Alibaba shares slumped 9% to their lowest since June on Monday, as the firm’s upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma’s e-commerce and financial...
London Stock Exchange expects regulatory nod to Refinitiv deal
The London Stock Exchange Group said on Wednesday it expects the green light from outstanding regulatory scrutiny of its $27 billion deal to buy data and analytics company Refinitiv. “The Group has received 16 merger...
Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns – sources
Alibaba Group Holding Ltd and Tencent Holdings Ltd have each held separate talks with Baidu Inc to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters. But...
Axis Bank’s JV deal with Max Life hits yet another regulatory wall
Axis Bank has yet again revised the terms of its deal with Max Financial to form a joint venture involving the latter’s life insurance entity after the previous agreement was deemed not in line with existing laws...
Tiffany-LVMH deal clears regulatory hurdles with EU nod
Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH, the U.S. jeweller said on Monday after it...
NextEra’s Duke Energy bid faces plethora of regulatory hurdles
NextEra Energy Inc Chief Executive James Robo joked last week he does not pursue small acquisitions because the reward is not worth the “brain damage” of getting them past regulators. Yet his $65 billion-plus pursuit of...
Cisco awaits regulatory approval from China on Acacia takeover deal
Network gear maker Cisco Systems Inc and Acacia Communications Inc said on Wednesday China was yet to approve their proposed acquisition deal, already cleared by the United States, Germany and Austria. The acquisition...
Danaher gets conditional South Korean regulatory nod for $21 billion GE biopharma unit deal
South Korea’s antitrust watchdog has approved Danaher Corp’s proposed $21.4 billion acquisition of General Electric’s biopharma division on condition that they sell certain assets to address monopoly concerns. The U.S...
Brazil’s Natura receives all regulatory approvals for Avon deal
Brazilian personal care cosmetics group Natura & Co said on Thursday it has received all regulatory approvals required to complete its acquisition of Avon Products, Inc., paving the way for the closing of the...
Tata Group restructures GMR deal to meet regulatory norms
The Tata Group has agreed to reduce the stake it had proposed to acquire in GMR Airports (GAL) to about 15% from the previously announced 20%, which will likely allow the GMR Group-Tata deal to sail through, people with...
Pub operator Greene King gets regulatory nod for merger with Ka-Shing’s firm
Greene King Plc said on Thursday the European Commission has given the go-ahead for CK Asset, a Hong Kong-listed company founded by the territory’s richest man Li Ka-Shing, to acquire the British pubs operator. The...
James Packer’s Crown Resorts stake sale hits regulatory snag
Australia’s Crown Resorts on Thursday said it had been informed that a planned $1.2 billion stake sale by billionaire founder James Packer to Melco Resorts & Entertainment had been delayed. Melco on Wednesday said...