British homebuilder Bellway on Thursday made public an all-share bid it proposed last month to acquire Crest Nicholson, after the offer was rejected by its smaller rival. The potential deal would have valued Crest at...
Liberty Global takes controlling stake in Formula E
Liberty Global is taking a 65% stake in the Formula E electric car racing world championship after buying out Warner Bros Discovery, the series announced on Thursday. The acquisition will, on completion, leave Liberty...
Battery Ventures, Silver Lake explore $3-billion sale of Clubessential, sources say
Investment firms Battery Ventures and Silver Lake are exploring a sale of Clubessential Holdings, which they hope will value the club management software provider at close to $3 billion, according to people familiar...
Germany’s Flix eyes stake sale in IPO rethink, sources say
German bus and train services company Flix is seeking alternatives to a stock market listing and is in talks with investors including private equity firm EQT on a potential stake sale, two people close to the matter...
Paramount Global owner calls off merger talks with Skydance Media
National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended talks on a possible merger of Paramount with movie production company Skydance...
Malaysia’s Gentari plans minority stake sale in C&I assets to raise around $400 million
New Delhi: Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd (Petronas) that has been actively scouting for green energy assets in India, is now planning a minority fund raise in...
Sigma’s $5.9 bln merger with Australia’s Chemist Warehouse raises regulatory concerns
Australia’s competition regulator on Thursday flagged major concerns with Sigma Healthcare’s proposed merger with retailer Chemist Warehouse Group to form a A$8.8 billion ($5.9 billion) company. The...
South Korean AI chip developers Rebellions and Sapeon to merge
South Korean AI chip developers Rebellions Inc and Sapeon Korea Inc are pursuing a merger, Sapeon parent SK Telecom Co said on Wednesday, in the latest attempt in South Korea to challenge global AI chip leader Nvidia as...
Qantas to buy remaining 49% stake in TripADeal for $140.6 mln
Australia’s Qantas Airways said on Thursday it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million) as the airline seeks to capitalize on strong demand for...
Cognizant’s ambitious acquisition of Belcan raises questions
On Monday, Cognizant Technology Solutions Corp. announced it is buying Belcan LLC, a Cincinnati, Ohio-based engineering, research and development (ER&D) service provider, for $1.3 billion. Cognizant would pay $1.19...
Canada’s National Bank to buy Canadian Western Bank for $3.6 billion
National Bank of Canada said on Tuesday it would buy Alberta-based rival Canadian Western Bank in a C$5 billion ($3.63 billion) deal combining the country’s sixth- and eighth-largest lenders respectively and...
Family owners of Badia Spices explore $1.2 billion-plus sale, sources say
The family behind Badia Spices is exploring a sale of the Hispanic food company that could value it at over $1.2 billion, including debt, according to sources familiar with the matter. The company is working with...
