Hyatt Hotels said on Monday it has agreed to sell the real estate portfolio owned by Playa Hotels to Tortuga Resorts for $2 billion, as the U.S. hospitality chain seeks to strengthen its asset-light business. Hyatt had...
UK competition watchdog begins initial probe into Boeing-Spirit Aero deal
Britain’s competition regulator said on Monday it has started a Phase 1 investigation into Boeing’s planned acquisition of Spirit Aerosystems, setting a deadline of August 28 for a decision. The Competition...
Banca Mediolanum sells entire stake in Mediobanca for about $646 million
Italian asset manager Banca Mediolanum said on Monday has completed the sale of its entire 3.5% stake in merchant bank Mediobancafor about 548.4 million euros ($646.2 million). Banca Mediolanum has sold its stake of 29...
Google strikes deal to buy fusion power from MIT spinoff Commonwealth
Alphabet’s Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers the sun and the stars but is not yet commercial on Earth. Google signed what...
TransDigm to buy proximity sensor maker Simmonds for $765 million
Aerospace supplier TransDigm Group said on Monday it will acquire Simmonds Precision Products from defense contractor RTX Corp for about $765 million in cash. Simmonds makes fuel and proximity sensing and structural...
AbbVie to buy Capstan for up to $2.1 billion in immunology push
AbbVie said on Monday it would acquire privately held cell therapy developer Capstan Therapeutics in a deal worth up to $2.1 billion, expanding its product pipeline with experimental treatments for autoimmune diseases...
UK’s Oakley Capital to sell legaltech platform vLex to Clio at $1 billion valuation
British private equity firm Oakley Capital Investments said on Monday it has agreed to sell its legal technology platform vLex to legal software provider Clio in a deal valuing the Spanish start-up at $1 billion.
Star Entertainment’s Queen’s Wharf stake exit deal collapses
Australia’s Star Entertainment said it had received a notice from Hong Kong’s Far East Consortium International and Chow Tai Fook Enterprises to terminate the deal to sell its 50% stake in its Queen’s...
Global M&A powered by larger deals in first half; bankers show appetite for megadeals
Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals...
RTL buys Sky Deutschland in deal to take on US streaming giants
European broadcaster RTL Group said on Friday it would buy Sky Deutschland, in a deal that combines Sky’s sports and streaming offerings with RTL’s news and entertainment brands to create a business with 11...
Reinet Investments in talks to sell stake in UK insurer PIC
Luxembourg-based investment vehicle Reinet Investments said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC). The firm did not provide...
Dutch watchdog clears DPG’s acquisition of RTL Nederland
Dutch competition watchdog ACM said on Friday it had cleared RTL Group’s sale of its Dutch subsidiary RTL Nederland to Belgium-based DPG Media, under conditions meant to protect the independence of involved news...
