M&A

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Wall Street broker Bernstein said prediction market platforms are poised for a wave of mergers and acquisitions as companies integrate customer distribution with exchange infrastructure.

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Major Japanese auto parts maker Denso Corp has withdrawn its buyout proposal for semiconductor firm Rohm Co after failing to secure its support. Denso President Shinnosuke Hayashi announced the decision at a press conference in Nagoya. The company plans to further advance its current relationship with Rohm.

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