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CNBC BusinessSep 22, 2021
Google's $2.1 billion office building deal is latest sign of Big Tech's muscle in Manhattan market
Google's deal to buy a Manhattan building adds to the rapid growth of Silicon Alley, despite a rise in remote work and a decline in the New York office market.

MarketWatch MarketPulseSep 20, 2021
Brooks Automation to sell chip solutions business for $3 billion, scraps plan to split up
Brooks Automation Inc. announced Monday a deal to sell its Semiconductor Solutions Group business for $3.0 billion in cash to Thomas H. Lee Partners L.P. Brooks' automation business recorded revenue of $613 million in revenue in the last 12 months through June 30, which compares with total revenue of about $1.1 billion over the same time, according to FactSet data. Brooks expects the deal to close in the first half of 2022. As a result of the deal, Brooks said it will no longer pursue its previously announced plans to split into two separate publicly traded companies, one a life-sciences company and the other an automation-technology company. Brooks' stock slipped 0.2% in premarket trading Monday, but outperformed its chip-sector peers and the broader stock market, as the VanEck Semiconductor ETF dropped 1.3% and futures for the S&P 500 slid 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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