November 30, 2020 - Biz in 60

UK bans new Huawei 5G kit installation from September The UK government has announced it's banning the installation of new Huawei 5G equipment from September 2021. It's part of a plan to phase out the Chinese firm's technology over national security concerns. The announcement comes ahead of a debate over a new Telecommunications Security Bill, where firms could be fined up to 133-thousand dollars, if they violate the ban. Food delivery firm DoorDash looks to raise $2.8B in IPO Doordash is seeking to raise as much as 2-point-8 billion dollars in its initial public offering later this year. In a filing, the biggest US food delivery company said it's planning to sell 33 million shares priced between 75 dollars and 85 dollars apiece. At the top end of this range, the SoftBank-backed startup could be valued at about 32 billion dollars. Financial data firm S&P Global to buy IHS Markit for $44B S&P Global has agreed to acquire UK-based financial data provider IHS Markit for 44 billion dollars. The merger would combine two major financial data services and create a rival to information powerhouses Bloomberg and Refinitiv. Under the terms of the deal, S&P Global shareholders will own almost 68 percent of the combined entity.