Chinese private equity firm FountainVest has secured the Italian government’s approval to buy a major stake in EuroGroup Laminations, a document showed, under a plan to take the electric motor component maker...
OpenAI acquires healthcare startup Torch, deal pegged at $100 million
OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push into artificial intelligence (AI)-powered healthcare tools. The deal is valued at about $100 million in equity...
Ykone, BarCode, Mirror Mirror merge to form integrated group One
Global influencer marketing company Ykone has merged with Paris-based creative production house Mirror Mirror to form a new integrated group called One, strengthening its creative, technology and media capabilities, the...
Banijay, owner of Big Brother franchise, and All3Media in talks to merge TV production businesses: Report
French media production company Banijay Group, widely known for owning the “Big Brother” franchise, is reportedly in talks with RedBird IMI, the owner of All3Media, to merge their television production businesses...
Coca‑Cola scraps Costa Coffee sale, FT reports
Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms came in below expectations, the Financial Times reported on Wednesday. The U.S. beverage giant ended talks with...
AstraZeneca to acquire Modella AI to speed oncology drug research
AstraZeneca has agreed to buy Boston-based Modella AI, the companies said on Tuesday, as the drug industry increases its use of artificial intelligence to accelerate the discovery of new drugs. The companies did not...
UK’s Smith & Nephew to buy Integrity Orthopaedics for up to $450 million
British medical products maker Smith & Nephew will buy U.S.-based Integrity Orthopaedics in a deal that could be valued at up to $450 million, the company said on Monday. The deal comes a month after Smith &...
Allegiant to acquire Sun Country Airlines for $1.5 billion
Low-cost airline Allegiant will acquire Sun Country Airlines in a deal valued at about $1.5 billion, including debt, the companies said on Sunday. As part of the agreement, Sun Country shareholders will receive 0.1557...
Sino Biopharmaceutical buys drugmaker Hangzhou Hygieia Biomedical for up to $172 million
Hong Kong-listed Sino Biopharmaceutical said on Tuesday it would acquire China-based Hangzhou Hygieia Biomedical for up to 1.20 billion yuan ($172.04 million), as it looks to bolster its portfolio of chronic-disease...
Charles River to buy Cambodia-based monkey supplier for $510 million
Charles River Laboratories said on Monday it would buy one of its major suppliers of non-human primates for about $510 million as the contract research firm seeks greater control over procurement of the animals used in...
Australia’s Aware Super buys 31.3% stake in European Outlet Mall Venture platform
Australian pension fund Aware Super said on Tuesday that it had bought a 31.3% stake in the European Outlet Mall Venture (EOMV) platform, which owns and operates four outlet centres worth 2.6 billion euros ($3.03...
Saudi’s SABIC sells assets in Europe, Americas worth $950 million
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...
