Saudi Arabia’s SABIC has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 million, as part of a...
Warner Bros rejects revised Paramount bid, sticks with Netflix
Warner Bros Discovery’s board unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that...
AbbVie denies media reports of talks to buy Revolution Medicines
AbbVie on Wednesday denied it was in talks to buy Revolution Medicines after the Wall Street Journal reported the drugmaker was in advanced discussions to acquire the cancer-drug developer. The company “is not in...
Olaplex draws takeover interest from Germany’s Henkel, Bloomberg News reports
Olaplex Holdings has drawn a takeover offer from Germany’s consumer goods maker Henkel, Bloomberg News reported on Wednesday, citing people familiar with the matter. Shares of the U.S. hair care products maker...
Japan’s Marubeni buys British sportswear brand Gola
Marubeni has purchased British sportswear brand Gola, the Japanese conglomerate said on Wednesday, as it seeks to tap into growing global demand for retro training shoes and sneakers. Marubeni unit Marubeni Consumer...
Galp, Moeve in talks to merge refining, fuel retail businesses into European giant
Portuguese energy firm Galp and private equity-backed Moeve are in talks to combine their refining, chemicals and fuel retail businesses, they said on Thursday, in a deal that, if successful, would create one of...
CCI okays Nippon Steel’s proposal to acquire 53.4% stake in Krosaki Harima Corp
The Competition Commission of India (CCI) on Tuesday approved Japanese steelmaker Nippon Steel Corporation’s proposal to acquire the remaining 53.4 per cent stake in Krosaki Harima Corporation. Nippon Steel holds...
KKR to buy sports investor Arctos at $1 billion valuation, Bloomberg News reports
Global investment firm KKR has agreed to acquire Arctos Partners in a deal that values the sports-focused private equity firm at about $1 billion, Bloomberg News reported on Tuesday, citing people familiar with the...
Mobileye to acquire humanoid robotics startup Mentee for $900 million
Mobileye Global on Tuesday said it would acquire humanoid robotics startup Mentee Robotics for about $900 million, as the Israeli self-driving technology firm bets on what it sees as the next frontier of artificial...
Lilly in talks to buy Ventyx Biosciences for more than $1 billion, WSJ reports
Eli Lilly is in advanced talks to buy Ventyx Biosciences for more than $1 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Ventyx surged more than 50% in extended...
Staar Surgical to reject Alcon takeover bid after failing to win shareholder backing
STAAR Surgical said on Tuesday it plans to terminate its merger agreement with Swiss eyecare giant Alcon after failing to secure enough shareholder votes to approve the deal, sending its shares down more than 12%. The...
Marvell to buy networking equipment firm XConn in $540 million deal amid AI infrastructure push
Marvell Technology said on Tuesday it will buy networking equipment provider XConn Technologies in a deal worth about $540 million, as the chipmaker doubles down on data center hardware amid a race to expand artificial...
