Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal. After the deal closes, the company will be renamed Paramount...
LVMH in talks to offload fashion label Marc Jacobs, sources say
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding...
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say
Spanish telecom giant Telefonica is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has...
Russian e-commerce firm Ozon says entrepreneur Chachava takes 28% stake
Russian e-commerce company Ozon said on Friday that businessman Alexander Chachava had acquired a 27.7% stake in the company from Vostok Investments. Chachava, the founder of venture fund LETA Capital, took part last...
PagerDuty exploring potential sale after receiving buyer interest, sources say
PagerDuty is exploring options, including a potential sale of the U.S.-based software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with...
UK’s Close Brothers to sell Winterflood to Marex for $140 million
British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash. Close...
Ceconomy confirms it is in advanced talks with China’s JD.com
German electronics retailer Ceconomy confirmed on Thursday it was in advanced negotiations over a potential takeover by China’s JD.com at 4.60 euros per share. Bloomberg had earlier reported that JD.com was...
Constellation Energy receives nod from FERC for Calpine acquisition
Utility company Constellation Energy said on Thursday it has received a regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced $16.4 billion acquisition of Calpine...
Pinnacle Financial Partners, Synovus Financial to merge in $8.6 billion deal
Pinnacle Financial Partners and Synovus Financial have agreed to merge in an $8.6 billion all-stock deal, forming one of the largest regional banks in the southeastern United States with over $115 billion in combined...
Canal+ gets conditional approval for MultiChoice takeover
South Africa’s Competition Tribunal has approved Canal+’s 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice, subject to agreed conditions, the companies said on Wednesday. The deal...
Sony explores sale of cellular chipsets business, sources say
Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The...
BP’s Castrol unit gets One Rock Capital Partners’ bid, Bloomberg News reports
One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP’s Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter. One...
