cnbc.com

AstraZeneca in talks on a potential merger with Bristol Myers Squibb

AstraZeneca logoAstraZeneca
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Bristol-Myers Squibb logoBristol-Myers Squibb
Sig2.43Sen+0.89Env0.00Soc0.00Gov-0.16

AstraZeneca is discussing a possible merger with U.S. rival Bristol Myers Squibb, with talks reportedly ongoing for months and valuing the combined company at about $400 billion. The move would be among the largest deals in history, though it remains unclear if it will proceed. AstraZeneca’s recent results point to continued strength in cancer and rare-disease drugs.

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