Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
mergers and acquisition
Rupert Murdoch’s 21st Century Fox agrees to acquire Sky for 24.5 billion pounds
Having outbid Comcast, 21st Century Fox expects to receive regulatory approval from Britain later this week. On Wednesday, 21st Century Fox stated it has secured a deal to acquire Britain’s Sky for 24.5 billion pounds. Rupert Murdoch’s 21st Century Fox… Read More ›
Roche Holding AG acquires Foundation Medicine for $2.4 billion
The strategic move will enable Roche Holding AG to add Foundation Medicine’s portfolio of drugs to its basket of cancer treatments. FMI’s molecular insights will also enable Roche to create and develop new cancer treatments. On Tuesday, Swiss drugmaker Roche… Read More ›
CYBG acquires Virgin Money for $2.26 billion
The acquisition sees the creation of the 6th largest bank in the UK. On Monday, in a development that witnesses the creation of the 6th biggest bank in Britain, CYBG, a mid-sized bank, has agreed to acquire Virgin Money for… Read More ›
Lufthansa in preliminary takeover talks with Norwegian Air
The M&A scene is heating up in Europe. On Monday, Lufthansa’s CEO disclosed, the air-carrier is in touch with Norway’s Air Shuttle for a potential takeover. Incidentally, British Airways owner IAG is also sniffing around for a potential deal. “In… Read More ›
Comcast places $65 billion in it bid for Fox Inc’s media assets
Comcast’s all cash offer may not go down well with Fox’s biggest shareholder, the Murdoch family, since accepting the deal would force it to potentially pay a multi-billion dollar capital gains tax. In a move that has essentially sparked a… Read More ›
CYBG’s acquisition of Virgin Money has significant cost synergies
With both Boards of the companies agreeing to the cost synergies in the potential deal, this is likely to be a no-brainer. On Monday, the board of CYBG, a lender, and that of British bank Virgin Money stated the former’s… Read More ›
Blackstone Group bids $2.3 billion for Sydney-focussed Investa Office Fund
Analysts expect property prices across Australia’s east coast to boom despite a rise in interest rates. On Monday, Investa Office Fund (IOF), a Sydney focussed company stated, they would unanimously recomend an unsolicited and non-binding offer from U.S. private equity… Read More ›
Regulations should facilitate cross-border mergers in Europe: ECB’s Francois Villeroy de Galhau
Reduced regulatory hurdles could spur more growth in the M&A scene in the EU. On Monday, CEB’s Francois Villeroy de Galhau, who is also the Governor of the Bank of France, stated, it is of prime importance that regulatory hurdles… Read More ›
Xerox Corp appoints John Visentin as its CEO
Following the scrapping of the $6.1 billion deal with Fujifilm Holdings Corp, Xerox’s outgoing CEO along with 5 of its directors are being replaced with a new management team. Setting July 31 as the date for its annual shareholder’s meeting,… Read More ›
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