The European Commission said on Friday it would investigate Universal Music Group’s planned $775 million acquisition of independent music services company Downtown Music, confirming earlier media reports...
Harvard University said to be exploring $1 billion of private equity stakes sale
Harvard University’s endowment is in advanced talks to sell private equity fund interests totaling about $1 billion, a person familiar with the matter said on Thursday. The sale process started last year and is...
Germany’s Merck says in late-stage discussions to buy SpringWorks for $3.5 billion
Germany’s Merck KGaA said on Thursday it is in late-stage talks to acquire U.S.-based SpringWorks Therapeutics for about $3.5 billion, a deal that could give it access to a recently approved rare disease drug and...
EU to probe Universal’s $775 million acquisition of Downtown Music, FT reports
The European Commission is set to investigate Universal Music Group’s planned $775 million acquisition of independent music services company Downtown Music amid claims that the deal will give too much power to the...
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market. Regional banks across the...
FX firm Argentex confirms takeover talks with IFX Payments
British currency risk management company Argentex Group said on Thursday it was in advanced discussions with IFX Payments to get acquired, as the company battles a liquidity crunch due to ongoing turbulence in financial...
UK competition regulator approves Topps Tiles’ purchase of CTD Tiles
Britain’s competition regulator on Thursday approved tile retailer Topps Tiles’ 9-million-pound ($12 million) acquisition of CTD Tiles after it accepted remedies proposed by the companies. Last month, the...
Baloise says Patria acquires 9.35% stake from Cevian ahead of merger with Helvetia
Baloise on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The...
Columbia Banking to acquire Pacific Premier in a $2 billion deal
Columbia Banking System will acquire Pacific Premier Bancorp in an all-stock deal for about $2 billion, the companies said on Wednesday, adding to the growing consolidation in the industry amid market uncertainty. U.S...
Cantor teams up with Tether, Softbank for $3.6 billion crypto venture
Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump...
Singapore’s PSA weighs selling 20% stake in CK Hutchison’s ports business, sources say
Singapore’s PSA International is exploring the sale of its 20% stake in CK Hutchison’s ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial...
Swiss biotech firm Veraxa to list on Nasdaq in $1.64 billion SPAC deal
Swiss biotech investor Xlife Sciences AG said on Wednesday its portfolio company Veraxa Biotech AG would list on U.S. exchange Nasdaq in a $1.64 billion merger deal with a special-purpose acquisition vehicle, or SPAC...
