Newmont Mining Corporations has declared that it would buy its smaller rival Goldcorp in a deal worth of $10 billion. This deal would make Newmont world’s largest gold producer at the time when easy-to-find reserves are decreasing.

The deal is the second in the last 12 months. Another high profile merger happened in last September when Barrick Gold Corp agreed to buy Randgold Resources Ltd. It implies how the industry is aiming to cut the costs and increase scale.

After the merger, the company will be known as Newmont Goldcorp. And, owing to the anticipated size, it will overtake the current leader Barrick Gold Corp in total production. It will possess mines in America, Australia, and Ghana.

Newmont Mining Corp, Colorado-based company, will also sell assets worth of $1 billion to $1.5 billion over the next few years as a part of the deal, and the same had happened in the last year’s merger between the when Barrick Gold Corp agreed to buy Randgold Resources Ltd.

After the completion of the deal, the company hopes to produce 6-7 million ounces of gold annually for the next ten years whereas Barrick has expected of providing 4.5 million to 5 million annually.

Newmont Chief Executive officer Gary Goldberg will lead the new company. And he is scheduled to retire by the end of 2019. And, the reign will be overtaken by the existing Chief Operating Officer Tom Palmer.

Newmont has declared of offering 0.3280 of its share plus $0.02 for each share of Goldcorp. And, it would be translated to a share price of $11.46 per share in the market for Newmont Mining Corp. It would be gaining a premium of 18 percent as per the data with New York Stock Exchange.

The deal is scheduled to end by the end of the second quarter, and it will save $100 million for the company.

Vancouver-based Goldcorp’s U.S.-listed shares inflated about 13 percent before the bell on Monday. Newmont Mining’s shares were down by 3 percent prior to the merger.

After putting Amazon’s name into the most valuable list and being the richest man on the planet, founder Jeff Bezos has another feather on his cap. He is going to have the most expensive divorce. Jeff Bezos, 54, having a total worth over $137 billion through his stake in Amazon is the richest man in the world after surpassing Bill Gates of Microsoft. He also made Amazon as the most valuable company as far as the market capitalization goes. And Jeff’s announcement regarding the divorce his wife of 25 years, MacKenzie, is likely to become a remarkable event in history.

The Couple had issued a statement on social media on Wednesday saying that after a long period of loving exploration and trial separation; they had decided to divorce and continue to share their lives as friends.

Barring a prenuptial or postnuptial agreement already in place, the Washington State law prescribes for an equal split of wealth which has been accumulated during the time of marriage. And Amazon was founded by Jeff in 1994 after getting married in 1993.

As per the reports, MacKenzie would be getting the 50 percent of total Jeff’s wealth that sums to a whopping $66billion. The divorce would make MacKenzie the richest woman in the world, and it would also make Jeff out of the richest person list. After the divorce, it is likely that Bill Gates again will be on the top spot.

MacKenzie is a Princeton graduate and currently a novelist. She met Jeff in an interview for a job at a New York hedge fund. And, they got married after six months of dating, and now the couple has four children.

If the deal happens at 50:50 settlement, Jeff will have to sell or pledge his shares to fund the alimony of such a huge amount. There are also chances of argument by the lawyers from the side of Jeff that without Jeff the worth of the shares will not be that much.

However, until the divorce is finalized, it is to be seen how much is parted to MacKenzie. But, one thing is certain that the divorce will not have many disturbances as Amazon is a public listed company and it will have severe impacts on the company’s share price. And, no one would like to put the mighty stocks of the most valued company in the world, to tumble.