In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
M&A
Casino operator MGM Resorts makes $11 billion takeover offer for Entain Plc
On Monday, in a statement Entain Plc said, it has received a $11 billion bid proposal from U.S. casino operator MGM Resorts which significantly undervalued its business. In this latest transatlantic move which sees consolidation in the sector MGM Resorts’… Read More ›
JPMorgan Chase & Co to acquire global loyalty division of cxLoyalty Group Holdings Inc
In a statement JPMorgan Chase & Co said, it would acquire the global loyalty division of cxLoyalty Group Holdings Inc – a third-party credit card loyalty program service provider. JPMorgan did not disclose the financial terms of the acquisition. “People… Read More ›
Farallon Capital Management joins Effissimo Capital Management for Toshiba EGM
On Friday, U.S. hedge fund Farallon Capital Management stated it has asked Toshiba Corp to convene an Extraordinary General Meeting (EGM) over its investment strategy. This is the second such call for an EGM in a week by major Toshiba… Read More ›
Lockheed Martin Corp acquires rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion
In a statement Lockheed Martin Corp said, it has agreed to acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash. The deal marks Lockheed’s biggest acquisition since its CEO Jim Taiclet became… Read More ›
Italian broadcaster Mediaset presses ahead with plan to create pan-European TV champion
On Monday, the CEO of Italian broadcaster Mediaset stated, it plans on creating a pan-European TV champion regardless of whether it can strike a deal to settle a dispute with its second-largest shareholder Vivendi. “We want to go ahead with… Read More ›
Britain’s JD Sports acquires U.S. based Shoe Palace for $325 million
On Tuesday, British sportswear retailer JD Sports said, it had acquired shoe retailer Shoe Palace for $325 million. The acquisition of Britain’s biggest sportswear retailer marks of U.S.-based Shoe Palace marks its intention of expanding its footprint in the U.S. market…. Read More ›
Sony to acquire AT&T Inc’s animation business for $1.18 billion
On Thursday, in a statement Sony Corp and AT&T Inc’s animation business Crunchyroll stated, the former will purchase the latter for $1.175 billion. The development sees Sony aiming to boost its entertainment content and distribution businesses. The deal will provide… Read More ›
Private equity investor Thoma Bravo raises funds for SPAC: Sources
According to a source familiar with the matter at hand, private equity investor Thoma Bravo has hired an investment bank to raise funds for an initial public offering for a special purpose acquisition company (SPAC). The development marks one of… Read More ›
S&P Global Inc in advanced negotiations to acquire HIS Markit for $44 Billion
According to a report from the Wall Street Journal, S&P Global Inc is in advanced talks to acquire IHS Markit Ltd for around $44 billion. The deal, which will see the consolidation of two major data providers, is likely to… Read More ›