Shari Redstone’s National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global to David Ellison’s Skydance Media, three sources familiar with the matter told Reuters...
DOF Group to acquire Maersk Supply Service for $1.11 billion
Norwegian supply shipping company DOF Group has agreed to buy offshore marine service provider Maersk Supply Service (MSS) from Maersk Supply Service Holding (MSSH) for $1.11 billion in a cash and stock deal, it said on...
Jollibee Foods to take control of S.Korea’s Compose Coffee in $340 mln deal
The Philippines’ biggest fast-food chain Jollibee Foods will acquire a majority stake in South Korea’s Compose Coffee, as part of a deal valuing the target at $340 million, the company said on Tuesday...
Semnur Pharmaceuticals to go public in SPAC deal of up to $2 billion with Denali Capital
Drug developer Semnur Pharmaceuticals said on Tuesday it has signed a letter of intent to go public through a merger with special purpose acquisition company Denali Capital Acquisition Corp in a pre-transaction equity...
US to block Tempur Sealy’s $4 bln buy of retailer Mattress Firm
The U.S. Federal Trade Commission is preparing to sue to block the $4 billion merger between mattress manufacturer Tempur Sealy International Inc and retailer Mattress Firm, a source familiar with the matter said on...
JD.com among possible bidders for British parcel company Evri, sources say
Chinese online retailer JD.com has emerged as one of several companies exploring a potential bid for British parcel delivery company Evri, two people familiar with the matter said. Reuters reported earlier this year the...
Blackstone selling Japan drugmaker Alinamin to MBK Partners
Blackstone and MBK Partners said on Wednesday the U.S. private equity firm is selling Japanese drugmaker Alinamin Pharmaceutical to the North Asian buyout fund. The deal size would be 350 billion yen ($2.17 billion), a...
UBS completes merger of Swiss business with Credit Suisse
Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse business was leaving the bank...
BlackRock to buy UK data group Preqin for $3.2 bln
BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in a further expansion by the world’s biggest asset management company into alternative investments. BlackRock, which...
Barry Diller’s IAC explores bid to take control of Paramount, source says
Billionaire Barry Diller’s digital-media conglomerate IAC is exploring a bid to take control of Paramount Global, a person familiar with the matter told Reuters on Monday. IAC has entered into non-disclosure...
Blackstone to sell Japan supplement maker Alinamin to MBK for $2.2 bln, source says
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion), a person with direct knowledge of...
Trading app Robinhood agrees deal with Pluto Capital to tap into AI
Robinhood Markets said on Monday it had bought artificial intelligence-powered investment platform Pluto Capital, adding the trading app to a growing list of companies looking to offer AI tools to customers. Top...
