South Africa’s Competition Tribunal has approved Canal+’s 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice, subject to agreed conditions, the companies said on Wednesday. The deal...
Sony explores sale of cellular chipsets business, sources say
Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The...
BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports
One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP’s Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter. One...
Payments firm Corpay to buy UK’s Alpha Group in $2.2 billion private markets push
Corpay will buy British peer Alpha Group in a $2.2 billion (1.6 billion pounds) cash deal, the U.S.-based business payments firm said on Wednesday, to expand in the fast-growing private markets. The private markets...
Space startup iRocket to go public via $400 million SPAC deal
Reusable rocket developer Innovative Rocket Technologies, commonly known as iRocket, will go public in the U.S. through a $400 million merger with special purpose acquisition company BPGC Acquisition, the companies said...
Waystar to buy Iodine Software in $1.25 billion deal to boost AI in healthcare payments
Healthcare software firm Waystar said on Wednesday it would buy privately held Iodine Software in a deal worth over $1.25 billion, including debt, to expand its use of artificial intelligence in healthcare payments and...
Dubai’s Sidara weighs lowering Wood Group offer after UK regulator’s probe, FT reports
Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group, as Britain’s financial watchdog has launched a probe into the oilfield services provider, the Financial Times reported on...
Italy’s Saipem, Norway’s Subsea 7 confirm merger to create energy services leader
Italy’s Saipem and its Norwegian rival Subsea7 announced on Thursday a merger to form a leading global player in offshore energy services. The merger terms align with those outlined in February’s memorandum...
ConocoPhillips nears sale of Oklahoma assets to Stone Ridge Energy, sources say
U.S. oil and gas producer ConocoPhillips is in advanced talks to sell assets in Oklahoma to privately owned Stone Ridge Energy for around $1.3 billion, three people familiar with the matter told Reuters on Tuesday...
Amazon to buy startup focused on AI wearables
Amazon has reached a deal to buy San Francisco-based Bee, a startup making an artificial intelligence-enabled bracelet to listen in on and transcribe conversations. Bee’s $50 wristband can analyze and distill what...
CapVest eyes majority stake in German drugmaker Stada, Bloomberg News reports
London-based buyout firm CapVest Partners is in talks to acquire a majority stake in German drugmaker Stada Arzneimittel, Bloomberg News reported on Tuesday. The deal would value Stada Arzneimittel at about 10 billion...
UK’s Compass strikes its biggest-ever deal with $1.8 bln Vermaat acquisition
Food catering firm Compass has agreed to buy European premium food services business Vermaat Groep for about 1.5 billion euros ($1.75 billion) including debt, it said on Tuesday, marking its largest-ever deal. Compass...
