A group of investors, including Saudi Arabia’s Public Investment Fund, has sought EU antitrust approval for its $55 billion acquisition of videogame developer Electronic Arts, according to a European Commission...
International News
Bertelsmann says US authorities have approved BMG/Concord merger
German media group Bertelsmann on Wednesday said U.S. competition authorities have approved the planned merger of its music division BMG with rival Concord in a deal that would create the world’s fourth‑largest...
MSC denies media report it looking to buy stake in Hapag-Lloyd
MSC, the world’s largest container shipping company, denied a report by Manager Magazin published on Wednesday that its founder and executive chairman Gianluigi Aponte, is looking to acquire a stake in...
Chinese regulators clear Paramount Skydance-Warner Bros Discovery merger, source says
Chinese regulators have cleared the $110 billion merger between Paramount Skydance and Warner Bros Discovery, according to a source familiar with the decision. The antitrust ruling comes on the heels of similar...
SpaceX to acquire AI coding company Cursor for $60 billion
Elon Musk’s SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market...
CNTXT AI acquires Actualize to strengthen Arabic voice AI for enterprise and government across the GCC
CNTXT AI, a UAE-based data and AI company, has announced the acquisition of Actualize, an enterprise AI company building dialect-aware Arabic voice agents for the GCC, powered by realistic Arabic speech models. The...
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S...
Australia’s ASX proposes 25% cap on share issuance in public M&A without shareholder vote
The Australian Securities Exchange will introduce major new changes that cap companies from issuing more than 25% of their existing share capital to fund public takeovers without a shareholder vote, bowing to pressure...
Olin to buy Huntsman in a $2.43 billion deal amid challenging chemicals market
Olin said on Tuesday it will acquire Huntsman in an all-stock deal valued at about $2.43 billion, combining two U.S. chemical producers as the industry seeks scale and cost savings amid a challenging environment. Under...
UK’s competition watchdog clears ABF’s Hovis takeover
Britain’s competition watchdog cleared Associated British Foods’ acquisition of rival Hovis on Tuesday, after finding that ABF’s bakery division would likely exit the market entirely if the deal did...
Salesforce to buy AI agent platform Fin for about $3.6 billion
Salesforce said on Monday it had acquired autonomous AI agent platform Fin for about $3.6 billion. The deal strengthens Salesforce’s Agentforce platform, as technology firms compete to roll out usage-based...
Affle to acquire strategic AdColony assets from Nasdaq-listed DT
Affle announced that Affle MEA FZ LLC has entered into a definitive asset purchase agreement with DT (NASDAQ: APPS), formerly Digital Turbine, to acquire select strategic AdColony assets including the AdColony SDK for...
