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...
Sanofi to acquire Dren Bio’s immunology unit
Sanofi on Thursday announced an agreement with biopharmaceutical company Dren Bio for the acquisition of its autoimmune disease treatment DR-0201. The French healthcare group will acquire the Dren Bio affiliate Dren...
Cryptocurrency exchange Kraken to buy NinjaTrader for $1.5 billion
Kraken, one of the world’s largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset...
UK’s Niox Group receives sweetened buyout proposal from Keensight Capital
British medical device maker Niox Group said on Thursday it had received a sweetened buyout proposal from Parisian private equity firm Keensight Capital, valuing the company at 322.4 million pounds ($417.48 million)...
Unilever to sell The Vegetarian Butcher brand to Vivera
Unilever said on Thursday it will sell its plant-based meat brand The Vegetarian Butcher to Netherlands-based Vivera.
The London-listed company did not disclose financial terms of the deal.
