon Musk hailed an encrypted app signal that leaked into another major tech critic

• Signal appointed Meredith Whittaker, a former alphabet inc WELL Google as the first president to add to the list of tech critics guiding the encrypted messaging app.
• The Google manager has spoken openly about the damage done by Big Tech.
• The non-profit signal competes with WhatsApp and iMessage, which are championed by Facebook parent company Meta…