The Oregon attorney general will ask a court to pause Paramount’s $110 billion bid to acquire Warner Bros for 60 days, saying on Tuesday the company withheld records on its lobbying efforts. While Paramount has...
Reuters.com
Sumitomo Mitsui Trust Bank to buy 15% stake in infrastructure investor Morrison
The trust bank unit of Japan’s Sumitomo Mitsui Trust Group will acquire a 15% stake in infrastructure investment manager Morrison and make an initial $500 million commitment to two Morrison strategies, the...
Onsemi to sell two chipmaking plants to cut costs
Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of a broader push to cut costs and boost profit margins. Shares of the company were down more than 3% in premarket trading. They have...
MasTec to buy Superior Group in $1.65 bln deal to expand data center business
Infrastructure engineering and construction firm MasTec said on Tuesday it would acquire electrical contractor Superior Group in a $1.65 billion cash-and-stock deal, expanding its capabilities in the fast-growing data...
Vertex to buy Crinetics for $10 billion in rare-diseases push
Vertex Pharmaceuticals will buy Crinetics Pharmaceuticals for a total equity value of about $10 billion, the companies said on Monday, adding treatments for rare hormonal diseases to its portfolio. Vertex’s offer...
Fiserv exploring sale of debit card network to big US banks, source says
Payments firm Fiserv has held talks with U.S. banks, including JPMorgan and Bank of America to sell its payments infrastructure business that handles debit card transactions, a source familiar with the matter said on...
Solstice buys Element Solutions in $14.5 billion deal, sharpens focus on AI market
Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on growing demand from AI data centers and the chip...
Vista Equity, Quinti Capital offer to buy French adtech firm Criteo, sources say
Vista Equity Partners and investment firm Quinti Capital have offered to acquire French advertising-technology company Criteo, two sources familiar with the matter said Monday. The firms submitted an offer last week...
Private equity firm EQT to buy Australian parking tech provider Orikan
Sweden-based investment firm EQT said on Monday it will buy Melbourne-based parking and compliance technology provider Orikan, extending a run of regional deals. Here are some details: EQT said the acquisition will...
Blackstone, CVC and MUFG among bidders for stake in Vietnam’s MoMo, sources say
Blackstone, CVC Capital Partners and Japan’s MUFG are among bidders for a stake in Vietnamese fintech firm MoMo as it presses ahead with a partial sale, two people with direct knowledge of the matter said...
Vivendi hit with additional EU antitrust charges over Lagardere deal
Vivendi was hit with additional EU antitrust charges on Friday related to its 2023 acquisition of publisher Lagardere as regulators strengthened their case that could lead to a hefty fine for the French media...
Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on...
