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Csl announced it has entered into a deal to acquire Vifor Pharma for US$12.3bn.

The Australian market recovered some morning losses in afternoon trade but still closed the session slightly lower as Woolworths and Mesoblast weighed down the key index. Kogan.com rallied today after announcing it sold the internet domain name bitbuy.com for 1.5 million US dollars to First Ledger. A spotlight on Csl as the Australian-based biotech giant is in expansion mode after announcing it has entered into a definitive agreement to acquire Swiss-based specialty pharmaceutical company, Vifor Pharma for 179.25 US dollars per share, in a 12.3 billion US dollar all-cash deal. Squid Game continues to make headlines as the hit Netflix series ranks number 1 for most-watched TV shows in 2021 with 142 million household views since it was released in September.