EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European...
Australia’s Rinehart takes stake in Lynas Rare Earths, shares jump
Australia’s richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken...
Superdry plans to go private as it kicks off rescue plan
British fashion chain Superdry proposed a rescue package on Tuesday involving a fundraising backed by CEO Julian Dunkerton, quitting the London Stock Exchange and a restructuring plan, to avoid falling into...
Bankruptcy court disposes off insolvency applications against Mumbai Metro One
The Mumbai bench of the National Company Law Tribunal (NCLT) has disposed of two separate insolvency resolution applications filed by the State Bank of India and IDBI Bank against Mumbai Metro One. The borrower is a...
Tapestry merger with Versace owner Capri gets EU, Japan approval
Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring...
Italy’s Prysmian to buy Encore Wire in $4.2 bln deal
Italy’s Prysmian will acquire copper and aluminium electrical cable maker Encore Wire for an enterprise value of about 3.9 billion euros ($4.15 billion), the companies said on Monday. Prysmian, the world’s...
Postman acquires Orbit to expand reach in software developer community
Postman, an application programming interface (API) management platform for enterprises, said it has acquired Orbit, a tool developer companies use to grow communities across forums, chat platforms and social channels...
Salesforce in advanced talks to buy Informatica, source says
Salesforce is in advanced talks to acquire business software maker Informatica, a person familiar with the matter told Reuters on Friday. A deal could be announced soon, said the source, who asked not to be named...
Australia’s Boral backs Seven Group’s improved $980 mln offer
Australia’s Boral recommended on Friday that investors accept an up to A$1.5 billion ($980.70 million) takeover offer from its largest shareholder Seven Group Holdings, after negotiating an increase in the cash...
Blackstone, CVC consider bids for Superstruct festivals firm, sources say
Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters. Superstruct, which runs events including...
Shurgard agrees to buy self-storage rival Lok’nStore in $474 mln deal
European self-storage company Shurgard has agreed to buy UK-listed rival Lok’nStore in an all-cash deal worth 378 million pounds ($474 million) to expand in markets beyond London, the companies said in a joint...
STG acquires cloud-based solution provider Eka Software
US-based equity firm STG on Monday said it has acquired Eka Software Solutions and will merge the latter with its portfolio company, the Quor Group, to provide a broad software suite. Bengaluru-based Eka provides...