Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted...
Union Pacific, Norfolk Southern explore cross-continental railroad merger, source says
Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are...
Prosus offers to slash Delivery Hero stake to address EU concerns about Just Eat deal
Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, two people with direct knowledge of...
Australia’s Abacus Storage King opens books for $1.41 billion takeover bid
Abacus Storage King has granted the consortium comprising Ki Corporation and Public Storage access to examine the company’s books and records for six weeks to evaluate its A$2.17 billion ($1.41 billion) binding...
Union Pacific exploring deal to buy Norfolk Southern, WSJ reports
Railroad operator Union Pacific is exploring a deal to buy smaller rival Norfolk Southern, the Wall Street Journal reported, in a merger that would bolster the industry leader’s heft and likely draw intense...
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle. The...
Teneo acquires PwC’s Australia restructuring unit to expand financial advisory presence
Teneo said on Thursday it has acquired the Australia business restructuring services unit of auditing firm PwC, as the management consultancy seeks to expand its financial advisory presence in the region. Under the...
EU gives conditional approval for Brasserie Nationale takeover of Boissons Heintz
The European Commission has approved Luxembourg brewer Brasserie Nationale’s acquisition of drinks wholesaler Boissons Heintz subject to conditions aimed at preserving competition in the country’s...
Couche-Tard scraps $47 billion bid for Japan’s Seven & i
Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. The surprise move ends what could have...
Why crypto giant Tether bought a South American farming company
Crypto powerhouse Tether, the world’s largest digital assets company, is leveraging its recent acquisition of a South American agricultural firm to make a strategic play for the multi-trillion-dollar a year global...
Gerresheimer calls a halt to discussions on potential takeover
German packaging and medical equipment maker Gerresheimer has ended discussions on a potential sale of the company after months of talks since the start of 2025, it said on Wednesday evening. In February the Duesseldorf...
EDF weighs stake sales in North American, Brazilian renewables units
France’s EDF is weighing options to bring in capital to both its North American and Brazilian renewables businesses, a company spokesperson said on Wednesday, which could include stake sales of as much as 50%. The...
