South Korean game company Krafton Inc said on Tuesday it had agreed to buy Japan’s advertising and animation group ADK for 75 billion yen ($516.21 million). Krafton, the developer and publisher of the blockbuster...
Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say
Brighthouse Financial has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential...
Volvo sells stake in China’s SDLG in strategic revamp
Volvo Group on Tuesday said it would sell its 70% stake in China’s Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core...
Parkland shareholders vote for $9.1 billion acquisition by Sunoco
Parkland Corp shareholders on Tuesday voted in favor of a $9.1 billion deal to be acquired by U.S.-based Sunoco. The company said 93.46% votes were for the deal, which will create America’s largest independent...
Deals of the day – Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing...
New Zealand’s Xero to buy US fintech Melio for $2.5 billion
New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday, accelerating the Kiwi firm’s push into the U.S. with the country’s...
Unilever to acquire men’s personal care brand Dr Squatch
Dr. Squatch has reached millions of people through its retail and direct-to-consumer model with natural, high-performance personal care products including natural soaps and body washes, deodorants, hair care, skin care...
Advent to buy equipment maker Spectris for $5.9 billion in Britain’s biggest takeover this year
Private equity firm Advent will acquire Britain’s Spectris in a deal valued at 4.4 billion pounds ($5.91 billion), including debt, the companies said on Monday. Spectris, which makes scientific instruments, was...
Starbucks says it is not currently considering a full sale of its China operations
U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information...
ECB clears Monte Paschi’s takeover bid for Mediobanca, source says
The European Central Bank has cleared Monte dei Paschi di Siena’s proposed acquisition of rival Mediobanca, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance...
Liberty Media receives nod from EU regulators for MotoGP deal
Formula One owner Liberty Media received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday...
Italy’s stake sale of Monte dei Paschi under EU scrutiny, FT reports
The European Commission is examining the Italian government’s sale of a 15% stake in Monte dei Paschi di Siena last year, following claims that large investors were shut out of the bidding process, the Financial...
