On Wednesday, Nestle SA said it will be selling its North American water brands including Poland Spring and Pure Life to private equity firms Metropoulos & Co and One Rock Capital Partners for $4.3 billion. The sale also includes brands… Read More ›
M&A
MGM Resorts posts record losses, sees increasing footfalls by year end as vaccine rollout widens
MGM Resorts has posted a bigger-than-expected loss thanks to the coronavirus-induced COVID-19 pandemic which brought global travel to a standstill; it has however signaled that with increased inoculation of the COVID-19 vaccine, it is likely that demand will pick up… Read More ›
Viagogo must sell StubHub’s business outside North America: Britain’s market watchdog
On Tuesday, Britain’s competition watchdog said, Viagogo would have to sell all of StubHub’s business outside North America following its findings after a probe that the deal would reduce competition in the secondary ticketing market in UK. In a statement,… Read More ›
EBay exploring sale for its South Korean business, including Gmarket
In a statement, EBay Inc said, it has started a process to explore a range of strategic alternatives for its South Korean business, including Gmarket – one of the largest online marketplaces in the country. In a report, Seoul-based Korea… Read More ›
Australia blocks Chinese-state owned company from acquiring domestic peer involved in high profile construction projects
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 ›
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 ›
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