Yahoo has signed a deal to sell its 20-year-old technology news platform TechCrunch to media investment firm Regent, the companies said on Friday. Financial terms of the transaction were not disclosed. Founded in 2005...
James Hardie offers $8.8 billion for US building products maker AZEK
Fibre-cement maker James Hardie Industries agreed to buy U.S. artificial decking maker AZEK for $8.75 billion including debt, seizing on a downturn in the American home building market to expand its offer beyond...
Wood Group to extend deadline on deal talks with Dubai’s Sidara, FT reports
British oilfield services and engineering firm Wood Group has agreed to extend a deadline for talks with Dubai-based Sidara for a possible takeover offer after a failed attempt six months ago, the Financial Times...
TOMS Capital pushes for Kenvue sale, Bloomberg News reports
Investment firm TOMS Capital Investment Management has amassed a stake in the Band-Aid maker Kenvue and is pushing the company to consider a full sale or separation of some assets, Bloomberg News reported on Sunday...
DNA testing firm 23andMe files for bankruptcy to sell itself; CEO leaves after failed bids
Genetic testing firm 23andMe said on Sunday it filed for Chapter 11 bankruptcy protection in the U.S. to help the $50 million company sell itself and that CEO Anne Wojcicki had resigned after multiple failed takeover...
FCC’s Carr Threatens to Block M&A for Companies With DEI
The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr. The move could threaten billions...
ProSiebenSat.1 sells Verivox to Italy’s Moltiply for $250 million
German media group ProSiebenSat.1 said on Friday it would sell comparison website Verivox to Italy’s Moltiply Group for 231 million euros ($250 million) as it seeks to focus more on its core TV broadcasting...
Masdar weighs buying stake in TotalEnergies’ Portuguese renewables, sources say
Abu Dhabi renewable energy company Masdar is exploring the acquisition of a stake in French oil major TotalEnergies’ Portuguese renewables assets, three people with knowledge of the matter told Reuters. Any deal...
China’s Legend explores Banque International a Luxembourg sale, sources say
China’s Legend Holdings is exploring options including a possible sale of its 90% stake in Banque Internationale a Luxembourg (BIL), two people with knowledge of the matter said. Legend, which is listed on the...
BP sells Apollo $1 billion stake in firm invested in TANAP gas pipeline
BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management, the two firms said on Friday. CEO Murray Auchincloss is spearheading a...
Argentina suspends Telecom’s purchase of Telefonica unit
Argentina’s presidential office on Friday said it issued a preventive measure to suspend Telecom’s acquisition of Telefonica’s local unit, claiming the pending merger could lead to excessive market...
France’s Credit Mutuel to buy German bank IPO candidate OLB
French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years considered a listing on the stock exchange. The...
